Biz Smart Account

• Zero current account maintenance fee if you keep a minimum balance of N50,000 in the account and do not withdraw more than 4 times per month at a branch
• MasterCard Debit Card for single signatory accounts
• A personalized Biz Smart cheque-book that you can only cash at Stanbic IBTC branches. (Applies to third parties recipients too)
• Interest payment of 0.25% per annum (if minimum balance is maintained)
• Free access to internet banking and mobile banking (transaction fees apply)
• Free e-mail alerts
• Easy access to a domiciliary account

This is a hybrid current account with an exemption from account maintenance fee if the following are met:                                                    

• This account will be charged account maintenance fee of N1 per mille if the minimum balance on the account is less than N50,000 (Fifty Thousand Naira Only).
• A customer who does a monthly debit turnover less than N40m will not be charged CAM fee. A customer who does a monthly turnover between N40m and N100m will be charged 50kobo per mille while a customer who does above N100mn will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.                                                                
• minimum account opening balance is N60,000 (opening balance of N10,000 and minimum daily balance of N50,000).
• A maximum of four (4) cash withdrawals at the Branch of the Bank.  

The cheque is not eligible to go through the Central Bank of Nigeria Clearing House. Accordingly, the cheque can only be cashed at the Bank’s Branches and or paid into bank accounts maintained in the Bank. The account will attract interest on the average minimum balance at the Bank’s prevailing interest rate for the account.