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ACCESS BANK PLC

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14/6/2019

Diamond
School Advantage

This account is specifically for registered Non-Governmental & Profit Organizations (Clubs, Societies, Associations, and Churches)


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Diamond School Advantage

The Diamond School Advantage is a Zero COT Current Account designed specifically for Private Schools registered in Nigeria. It is essentially a low cost account for schools to carry out their business transactions.

What type of schools are eligible for Diamond School Advantage?

Any of the following categories of schools registered with a recognizable body such as the CAC and/or Ministry of Education.

Creches/Pre-Schools

Nursery/Primary Schools

Secondary Schools

Benefits

  • Fixed Banking Fees that suits their cash flow cycle
  • Affordable minimum opening balance
  • Access to lending products e.g. asset finance, personal loans for staff etc.
  • Access to School Fees Loan for Parents
  • Sponsorship Opportunities
  • School Fees Collection Platform

Opening Requirements

  • Executed MSME Account opening Form
  • Executed School Banking Consent Form
  • N10,000 Minimum Opening Balance
  • 2 Passport Photos for each Signatory
  • Copy of Valid ID Card(Drive's License/ Int. Passport/Nat.ID)
  • 2 References
  • Certificate Of Incorporation /Any other Valid Registration Certificate from the Ministry of Education
  • MEMART &Memorandum and Articles of Association (where applicable)

Features

MINIMUM OPENING BALANCE ₦10,000
MINIMUM OPERATING BALANCE ₦10,000
COT NOT APPLICABLE
TERMLY SERVICE CHARGE $100
ANNIVERSARY DATES (SERVICE CHARGE) -September 30th (First Term)/ January 31st (Second Term)/May 31st(Third Term)
MONTHLY DEBIT TURNOVER LIMIT NO LIMIT ON MONTHLY DEBIT TURNOVER
CASH DEPOSIT POLICY ONLY CBN POLICY IS APPLICABLE
DEPOSIT OF OBC/DIVIDEND YES
CHEQUE BOOK FREE ON FIRST ISSUE ONLY
DEBIT CARD NO
ONLINE BANKING YES
MOBILE BANKING YES
CREDIT CARD NO
ACCESS TO LOANS YES
CUSTOMIZED DEPOSIT SLIPS UPON CUSTOMER REQUEST AND SUBJECT TO TERMS AND CONDITIONS.