COMMERCIAL BANKING
Target Market
The Commercial Banking Division provides specialised financial services to small businesses and multinationals to support operations in developing and developed markets. From creating access to a wide range of capital financing to the ease of mobile banking, we provide the resources that cater to the customer bridge between the Retail and Corporate ends of the market.
Our Service Promise
We support, guide and grow customers by providing the necessary financial solutions for sustainable growth, investment, profitability and liquidity management.
Sector Focus
Sector Focus
• General Commerce (Trading).
• Industrial and Agro Allied chemicals.
• Telecommunications.
• Manufacturing.
• Downstream Oil and Gas Trading.
• Hospitality.
• Building & Construction.
Our Delivery Model
Our financial and business experts have the products, experience and knowledge to work with your firm to tailor financial solutions that help meet your set goals. Our passion is to grow small and medium businesses into conglomerates. We take the burden of selecting financial options off you so you can concentrate on building your business.
COMMERCIAL BANKING PRODUCTS
ActivCollect
ActivCollect is Keystone Bank's proprietary collection platform built on our robust technology for collections across our branch network. The technology enables us customise secure cash collection solutions that help businesses manage liquidity, control payments, and reconcile accounts efficiently while monitoring real-time from any location.
Trade Finance
We Deliver Customer-focused Trade Finance Solutions. At Keystone Bank, we understand that no two businesses are the same. We provide services to fit dynamic trade finance needs and unique backgrounds throughout the trade cycle.
Differentiation of Trade Instruments
Our customers' instruments requirements are differentiated according to instrument size, duration, payment structure, rating of confirming and advising banks, as well as the relationship between our customer and the beneficiary.
Complexity of the Trade Space
We are aware that the Trade Finance space may seem complicated for customers who are more focused on their Manufacturing/Commodities/Aviation and Agricultural business. Keystone Bank, therefore, collaborates with stakeholders including appointed brokers and representatives of these customers to best arrive at a dynamic and suitable financing solution.
• Bank Guarantee (BG)
• Documentary Letter of Credit (LC)
• Standby Letter of Credit (SBLC)
• Documentary Collections.
• Trade Advisory Services and Intermediations.
• Global Coverage
• Export Receivable Discounting Facility-ERDF
• Import Finance Facility-IFF
Keystone Bank maintains a global footprint through a strong correspondent banking network and key strategic alliances with multilateral agencies and development finance institutions.
Risk Mitigation
We are a compliant organisation with strict adherence to all KYC/AML policies and procedures in trade. All Letters of Credit issued and advised by Keystone Bank follow the rules pursuant to UCP 600, URC 522, URDG 758 or ISP 98. Keystone Bank does not advise or issue instruments that do not meet the regulations in the listed rules.
Competition
Our customer service orientation, flexibility, global coverage, rates and experienced team produce our competitive edge in the market.
We are open 24 hours, Monday through Sunday to handle enquiries. You can reach us on +234 700 2000 3000 or email us at contactcentre@keystonebankng.com
Domiciliary Account
Keystone Bank Domiciliary Account is a current account denominated in foreign currency designed for registered companies.
Features :
• Account can be denominated in Dollars, Pounds or Euros.
• Minimum opening balance of 100 Dollars, Euros or Pounds.
• Zero minimum operating balance
• Competitive interest rates
• Issuance of non-clearing cheque book
• Cash handling charge of 0.05% on withdrawals
• No maintenance fee
• No restriction to number of withdrawals
• Access to Keystone Bank debit/credit card.
• Access to safe and secure E-Banking services & Channels - Mobile Banking, Internet Banking for international and local funds transfer
• Telex charge of $25 or its equivalent in pounds or euro
• 0.5% on transfer charge on transaction value
Requirements:
1. Duly filled and signed account opening form
2. Documentary evidence of address for the company e.g utility bill
3. 2 references (corporate entities only)
4. 2 Passport photographs
5. Valid means of identification of each signatory
6. Residence Permit (where applicable)
7. Certificate of Incorporation / Business Registration
8. Forms CO7 and CO2
9. Memorandum and Article of Association
10. Board resolution
11. Tax Identification Number
12. BVN from signatories,
13. SCUML (DNFBPs only)
For details, kindly contact us at Keystone Bank Limited.
1 Keystone Bank Crescent,
Victoria Island, Lagos.
Telephone: +234 700 2000 3000.
Email: contactcentre@keystonebankng.com
Dom Extra Account
Keystone Bank Domiciliary Extra Account is a foreign currency denominated account that is targeted at Limited Liability Companies.
Features
• Account can be denominated in Dollars, Pounds or Euros.
• Minimum operating balance of 1,000 USD, GBP or EUR.
