DBA Lite is a variant of DBA (TraderLite). It is specifically designed for our young entrepreneurs.
Open an account nowDiamond Business Advantage (DBA) is a current account designed to add value to Micro, Small and medium businesses (MSMEs) and cause business growth via smart banking (cost management).
Features & Benefits
Amazing Offers on DBA Lite
We’ve got amazing offerings for you. Kindly see below:
Frequently Asked Questions
DBA Lite is a current account specially designed for young entrepreneurs (individuals and businesses).
Yes, but they need to get their businesses registered. At Access Bank (Emerging Business unit), in partnership with legal solicitors we offer registration services at a discounted amount. For Business name registration, the cost is ₦24,438.75k while limited is ₦62,842.50k. The registration services come with a free corporate search as well as TIN (Tax identification Number).
These are:
Less Documentation
Affordability
Convenience
Access to market
Access to finance
Access to business loans
Access to payment acceptance services e.g swift pay e.t.c.
DBA Lite is affordable, customer gets to pay only ₦75 monthly fixed charge and a penal charge of 0.1% on the excess monthly turn over threshold amount of ₦1 million
Yes, DBA Lite customers can enjoy all our payment Channels.
ATM cards (at the applicable Bank Charges) are available for both Individuals and Businesses.
Yes, Customers can request for cheque books, their cheque book will go for clearing.
Yes, TraderLite Businesses can access any of our Business loans
Customers can apply for the loan by contacting their Account Officer, any lending officer, Contact Centre or by visiting any Access Bank branch close to you.
No, this product is specifically designed for adults from age 18+ and above.
The DBA Lite variant is our response to meeting the needs of young entrepreneurs in the country. It is a business account specially designed for them, with the aim of providing financial inclusion for businesses in that segment while equipping them with the required skills to grow their business.
Any Individual or Registered Business that does a monthly turnover of 0-1 million naira. Examples are: Young entrepreneurs that fall under the ages18-35
Yes, it can
DBA lite is a Business current account designed for individuals and Businesses in the micro segment.
Features |
DBA Lite Individual |
DBA Lite Business |
---|---|---|
Min Opening Bal |
N5,000 |
N10,000 |
Min. Operating Bal |
N2,000 |
N2,000 |
Monthly Fixed Charge |
N75 |
N75 |
Segment Monthly Debit Limit |
N1million |
N1million |
Penalty Charge |
0.1% |
0.1% |
References |
N/a |
1 |
There are different requirement for each variant of the DBA lite product:
Documentation requirements for DBA Lite Individual are:
Completed account opening form
Completed signature specimen form
2 recent passport photographs of each authorized signatory
Valid Identification i.e. international passport, Driver’s license, National ID card
Proof of address (e.g., recent utility bill, rent agreement or rent receipt)
Bank Verification Number of signatories
Required minimum account opening amount
Important information form (T&C form).
Documentation requirements for DBA Lite Business are:
Completed account opening form
Completed signature specimen form
2 recent passport photographs of each authorized signatory
Valid Identification i.e. international passport, Driver’s license, National ID card
Proof of address (e.g., recent utility bill, rent agreement or rent receipt) Bank Verification Number of signatories
Tax Identification Number (TIN)
1 reference form
Special Control Unit Against Money Laundering (SCUML) certificate (if applicable)
Copy of form CAC/BN/A1- form of application for registration of business name
Copy of certificate of registration of business name (original to be sighted
Proof of address of business premises (e.g. recent utility bill, rent agreement or rent receipt)
Required minimum account opening amount
Important information form (T&C form).
No reference is required for Trader lite individual and only 1 reference is required for the Trader lite Business account.
To talk to us about how we could support your business, please call us on: +234 1- 2712005-7, +234 1-2802500, 07003000000
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