Low-cost Current Account Offerings
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Current Account
Fidelity Small Business Account (FSBA)
With the Fidelity Small Business Account (FSBA), small and medium-scale businesses can thrive like never before as they enjoy zero account maintenance fees if they maintain the prescribed minimum operating balance.
The FSBA has three variants designed for micro, small and medium-scale enterprises considering their business capacities as indicated by their estimated average monthly turnovers. These variants are detailed below:
Target Market
- Small, growing to established commercial entities, Traders, as well as other Mass Market SMEs.
- Businesses with 1-10 staff.
- Capital < N10million, with maximum monthly turnover of N20million.
Features & Benefits
- ₦10,000 Min. opening/operating balance.
- Bank freely at ₦20million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N10,000 or monthly turnover exceeds N20million.
- Allows lodgments of cheques and dividend warrants.
- Easy access to loans.
- Free business advisory services
- Suited for nano and micro-sized mass market businesses.
- Access to online and mobile banking
Target Market
- Small, growing to established commercial entities, Traders, as well as other Mass Market SMEs.
- Businesses with 10 – 100 employees.
- Capital N10million to < N100million, with maximum monthly turnover of N50million.
Features & Benefits
- ₦40,000 Minimum opening balance
- ₦50,000 Minimum operating balance
- Bank freely at ₦50million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N50,000 or monthly turnover exceeds N50million.
- Allows lodgments of cheques and dividend warrants.
- Easy access to loans.
- Free business advisory services
- Suited for micro to medium sized mass market businesses.
- Access to online and mobile banking
Target Market
- Nano and micro-sized unregistered businesses in the mass market segment.
- Informal, sole-owned businesses being operated in the name of the business promoter.
- Account serves as an entry into the Business segment.
Features & Benefits
- ₦5,000 Min. opening/operating bal.
- Bank freely at ₦5million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N5,000 or monthly turnover exceeds N5million.
- Allows lodgments of cheques and dividend warrants (in customer’s personal name)
- Easily transit into a full-fledged business account within 3 months to access loans for your business.
- Free business advisory services
- Access to SME Network events & forums.
- Access to online and mobile banking
- Account turnover is factored in when availing business loan to customer post-business registration.
Current Account
Fidelity Premium Business Account
The Fidelity Premium Business Account (FPBA) is a premium account with value-added offerings designed for established and commercial-scale businesses. MSMEs subscribed to the FPBA also enjoy free transactions subject to the applicable terms and conditions.
The FPBA has two variants:
- Fidelity Premium Business Account Variant 1
- Fidelity Premium Business Account Variant 2
Target Market
- Businesses with 50 – 250 employees.
- Capital of N100million – N1billion, with monthly turnover of N100million.
Features & Benefits
- ₦100,000 minimum account opening/operating balance
- Bank freely at ₦100million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N100,000 or monthly debit turnover exceeds N100million.
- Easy access to loans
- Free business advisory services
- Allows lodgment of cheques and dividend warrants.
- Free initial cheque book
- Access to electronic banking services – cards, internet banking, mobile banking
Target Market
- Well-structured Local Corporates, Microfinance Banks, Schools, Churches, Associations, Health Service Providers, Hospitality Service Providers, HNIs, etc.
Features & Benefits
- ₦500,000 Minimum opening balance
- ₦1million Minimum operating balance
- Zero Account maintenance charge
- N1/mille charge only applies when account balance goes below ₦1million.
- No monthly turnover limit
- Access to a Credit card in favor of promoter or the business.
- Free initial cheque book.
- Free business advisory
- Access to loan facilities
- Allows lodgment of cheques and dividend warrants.
- Access to electronic banking services – cards, internet banking, mobile banking and much more.
Current Account
Fidelity Small Business Account (FSBA)
With the Fidelity Small Business Account (FSBA), small and medium-scale businesses can thrive like never before as they enjoy zero account maintenance fees if they maintain the prescribed minimum operating balance.
The FSBA has three variants designed for micro, small and medium-scale enterprises considering their business capacities as indicated by their estimated average monthly turnovers. These variants are detailed below:
Target Market
- Small, growing to established commercial entities, Traders, as well as other Mass Market SMEs.
- Businesses with 1-10 staff.
- Capital
Features & Benefits
- ₦10,000 Min. opening/operating balance.
- Bank freely at ₦20million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N10,000 or monthly turnover exceeds N20million.
- Allows lodgments of cheques and dividend warrants.
- Easy access to loans.
- Free business advisory services
- Suited for nano and micro-sized mass market businesses.
