• Scholarships
  • Immigration
  • Jobs
  • Travel Abroad
  • Loans & Insurance
Search
Bleala
  • Scholarships
  • Immigration
  • Jobs
  • Travel Abroad
  • Loans & Insurance
Home Finance Top 7 Banks For Opening Small Business Accounts In Nigeria
  • Finance

Top 7 Banks For Opening Small Business Accounts In Nigeria

    Share
    Facebook
    Twitter
    Pinterest
    WhatsApp
    ReddIt
    Telegram

Opening a business account is as simple as an English alphabet. Let’s dive in to learn more. 

Table of Contents

Toggle
  • What is a small business account?
  • 1. Guaranty Trust Bank
    • How to Create a Business Account with GTB
  • 2. First Bank of Nigeria
  • 3. United Bank for Africa
  • 4. Zenith Bank
  • 5. Access Bank
  • 6. Ecobank
  • 7. Fidelity Bank
  • Frequently Asked Questions
  • Which bank is the best for small business in Nigeria?
  • Which bank is easy to open business account in Nigeria?
  • Can I open a kuda account for my business?

What is a small business account?

Top 7 Banks For Opening Small Business Accounts In Nigeria

A small business account is a financial account specifically designed to meet the needs of small businesses.

These accounts allow businesses to easily manage their finances, pay suppliers and employees, access cash and credit, and gain insights into their financial performance. Below are legit banks you can open a business account with today. 

1. Guaranty Trust Bank

Guaranty Trust Bank (GTB) is one of the leading financial institutions in Nigeria, offering a range of services including banking, investments, and insurance products. It has grown rapidly since its inception in 1990 and now serves millions of customers across the country. 

GTB’s Small Business Banking solutions provide business owners with access to tailored products and services that help them manage their finances more efficiently and effectively.

How to Create a Business Account with GTB

  1. Visit your nearest GTB branch to open your account.
  2. Fill out the necessary forms and submit relevant documents.
  3. Open your account by making an initial deposit.
  4. Receive your debit card and Internet Banking login details.
  5. Login to the Internet Banking platform to access your account details.
  6. Activate your mobile banking service if needed.
  7. Start managing your funds online with ease.
ALSO READ  How to open a Business Account in Nigeria within 5 minutes

2. First Bank of Nigeria

First Bank of Nigeria is one of the oldest and largest financial institutions in the country, offering a wide range of banking services to both individuals and businesses.

This bank offers Small Business Account is a convenient and cost-effective way for entrepreneurs to manage their finances.

3. United Bank for Africa

The UBA small business account provides a convenient way to manage finances and access banking services.

The account allows customers to carry out banking transactions quickly and securely, with features such as electronic payments, online transfers and mobile banking.

Business Customers can also take advantage of UBA’s financial planning advice, and budgeting tools. With the UBA small business account, customers can also benefit from competitive interest rates and access to credit facilities.

4. Zenith Bank

Zenith Bank is one of Nigeria’s leading banks with a presence in over 10 African countries.

Zenith Bank offers a range of business accounts tailored to meet the specific needs of small businesses.

These accounts allow business owners to access funds, receive payments, transfer money, manage finances, and more. All accounts come with several features, such as online banking, debit cards, mobile banking, overdrafts, and merchant services. 

5. Access Bank

Access Bank’s Small Business Account provides an efficient and affordable way for entrepreneurs and small businesses to manage their financial affairs. 

With this type of account, you can easily transfer money between accounts, make payments, open savings accounts, and apply for loans.

ALSO READ  How to Become Kuda Bank Aggregator and Kuda Bank Agent

It also allows you to access funds in multiple currencies, offering you more flexibility with your business transactions. Additionally, the bank also offers financial advisory services and other support to small businesses.

6. Ecobank

Ecobank is a pan-African bank that provides banking services to individuals and businesses in Africa.

