Stanbic IBTC Bank Business Account

Business Banking Account


This is a special current account designed for small businesses with an annual turnover of less than N60 million. It can be opened with N10 000.

  • 25% discount on selected capacity building courses.
  • You enjoy free access to internet banking and free e-mail alerts
  • You are also automatically eligible to open a domiciliary account


  • You pay a current account maintenance fee of N1 for every N1, 000 debit
  • You pay a Federal Government of Nigeria stamp duty charge of N50 for transactions above N1, 000
  • A completed account opening form. Please download here (PDF)
  • Two completed reference forms.
  • Referees must be corporate account holders and not officers of the company or related companies
  • Two signature cards filled in by each signatory to the account
  • Two recent clear passport photographs of each signatory to the account with their names written on the back
  • Any of valid international passport, driver’s license, permanent voter’s card or National ID card of each signatory
  • Proof of residential address (e.g. utility bill issued in the last three months)
  • Resident permit (where applicable)