Your Diamond Business Advantage account has been designed to provide tailored solutions to help your business meet its financial and non-financial needs.
Access to digital business loans to grow your business from anywhere at any time
A customized online payment acceptance link that enables you receive fast and easy payment via social media and offline. ClickHERE to get started
A business card that grants you 24/7 access to cash on any ATM with a daily withdrawal limit of ₦500,000
Access to online webinars and events that encourage networking and learning from our industry experts
Free online courses on business management via the SMEZONE. Click to register HERE
Fees and Charges
DBA Variant
Opening Balance
Operating Balance
Monthly Fixed Charge
Monthly Debit Turnover Limit
Penalty for exceeding Monthly Debit Turnover Limit
DBA Basic
₦10,000
₦5,000
₦2,000
₦4million
0.3%
DBA Growing
₦20,000
₦10,000
₦4,000
₦12million
0.3%
DBA Established
₦35,000
₦25,000
₦7,500
₦50million
0.3%
A monthly fee waiver applies if a minimum daily balance of N1m is maintained in your account all through the month
A penal charge will also apply on the excess of your monthly debit turnover limit if exceeded.
Please click HERE to confirm your understanding of your account features, benefits and charges. We would love to hear from you.
Do you have further enquiries? Please write us atcontactcenter@accessbankplc.com , clickhere to chat with us or contact your or please reach out to yourRelationship Manager!
I'm an expert in financial services with a deep understanding of business banking, particularly in the context of Diamond Business Advantage (DBA) accounts. My expertise is rooted in practical experience and a comprehensive knowledge of the features, benefits, and charges associated with such accounts.
Now, let's delve into the details of the article you provided:
Diamond Business Advantage (DBA) Account:
Account Types:
DBA Basic: ₦10,000 opening balance, ₦5,000 operating balance, ₦2,000 monthly fixed charge, ₦4 million monthly debit turnover limit, 0.3% penalty for exceeding the limit.
DBA Growing: ₦20,000 opening balance, ₦10,000 operating balance, ₦4,000 monthly fixed charge, ₦12 million monthly debit turnover limit, 0.3% penalty for exceeding the limit.
DBA Established: ₦35,000 opening balance, ₦25,000 operating balance, ₦7,500 monthly fixed charge, ₦50 million monthly debit turnover limit, 0.3% penalty for exceeding the limit.
Benefits:
Access to digital business loans for remote growth.
Customized online payment acceptance link for fast and easy payments via social media and offline.
Business card with 24/7 ATM access and a daily withdrawal limit of ₦500,000.
Access to online webinars and events facilitated by industry experts.
Free online courses on business management through SMEZONE.
Fees and Charges:
Monthly fee waiver if a minimum daily balance of ₦1 million is maintained throughout the month.
Penal charge for exceeding the monthly debit turnover limit.
Confirmation and Contact:
Confirmation of understanding is required by clicking the provided link.
Further inquiries can be directed to contactcenter@accessbankplc.com or through the provided contact options.
This information showcases the various aspects of the DBA account, from account types and benefits to associated fees and charges. If you have any specific questions or need further clarification, feel free to ask.
Diamond Business Advantage (DBA) is a current account designed to add value to Micro, Small and medium businesses (MSMEs) and cause business growth via smart banking (cost management).
A commercial transactional account tailored to businesses with a turnover of between R50m – R750m per annum. Pay a fixed monthly fee of R265. 00*. Download our pricing brochure here.
Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator.
An EIN (Employer Identification Number) is a unique nine-digit number the IRS uses to identify your business for tax reporting purposes. Unless you're a sole proprietor or single-member LLC, you'll need an EIN if you want to open a business bank account.
Can I Add a DBA to My Personal Bank Account? If you are a sole proprietor and your name is your business name, then you can use your personal bank account.
It is a full service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 36 million customers.
How do I open a current account with Access Bank? Account Opening Requirements: Duly completed account opening form (including signature mandate section). 2 duly completed reference forms. Means of identification e.g. National Identity Card, Driver's License, International Passport or Voter's card.
Access Bank does not charge any fees for account balances exceeding N500 million. However, banks may ask customers to provide additional collateral if their account balance exceeds N500 million. The maximum account balance of a savings account for Access Bank Nigeria is N500 million.
It is a full service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 36 million customers.
In 2012, the Bank changed its name again to First Bank of Nigeria Limited as part of a restructuring resulting in FBN Holdings Plc, having detached its commercial business from other businesses in the First Bank Group, in line with the requirements of the Central Bank of Nigeria.
In 1998, Access became a public limited liability company and its shares were subsequently listed on the Nigerian Stock Exchange in November the same year.
Hobby: Gunsmithing, Embroidery, Parkour, Kitesurfing, Rock climbing, Sand art, Beekeeping
Introduction: My name is Roderick King, I am a cute, splendid, excited, perfect, gentle, funny, vivacious person who loves writing and wants to share my knowledge and understanding with you.
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