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10 Best Banks For Business Accounts In Nigeria

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Regardless of whether your enterprise is large or small, you will still require an enterprise account. When you have a company account, it will first keep your money secure.

Apart from that, you can have records of all money transactions, bookkeeping, tax reporting, money transfers, and so on. As a result, it will be important to choose the best bank in Nigeria, where you can take advantage of their banking services.

In this regard, we will list some of the top commercial banks in Nigeria, where you may be confident to open an account for your enterprises.

These commercial banks offer different services to clients with corporate accounts.

Reliable Banks for Business Account In Nigeria

Here are a few reliable banks in Nigeria to count on for your enterprise account. You can locate these banks across various Nigerian cities.

  • FirstBank NGN

The first bank dates back to 1894. It is not just the first banking institution in Nigeria, but all over Africa.

As a result of the long history of the bank, it has been one of the best and reliable banks in terms of client services in Nigeria. In case you desire to know how reliable this bank is, it has over 900 branches across the continent of Africa including some countries in Europe.

A portion of the enterprise accounts you can open with Firstbank includes the first premium term deposit, domiciliary account, fixed deposit account, current account, first current account plus, and so on.

You can also enjoy operating with this bank because there are some additional offers they offer to customers with corporate accounts like loans for your business, electronic transaction, easy payment and deposit, mortgage, and much more.

  • Zenith Bank PLC

Zenith Bank offers an enterprise account that suits clients with small and medium-sized enterprises. As a matter of fact, when you open an account with them, you will receive a personal account manager.

Both residents and foreigners benefit from the profitable and reliable banking services from this bank because it has been one of the leading commercial banks in the country.

Some of the enterprise accounts Zenith bank made available include accounts for associations, sole proprietorship, limited liability companies, and much more.

Their business services are not only limited to customers in Nigeria but to other countries too.

  • Guarantee Trust Bank

Your business account is highly secured when dealing with GT bank in Nigeria. If you are unaware, GT enterprise Account is officially designed to help and motivate Nigerians with small enterprises.

Regardless of whether you are Nigerian or not, you can access all of their banking services, including electronic transactions, current accounts, savings, etc.

Some of the accounts you can unfold for your enterprises with GT bank include GT Max account, GT bank current account, domiciliary account, enterprise account, and so on.

But that’s not all; you can also have access to SME banking, loans, workshops, and much more.

  • United Bank for Africa

UBA is one of the reliable banks not only for commercial accounts but also for personal accounts as well. They provide banking opportunities for enterprise owners at home and abroad.

In addition, you can have access to certain services such as resources to boost your enterprise like loans, plus a few tips and strategies for the enterprise.

Some of the enterprise accounts you can open with UBA include a normal current account, independent current account, professional account, Diaspora account, i.e. an account for foreigners.

When you have one of these accounts, you can enjoy SME banking, money transfer, savings, and other forms of Internet banking.

  • Stanbic I.B.T.C. Bank

Even though you are out of Nigeria, you can still open your enterprise account with Stanbic Bank at a very low cost. That’s right; they made arrangements for a non-resident account.

Wherever you are in the world, you can access all the services and manage your account.

If you have an enterprise account with Stanbic Bank, you can easily have access to loans, mortgages, credit and debit cards, savings, and much more.

  • Access Bank

If you are looking for an enterprise account that you will execute at a low cost in Nigeria, then Access Bank is right for you.

In addition to their low fees, they also create opportunities that will make your enterprise better. This is the reason why they are among the best commercial banks in Nigeria when it comes to enterprise accounts.

Some enterprise accounts Access bank offers include MPower Biz account, gold current account, domiciliary account, corporate account, and so on.

  • Standard Chartered Bank Nigeria

If you want to take advantage of the best exchange rate when doing enterprise abroad, then visit this bank for your enterprise account.

Standard Chartered bank will be suitable for those who wish to do enterprise outside of Nigeria due to their low exchange rate, regardless of whether you have a small, medium, or large company.

Again, you can also arrange for a personal account with Standard Chartered.

  • Union Bank

It is one of the most ancient commercial banks in Nigeria since 1917. Having an enterprise account with union bank is definitely not a bad idea.

It’s because you can access trade finance, loans, proper account management, local trade, and so on. If you also have an interest in farming matters, Union Bank can help you with that.

  • First City Monument Bank

FCMB is one of the reliable banks in Nigeria that highly welcomes an enterprise account. Whatever the size of your operations, you can access all the offers of this bank.

Some of these offerings include microcredit, stock brokering, trusteeship, asset management, custodial services, and foreign exchange, and so on.

  • Eco bank

You cannot name the banks with one of the best commercial accounts in Nigeria and omit Eco bank.

They provide some banking services such as capital markets, cash, wholesale, retail, financial institutions, Internet banking, and so on.

Once you have a bank account with them, you can take advantage of all these services.

These are essentially some of the most reliable banks and you can set up an enterprise account in Nigeria. They offer opportunities to small, medium, and large enterprises.

All you do now is select the bank that you feel will best serve your enterprise and go for it.

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