• Issuance of personalized non-clearing cheques
• Competitive interest rates.
• Cash Withdrawal – 0.05% of amount withdrawn
• Access to Keystone Bank debit/credit card.
• Access to safe and secure E-Banking services & Channels - Mobile Banking, Internet Banking for international and local funds transfer
• Zero transfer charge
• Telex charge of $25 or its equivalent in pounds or euro
Requirements:
1. Duly filled and signed account opening form
2. Documentary evidence of address for the company e.g utility bill
3. 2 references (corporate entities only)
4. 2 Passport photographs
5. Valid means of identification of each signatory
6. Residence Permit (where applicable)
7. Certificate of Incorporation / Business Registration
8. Forms CO7 and CO2
9. Memorandum and Article of Association
10. Board resolution
11. Tax Identification Number
13. BVN from signatories,
14. SCUML (DNFBPs only)
For details, kindly contact us at Keystone Bank Limited.
1 Keystone Bank Crescent,
Victoria Island, Lagos.
Telephone: +234 700 2000 3000.
Email: contactcentre@keystonebankng.com
GROWBIZ ACCOUNT
GrowBiz account is designed to meet the needs of SMEs (Small Medium Enterprises) i.e. Sole Proprietors, Professional Firms, Schools, Religious Bodies, NGOs, Limited Liability Companies etc. The product is available in two variants - GrowBiz Gold Account with minimum balance and GrowBiz Classic Account without minimum balance.
Features
| Opening and minimum operating
balance of ₦50,000 for Individuals,
₦100,000 for Businesses and ₦250,000 for Corporates |
Zero fixed opening and minimum operating balance required |
| No fixed monthly maintenance fee | Fixed monthly maintenance fee of ₦1,700 for Individuals, ₦2,500 for Businesses and Corporates |
| Issuance of cheque booklets Access to credit facilities (terms and conditions applies | Issuance of cheque booklets Access to credit facilities (terms and conditions applies |
| No restriction to number of withdrawals | No restriction to number of withdrawalss |
| No maximum turnover on account | No maximum turnover on account |
Requirements
| Individual | Micro, Small and Medium Enterprises and trader | Corporate | |||
|---|---|---|---|---|---|
| Duly filled and signed account opening form | Duly filled and signed account opening form | Duly filled and signed account opening form | |||
| Valid means of identification | Certificate of Registration | Documentary evidence of address for the company | |||
| ************** | Form of application for registration of business name | 2 references (corporate entities only) | |||
| 2 references | Documentary evidence of address for the business | 2 Passport photograph | |||
| Utility Bill | 2 confirmed references | Valid means of identification of each signatory | |||
| BVN from customer, | Passport photograph of each signatory | Residence Permit (where applicable) | |||
| Visitation report and KYC form | Mandate card | Certificate of Incorporation / Business Registration | |||
| Passport photograph of the signatory | Copy of Valid means of identification of the signatory | Forms CO7 and CO2 | |||
| Mandate card | Letter of Introduction | Memorandum and Article of Association | |||
| Copy of valid ID of the signatory | Tax Identification Number | Board resolution | |||
| Mandate card | Letter of Introduction | Memorandum and Article of Association | |||
| ************ | *************** | ************* | |||
| BVN from customer | Tax Identification Number | ||||
| Visitation report & KYC form | Stamp Duty(sign across the stamp) | ||||
| ₦50 Postage stamp | Dud Cheque Pledge Form | ||||
| BVN from signatories, | |||||
| Visitation Report & KYC form SCUML (DNFBPs only) | |||||
| ₦50 Postage stamp |
For details, kindly contact us at Keystone Bank Limited. 1 Keystone Bank Crescent, Victoria Island, Lagos.
Telephone: 0700 2000 3000.
Email: contactcentre@keystonebankng.com
Corporate Current Account
This serves as a higher variant of the Quick Save account, targeted at financially excluded persons. The customer is, however, required to provide a valid form of identification.
Features:
• Minimum opening balance of N10,000
• No minimum operating balance
• Current account maintenance fee of N1 for every N1,000 debit transaction
• Issuance of cheque booklet valid for clearing
• Account can be used to access loans
• No restriction to number of withdrawals
Requirements:
1. Duly filled and signed account opening form
2. Documentary evidence of address for the company e.g utility bill
3. 2 references (corporate entities only)
4. 2 Passport photographs
5. Valid means of identification of each signatory
6. Residence Permit (where applicable)
7. Certificate of Incorporation / Business Registration
8. Forms CO7 and CO2
9. Memorandum and Article of Association
10. Board resolution
11. Tax Identification Number
12. BVN from signatories,
13. SCUML (DNFBPs only)
