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SME Banking

If you run or manage a Small or Medium Scale Enterprise (SME), then you’ve come to the right place. Our SME Banking leverages partnerships, value add offerings, cost saving banking services, etc, to support your business growth. We provide an array of financing options, financial advisory services inclusive, to ensure your business thrives.


GrowBiz Account

GrowBiz Account

The Keystone Growbiz account is designed to meet the needs

The Keystone Growbiz account is designed to meet the needs of business owners i.e. Sole Proprietors, Partnerships and Limited Liability Companies. The product is available in two variants - Growbiz Gold Account (with minimum balance) and Growbiz Classic Account (No minimum balance). Furthermore, each variant is broken down into three key segments - Individuals, SME/Traders, and Corporates.

Features

S/N

FEATURES

GROWBIZ CLASSIC

GROWBIZ GOLD

1

Opening balance

SME/Traders – N/A

Corporates – N/A

SME/Traders – N50,000

Corporates – N250,000

2

Minimum balance

SME/Traders – N/A

Corporates – N/A

SME/Traders – N50,000

Corporates – N250,000

3

Monthly maintenance fee

SME/Traders – 1,700

Corporates – 2,500

SME/Traders – N/A

Corporates – N/A

4

International banking services

Access to international banking services

Access to international banking services

5

Cheque Book

Access to cheque book duly paid for.

Access to cheque book duly paid for.

6

Credit Facilities

Access to Credit Facilities (Terms and Conditions apply)

Access to Credit Facilities (Terms and Conditions apply)

7

Advisory Services

Free access to capacity building and financial advisory services

Free access to capacity building and financial advisory services

Account Opening Documentation

Individual

Micro, Small and Medium Enterprises and trader

Corporate

Account opening package

Dud Cheque Pledge Form

2 references (current account holders only)

Utility Bill

BVN from customer,

Visitation report and KYC form

Passport photograph of the signatory

Mandate card

Copy of valid ID of the signatory

=N=50 Postage stamp


Account opening package

Certificate of Registration

Form of application for registration of business name

Utility Bill

2 confirmed references

Passport photograph of the signatory

mandate card

Copy of valid ID of the signatory

Letter of Introduction

Tax Identification Number

Dud Cheque Pledge Form

BVN from customer

Visitation report & KYC form

=N=50 Postage stamp

SCUML (DNFBPs only)


Account opening package

Certificate of Incorporation

Certified True Copy of Memorandum and Articles of Association

Certified True Copy of form CO7 & form CO2

Utility Bill

2 confirmed references

Passport photograph of each signatory & mandate card

Copy of valid ID of each signatory

Board resolution, signed by a Director and Secretary

Tax Identification Number

Stamp Duty(sign across the stamp)

Dud Cheque Pledge Form

BVN from signatories,

Visitation Report & KYC form

SCUML (DNFBPs only)

=N=50 Postage stamp

Corporate Current Account

Corporate Current Account

This is a current account designed for registered business

This is a current account designed for registered business to carry out day-to-day financial activities and banking transactions.

Features
  • Minimum opening balance of N10,000
  • No minimum operating balance
  • N1 per mille monthly CAMF fees
  • Issuance of cheque books (valid for clearing)
  • Account can be used to access loans
  • No limit to number of withdrawals
Requirements
  • Duly filled and signed account opening form
  • BVN from signatories
  • Documentary evidence of address for the company e.g utility bill
  • 2 references (corporate entities only)
  • 2 passport photographs
  • Valid means of identification of each signatory
  • Residence Permit (where applicable)
  • Certificate of Incorporation / Business Registration
  • Forms CO7 and CO2
  • Memorandum and Articles of Association
  • Board resolution
  • Tax Identification Number
  • SCUML certificate (DNFBPs
Domiciliary Account

Domiciliary Account

Keystone Bank Domiciliary Account is a current account

Keystone Bank Domiciliary Account is a current account denominated in foreign currency designed for registered companies.

Features
  • Account can be denominated in Dollars, Pounds or Euros
  • Minimum opening balance of 100 Dollars, 100 Euros or 100 Pounds
  • Zero minimum operating balance
  • Competitive interest rates
  • Issuance of cheque book (not valid for clearing)
  • No maintenance fee
  • No limit to number of withdrawals
  • Access to Keystone Bank debit/credit card
  • Access to safe and secure E-Banking services & Channels - Mobile Banking, Internet Banking for international and local funds transfer
Requirements
  • Duly filled and signed account opening form
  • Valid means of identification
  • Documentary evidence of address
  • 2 references
  • BVN
  • Passport photograph
  • Mandate card
Domiciliary Extra Account

Domiciliary Extra Account

Keystone Bank Domiciliary Extra Account is a foreign

Keystone Bank Domiciliary Extra Account is a foreign currency denominated account that is targeted at Limited Liability Companies.

Features
  • Account can be denominated in Dollars, Pounds or Euros
  • Minimum operating balance of 1,000 USD, 1,000 GBP or 1,000 EUR
  • Issuance of personalized chequebooks (not valid for clearing)
  • Zero transfer charge
  • Competitive interest rates
  • Access to Keystone Bank debit/credit card
  • Access to safe and secure E-Banking services & Channels - Mobile Banking, Internet Banking for international and local funds transfer
Requirements
  • Duly filled and signed account opening form
  • Valid means of identification
  • Documentary evidence of address
  • 2 references
  • BVN
  • Passport photograph
  • Mandate card

Asset Financing for MSMEs

Asset Financing for MSMEs

Through the MSME Asset Finance scheme, Keystone Bank

Through the MSME Asset Finance scheme, Keystone Bank proffers a solution to support SMEs in the acquisition and purchase of fixed assets to seamlessly run their businesses.

