Category Archives: ACCESS BANK

Access Bank Introduces ‘Family Savings Scheme’ to Boost Savings

Access Bank Plc has unveiled a new savings scheme tagged ‘Family Savings Scheme’ initiated to give its customers a boost in their savings. The exercise is in line with the Bank’s commitment to promoting savings culture among the populace.

The ‘Family Savings Scheme’ is a savings scheme designed to encourage families to save together and enjoy exclusive privileges such as high interest rates and family rewards while they continue to enjoy the confidentiality of their banking relation and manage their accounts as unique individuals.

The Scheme provides access to people who are presently excluded from financial services whilst promoting capital accumulation and investment boom.

Under the scheme, a minimum of four family members are encouraged to bank with Access Bank and enjoy exclusive value propositions. Eligible family members include partners, children, parents, aunts, uncles, cousins and grandparents.

According to the Bank’s Executive Director, Personal Banking, Victor Etuokwu, the scheme comes under new segment in the Bank – Family Banking Segment. “This is not a new product but a new segment in the bank. We have basically pulled together the various products we offer to unique family members under this Segment”, he added.

He listed some of the value propositions of the savings scheme to include education advisory services, deals and discounts, higher Interest rates, insurance, school fees advance and home loans.

Etuokwu implored the existing and prospective customers to take advantage of the ‘Family SavingsScheme’ to save for themselves and more importantly for economic development.

urrent Account At Access Bank, we offer our customers a convenient way to manage their day-to-day finances.

Business Banking

Current Account

At Access Bank, we offer our customers a convenient way to manage their day-to-day finances. The current account provides an extensive range of transactional services to support your banking needs.

Features

  • No minimum balance required
  • Cheque book
  • Internet, Mobile & Telephone Banking
  • Allows direct debit instructions
  • Account is on-line real time
  • Third party transactions allowed

Benefits

  • Access to overdraft and loan facilities for qualified customers at very competitive rates.
  • Monitoring of account activities from the comfort of the office via internet, telephone and mobile banking.
  • Provide a fast, efficient and suitable means of transacting businesses.

Domicilliary Account 

Our Domiciliary Account is designed to help you conveniently carry out foreign currency transactions from the comfort of your office or abroad.

Features

  • No minimum balance required
  • Internet, Mobile & Telephone Banking
  • Allows direct debit instructions

Benefits

  • Access to overdraft and loan facilities for qualified customers at very competitive rates.
  • Monitoring of account activities from the comfort of the office via internet, telephone and mobile banking

Corporate Cards

At Access Bank, we offer bank cards issued to companies for use by company employees. The liability for abuse of the card typically rests with the company and not with the employee.

Features

  • Provides corporate staff with a flexible and safe method of payment for virtually all their business expenses while on the road or in the office.
  • It enables users have greater control over everyday business expenses.
  • No matter where you are or the time of the day, the Corporate Card provides you with a host of services and support to help make doing business easier.

Benefits

  • Streamline and automate payments and  reduce processing costs by switching to electronic payments for suppliers
  • Offset travel and work-related expenses
  • Manage your cash flow
  • Provide employees with convenient online tools
  • Employee expense management & travel expense management: control, track and manage employee spending

Personal Loan A salary administration product that takes care of the financial needs of employees who domicile their salaries with Access bank.

Personal Loan

A salary administration product that takes care of the financial needs of employees who domicile their salaries with Access bank.

Features

  • Flexibility to meet varied personal needs
  • Loan amount up to 75% of net annual salary (for applicants with terminal benefit)
  • Loan amount up to 50% of net annual salary (for applicants without terminal benefit)
  • Up to 36 months tenor
  • Credit life insurance

Requirements

  • Completed Application Form
  • Completed Employee Status Inquiry/Employer’s Confirmation Form
  • Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
  • Copy of Employment ID and valid means of identification
  • BVN
  • Credit checks
  • Letter of Lien/Set off