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FirstSME Classic
Specially designed accounts for small-scale enterprises, providing the support you need to grow and scale your business with a minimum operating balance of N50,000.
Account Information
Description
Features
Who Can Apply?
How to Apply
Description
Specially designed accounts for small-scale enterprises, providing the support you need to grow and scale your business with a minimum operating balance of N50,000
Features
- Minimum opening balance of N50,000
- Minimum operating balance of N50,000
- Zero/mile annual maintenance charge subject to minimum operating balance and turnover limit
- Turnover limit caps at N100m with annual maintenance charge on the excess at 0.50k/mile
- Drawing below operating balance attracts annual maintenance charge of N0.50k/mile on total transaction for the month
- Borrowing is allowed on the account
Who Can Apply?
Small & Medium Scale Enterprise Customers.
How to Apply
For more details, please contact
FAQs
No, the FirstSME Current account is meant for Small & Medium Scale Enterprise Customers.
No, the FirstSME Current account and Individual current account have different scheme codes.
Yes, it can be opened to these sets of customers.
Yes, the FirstSME Current account can be opened for new customers and No, it is not strictly for existing corporate customers with savings account who has been advised to migrate to current account.
