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Sterling Bank launches free accounts for startups

Sterling Bank has introduced a startup proposition for small start-up businesses in the country. The new proposition offers free banking services for businesses in the…

Sterling Bank has introduced a startup proposition for small start-up businesses in the country. The new proposition offers free banking services for businesses in the first three years of their registration and incorporation.

The bank, in a statement by its Chief Marketing Officer, Mr. Henry Bassey, noted that most small business owners currently avoid opening and operating bank accounts for their businesses due to high cost of running such accounts.  

The benefits of the new proposition, according to the bank includes zero opening balance; zero daily account balance; zero penalty charge; zero monthly service charge/ account maintenance fee etc. 

The proposition is valid for three years only and automatic migration to appropriate account type will be done at the end of the 36th month of running the account.

“Small Business” owners who open this account will be entitled to free transactional (SMS and email) alerts; free debit card; free cheque book (1st issuance); free business advisory helpdesk; free business/accounting software solution (first 6 months); reduced business registration cost, mobile banking and Internet banking services.

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