Ecobank’s Small Business Account is designed for businesses with a turnover of less than NGN 10 million.

This account offers a range of services including online and mobile banking, merchant acquiring, and foreign exchange solutions. With the Ecobank small business account, you can easily open an account online and have access to several useful features such as free international transfers and free access to the Ecobank mobile app. 

7. Fidelity Bank

Fidelity Bank’s business account works like any other bank account. It allows you to deposit money into the account and manage your funds with ease.

The bank provides online banking services that allow you to monitor your accounts from anywhere. This helps you stay on top of your finances and manage your business finances efficiently.

Frequently Asked Questions

Which bank is the best for small business in Nigeria?

The best bank for small business in Nigeria is Guaranty Trust Bank (GTB).

Below are three reasons why GTB is the best bank for small business in Nigeria

It offers a variety of features and services which includes: competitive interest rates.

Which bank is easy to open business account in Nigeria?

When it comes to opening a business account in Nigeria, UBA is the bank that makes it easy. 

The bank offers a range of banking solutions tailored for small businesses and entrepreneurs. With its wide network of branches across the country, opening a business account at UBA is a hassle-free process.

To conclude, if you’re looking for a bank that allows easy opening and maintaining of a business account in Nigeria, UBA is the best bank for you.

Can I open a kuda account for my business?

Yes, you can open a Kuda account for your business. 

 

  • TAGS
  • Business Account
  • Small business
    Share
    Facebook
    Twitter
    Pinterest
    WhatsApp
    ReddIt
    Telegram
Previous articleStanbic IBTC Internet Banking and Mobile App Login With Phone Number, Email, Online Portal, Website
Next articlePalmpay Loan: How to Borrow Money From Palmpay App Easily
Seun Kneby

RELATED ARTICLESMORE FROM AUTHOR

Migo Customer

(KwikMoney) Migo Loan Customer Care WhatsApp Number, Phone Number, Email Address, and Office Address. 

Best Banks in Nigeria to Open Savings Account For Kids and Children in 2023

Best Banks in Nigeria to Open Savings Account For Kids and Children in 2023

How to get Palmpay Atm Card

How to get Palmpay Atm Card, Debit Card, and Account Number

How to get DotPay POS

How to get DotPay POS, Login, Charges, Daily Target, Become Dotpay Agent, DotPay POS Customer Care Phone and Whatsapp Number

How To Verify Opay Account or Check Account Number

How To Verify Opay Account or Check Your Opay Account Number

quidax

How to Close, Delete or Deactivate your Quidax Account Easily

Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.

LEAVE A REPLY Cancel reply

Log in to leave a comment

Categories
  • Business Ideas
  • Career
  • Finance
  • Immigration
  • Jobs
  • Loans & Insurance
  • Make Money Online
  • Scholarships
  • Travel Abroad
Subscribe to Recieve the Latest Updates via email

Latest Posts
Green Card Visa Lottery: Simple Ways To Immigrate To The United StatesGreen Card Visa Lottery: Simple Ways To Immigrate To The United States
PalmPay Customer Care: Phone Number, Whatsapp Number, Email Address and PalmPay Contact AddressPalmPay Customer Care: Phone Number, Whatsapp Number, Email Address and PalmPay Contact Address
BVN Code for All Banks: How to Get My BVN Number on My PhoneBVN Code for All Banks: How to Get My BVN Number on My Phone
Moniepoint Signup and Registration: How to Open an Account with Moniepoint, How To Use Moniepoint App for Payments, Sending, and Receiving MoneyMoniepoint Signup and Registration: How to Open an Account with Moniepoint, How To Use Moniepoint App for Payments, Sending, and Receiving Money
List Of All Moniepoint Offices In NigeriaList Of All Moniepoint Offices In Nigeria
List Of All Opay Offices In NigeriaList Of All Opay Offices In Nigeria
  • Home
  • About Us
  • Contact Us
  • Privacy policy
  • Terms and conditions