₦airaland Forum

Good days guys, few months ago I over heard a discussion on how banks can help pay ur suppliers overseas @ the official rate of 360 only if u own a cooperate account with the bank. I didn't pay much attention to it then. Coincidentally I need that info now. I have someone I ought to pay. And I also have a cooperate account with different banks, Zenith, Fidelity, Diamond banks. Someone help me out pls

Cunnilingus:
Good days guys, few months ago I over heard a discussion on how banks can help pay ur suppliers overseas @ the official rate of 360 only if u own a cooperate account with the bank. I didn't pay much attention to it then. Coincidentally I need that info now. I have someone I ought to pay. And I also have a cooperate account with different banks, Zenith, Fidelity, Diamond banks. Someone help me out pls

At 360 is sme fund that is 20k usd for that u require a PI from your supplier go to the bank and fill a form Q. The fund will be allocated and send to your supplier directly.

pat1612:
At 360 is sme fund that is 20k usd for that u require a PI from your supplier go to the bank and fill a form Q. The fund will be allocated and send to your supplier directly.

tnx boss. Is it called SME Fund? Just wanted to knw what I should ask of inside the bank

Cunnilingus:
tnx boss. Is it called SME Fund? Just wanted to knw what I should ask of inside the bank

Yes ask them you want funds allocated under small and medium enterprises intervention by CBN

pat1612:
At 360 is sme fund that is 20k usd for that u require a PI from your supplier go to the bank and fill a form Q. The fund will be allocated and send to your supplier directly.

pls can u enlighten me on the workings of having cooperate accounts. Charges etc. Thanks bro

REDDEVILS1:
pls can u enlighten me on the workings of having cooperate accounts. Charges etc. Thanks bro

Corporate account sre two saving and business.in saving you are suppose to keep a small minimum balance and u get interest on amount saved.
Business account in some banks are free and some banks ask u to keep a minimum amount of cash all time. Some like diamond charge u maintain charge depending on turnover starting from 2000 to 10k above.
This business accounts are use to bid for forex.
For more info u can visit any bank this is wht i have learn from operating my own.
For me sterling is good bank also i hv account in fidelity and fcmb.diamond is worst to bank with