Having a business account is a very good way to keep your business going forward in today’s world. All Nigeria Banks offer its customers a business account. The main reason is to help SMEs and small business owners to grow and maintain their business. Access Bank is not left out of this circle. In fact you can Access more with the Access bank Business Accounts.

What Is Access Bank Business Accounts

Access Bank Business Accounts are types of accounts (Savings and Current) that helps SMEs and small business owners grow their business. These types of accounts from Access Bank keeps financial records, gives credit facilities(where applicable) and even connect business owners to merchant outside the country.

The Access Bank of Nigeria provide Business management courses, webinars and even website development services for the owners of this account type. Growing your business needs effort and support and Access bank is ready to provide you with those.

Types of Access Bank Business Accounts

There are currently four types of business accounts. These accounts are from a simple business account targeted at small business to advance business account that is targeted at big enterprise. below are the four types of business accounts in Access Bank

1. Domiciliary Account
2. Gold Current Account
3. Corporate Account
4. MPower Biz Account

What Is Access Bank Domiciliary Account

Access Bank Domiciliary Account makes it possible for business owners to easily save, make and receive payments in foreign currency i.e. Pounds, Euros, Dollars, Yen, etc. This means they can expand the borders of their business overseas. They can trade with foreign business men and receive payment with ease.

Features And Benefits Of The Access Bank Domiciliary Account

1. $100, £100 & €100 opening balance: You need this amount as initial deposit before you can open the domiciliary account.
2. Available for corporate and individual customers
3. Zero minimum daily balance: The account runs on zero daily minimum policy. which means that you can withdraw all money and there won’t be any problem.
4. Customized cheque book
5. Zero Monthly Maintenance: Account holders are not charged any monthly fee by Access Bank for maintaining the account.
6. No restriction on number of withdrawals
Interest rate 0.01% p.a. (above 100,000 GBP, USD, Euro)

Requirements To Open The Access Bank Domiciliary Account

1. Means of address verification
2. 2 references
3. Two recent Passport photographs
4. Valid ID of each signatory
5. Residence Permit (Foreigners)
6. Forms CO7 and CO2 as applicable
7. Certificate of Incorporation / Business Registration
8. Memorandum and Article of Association as applicable
9. Board resolution as applicable
10. Search report as applicable

What Is Access Bank Gold Current Account


Access Bank Gold Current Account is designed and targeted at one man business. It is designed to help sole proprietors grow their business and keep record of their financial transaction. The aim is to give SMEs and small business owners the taste of current account enjoyed by big business.

Read more about credit facilities, Loan options and how to open all four types of business accounts from the link below

https://www.mntrends.com/2019/06/features-and-benefits-of-the-access-bank-business-accounts.html/