Features

Tenor

6 – 36 months

Single Obligor Limit

Minimum Loan Amount – N500,000

Maximum Loan Amount – N20,000,000

Repayment source and structure

  • Business proceeds
  • Other income sources of the business/promoter

Target Market

All SMEs operating in various sectors such as Trade, Information Technology, Services, Food and Beverages, Fashion and Beauty, Agro-processing, Fitness and Wellness, Event Management, General Commerce etc.

Keystone School Support Loan

Keystone School Support Loan

The Keystone School Support Loan is designed to provide

The Keystone School Support Loan is designed to provide access to affordable finance for privately owned and registered educational institutions including Crèches, Nursery, Primary, Secondary and Tertiary Schools in Nigeria.

Features

Tenor

Maximum Tenor of 36 months for Asset Financing and

12 months for Working Capital Financing.

Loan Limit

Minimum of N500,000;
Maximum of N20,000,000 for Asset Financing and

N5,000,000 for Working Capital

Obligor Limit

N20,000,000 (covering both Working Capital + Asset Financing)

Loan Purpose

Instalment loan to meet working capital & asset financing needs of schools. These include purchase of lab equipment, school bus, generators, computers, payment of salaries, school renovation & beautification, school inventory etc.

Savings Extra Account

Savings Extra Account

Savings Account Xtra is a savings account that functions

Savings Account Xtra is a savings account that functions like a current account. The product is designed for Individuals, Businesses, Clubs, Associations, Religious Organizations, Cooperatives and NGOs.

Features
  • Opening balance of N5,000 for individuals, and N10,000 for businesses.
  • Minimum balance of N5,000 for individuals, and N10,000 for businesses.
  • Interest rate of 1.15% per annum. (Terms and conditions apply)
  • Zero maintenance fee
  • Issuance of Verve and MasterCard debit cards
  • Issuance of non-clearing cheque booklets
  • Allows lodgment of clearing cheques & dividend warrants
  • Third party withdrawals using cheques not valid for clearing
  • Access to E-banking products - Cards, USSD, Mobile banking & Internet banking
Requirements

Individual

Micro, Small and Medium Enterprises and trader

Corporate

  • Duly filled and signed account opening form
  • Valid means of identification
  • 1 completed reference form
  • Documentary evidence of address
  • BVN from customer
  • Passport photograph of the signatory
  • Mandate card
  • Copy of valid ID of the signatory
  • Duly filled and signed account opening form
  • Certificate of Registration
  • Form of application for registration of business name
  • Documentary evidence of address for the business
  • 1 completed reference form
  • Passport photograph of each signatory
  • Mandate card
  • Copy of Valid means of identification of the signatory
  • Tax Identification Number
  • BVN from customer
  • SCUML certificate (DNFBPs only)
  • Duly filled and signed account opening form
  • BVN from signatories
  • Documentary evidence of address for the company e.g utility bill
  • 1 completed reference form
  • 2 Passport photographs
  • Valid means of identification of each signatory
  • Residence Permit (where applicable)
  • Certificate of Incorporation / Business Registration
  • Forms CO7 and CO2
  • Memorandum and Article of Association
  • Board resolution
  • Tax Identification Number
  • SCUML certificate (DNFBPs only)
Trade Finance

Trade Finance

We Deliver Customer-focused Trade Finance Solutions. At

We Deliver Customer-focused Trade Finance Solutions. At Keystone Bank, we understand that no two businesses are the same. We provide services to fit dynamic trade finance needs and unique backgrounds throughout the trade cycle.Differentiation of Trade InstrumentsOur customers' instruments requirements are differentiated according to instrument size, duration, payment structure, rating of confirming and advising banks, as well as the relationship between our customer and the beneficiary.Complexity of the Trade SpaceWe are aware that the Trade Finance space may seem complicated for customers who are more focused on their Manufacturing/Commodities/Aviation and Agricultural business. Keystone Bank, therefore, collaborates with stakeholders including appointed brokers and representatives of these customers to best arrive at a dynamic and suitable financing solution.

Features
  • Bank Guarantee (BG)
  • Documentary Letter of Credit (LC)
  • Standby Letter of Credit (SBLC)
  • Documentary Collections.
  • Trade Advisory Services and Intermediations.
  • Global Coverage
  • Export Receivable Discounting Facility-ERDF
  • Import Finance Facility-IFF

Keystone Bank maintains a global footprint through a strong correspondent banking network and key strategic alliances with multilateral agencies and development finance institutions.
Risk Mitigation

We are a compliant organisation with strict adherence to all KYC/AML policies and procedures in trade. All Letters of Credit issued and advised by Keystone Bank follow the rules pursuant to UCP 600, URC 522, URDG 758 or ISP 98. Keystone Bank does not advise or issue instruments that do not meet the regulations in the listed rules.

Competition

Our customer service orientation, flexibility, global coverage, rates and experienced team produce our competitive edge in the market.



We are open 24 hours, Monday through Sunday to handle enquiries. You can reach us on +234 700 2000 3000 or email us at [email protected]

ActivCollect

ActivCollect

ActivCollect is Keystone Bank's proprietary collection

ActivCollect is Keystone Bank's proprietary collection platform built on our robust technology for collections across our branch network. The technology enables us customise secure cash collection solutions that help businesses manage liquidity, control payments, and reconcile accounts efficiently while monitoring real-time from any location.