Diamond Bank is one of the new generation Banks with a difference. The Bank has a number of account types both current and savings available at the disposal of everyone. These account types are designed for various class of people for different goals.
In this piece, we shall take a look at one of the special type of account available in Diamond Bank. Its Business express account and all that you need to know about it. If this is your search, kindly read through till the end because we’ve got you covered. Let’s get started.
What Is Diamond Bank Business Express account?
Diamond Bank Business Express account is a Bank account specifically designed for Micro, Small and Medium Enterprises (MSME). It is a way by which Diamond Bank is offering support for the advancement of entrepreneurs and their businesses. So if you are an entrepreneur, you may want to get on board.
Through this account type, Diamond Bank offers Micro, Small and Medium Enterprises low cost of business transactions, zero Commission on Turnover (COT), access to working capital and a very modest fixed monthly fee. All of these are targeted at helping to develop the entrepreneurial spirit.
The fixed fee per month is the same with all businesses. The size of your business will determine your payable fixed amount. For small businesses, the fee is N3,000 with monthly turn over of about N12m and daily free cash up to N1m. For medium business, N6,000 fixed fee with monthly free turnover of N40m and about N2m daily free cash while micro businesses have fixed fee of N1500 with monthly free turnover of N4m monthly and N0.5m daily free cash up.
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Benefits Of Diamond Bank Business Express Account
There are tremendous benefits available just by operating a Diamond Business Express account that will give you value as an entrepreneur. They include:
- Access to business development seminars
- Ability to own a website for your business at very affordable price
- Ability to obtain business loans easily
- Availability of personal credit cards
- Access to both business and financial advice
- Networking with like minded entrepreneurs
- Access To Diamond Business Club
- Access to Business Newsletter
- Access to Enterprise Guide
Please note that some of these benefits are accessible upon operating the account for a period of at least three (3) months especially loan acquisition.
How To Open Diamond Bank Business Express account
To open Diamond Bank Business Express account, you must be an entrepreneur and your business must fall within the categories either as micro business, small or medium business. Next is to gather your business documents, personal details with personal documents like passport photographs, valid means of identification etc and walk into any Diamond Bank branch to open an account for yourself.
For further enquiry, please get into any Diamond Bank and navigate to the customer care stand and make your enquiry there. Best of luck!