- Access to online and mobile banking
Target Market
- Small, growing to established commercial entities, Traders, as well as other Mass Market SMEs.
- Businesses with 10 – 100 employees.
- Capital N10million to
Features & Benefits
- ₦40,000 Minimum opening balance
- ₦50,000 Minimum operating balance
- Bank freely at ₦50million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N50,000 or monthly turnover exceeds N50million.
- Allows lodgments of cheques and dividend warrants.
- Easy access to loans.
- Free business advisory services
- Suited for micro to medium sized mass market businesses.
- Access to online and mobile banking
Target Market
- Nano and micro-sized unregistered businesses in the mass market segment.
- Informal, sole-owned businesses being operated in the name of the business promoter.
- Account serves as an entry into the Business segment.
Features & Benefits
- N1/mille charge only applies when account balance goes below N5,000 or monthly turnover exceeds N5million.
- Allows lodgments of cheques and dividend warrants (in customer’s personal name)
- Easily transit into a full-fledged business account within 3 months to access loans for your business.
- Free business advisory services
- Access to SME Network events & forums.
- Access to online and mobile banking
- Account turnover is factored in when availing business loan to customer post-business registration.
- No Account Maintenance Fee for all Debit Turnover Amounts
- No Monthly Charges
- No Limit on the Number of Withdrawals, etc.
- Easy Access to Loans
- Free Business Advisory Services
- Assistance to Register your company/business name
Current Account
Fidelity Premium Business Account
The Fidelity Premium Business Account (FPBA) is an interest-bearing current account designed for small and medium-scale businesses. In addition to earning interest on the FPBA, MSMEs subscribed to the FPBA also enjoy free transactions subject to the applicable terms and conditions.
The FPBA has two variants:
- Fidelity Premium Business Account Variant 1
- Fidelity Premium Business Account Variant 2
Target Market
- Businesses with 50 – 250 employees.
- Capital of N100million – N1billion, with monthly turnover of N100million.
Features & Benefits
- ₦100,000 minimum account opening/operating balance
- Bank freely at ₦100million maximum monthly withdrawal limit.
- No fixed monthly maintenance charges.
- N1/mille charge only applies when account balance goes below N100,000 or monthly debit turnover exceeds N100million.
- Easy access to loans
- Free business advisory services
- Allows lodgment of cheques and dividend warrants.
- Free initial cheque book
- Access to electronic banking services – cards, internet banking, mobile banking
Target Market
- Well-structured Local Corporates, Microfinance Banks, Schools, Churches, Associations, Health Service Providers, Hospitality Service Providers, HNIs, etc.
Features & Benefits
- ₦500,000 Minimum opening balance
- ₦1million Minimum operating balance
- Zero Account maintenance charge
- N1/mille charge only applies when account balance goes below ₦1million.
- No monthly turnover limit
- Access to a Credit card in favor of promoter or the business.
- Free initial cheque book.
- Free initial cheque book.
- Free business advisory
- Access to loan facilities
- Allows lodgment of cheques and dividend warrants.
- Access to electronic banking services – cards, internet banking, mobile banking and much more.
Current Account
Fidelity Business Plus
The Fidelity Business Plus (FB+) is more than just a bank account. It is a complete business solution for small and medium businesses with a combination of a low-cost enterprise current account and access to the Sage Online Accounting Solution that is designed to enable MSMEs meet the bookkeeping and accounting needs of their businesses.
The Fidelity Business Plus (FB+) Account has two variants:
- Fidelity Business Plus (FB+) Account (Growing/Small Enterprise Variant)
- Fidelity Business Plus (FB+) Account (Established/Medium Enterprise Variant)
- ₦20,000 min. opening/operating balance.
- ₦0.40K account maintenance fee for all debit turnover amounts.
- Allows lodgments of cheques and dividend warrants.
- Allows free access to the Sage Accounting package.
- Allows access to loans.
- No fixed monthly fee.
- Access to electronic banking services.
- ₦50,000 min. opening/operating balance.
- ₦0.30K account maintenance fee for all debit turnover amounts.
- Allows lodgments of cheques and dividend warrants.
- Allows free access to the Sage Accounting package.
- Allows access to loans.
- No fixed monthly fee.
- Access to electronic banking services.
- Automated business processes
- Record keeping & inventory management
- Income statement & balance sheet generation
- Management account preparation
- Expenses and customer management, etc.
For more information, visit the nearest Fidelity Bank branch or email us at true.serve@fidelitybank.ng
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Are you an aspiring entrepreneur or you already have an existing business seeking to grow?
For more information, visit the nearest Fidelity Bank branch or email us at true.serve@fidelitybank.ng
