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Diamond School Advantage

The Diamond School Advantage is a Zero COT Current Account designed specifically for Private Schools registered in Nigeria.

It is a low-cost account for schools to carry out their banking and business transactions with ease and security.

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What type of school is eligible for Diamond School Advantage?

Any of the following categories of schools registered with a recognizable body such as the CAC and/or Ministry of Education.

Creches/
Pre-Schools
Nursery/
 Primary Schools
Secondary
 Schools

Benefits

  • Fixed Banking Fees that suits their cash flow cycle
  • Affordable minimum opening balance
  • Access to lending products e.g. asset finance, personal loans for staff etc..
  • Access to School Fees Loan for Parents.
  • Sponsorship Opportunities.
  • School Fees Collection Platform.

Opening Requirements:

  • Executed MSME Account opening Form.
  • Executed School Banking Consent Form
  • N10,000 Minimum Opening Balance.
  • 2 Passport Photos for each Signatory.
  • Copy of Valid ID Card (Driver's License/ Int. Passport/Nat.ID)
  • 2 References.
  • Certificate Of Incorporation /Any other Valid Registration Certificate from the Ministry of Education.
  • Memorandum and Articles of Association (where applicable).
Features
MINIMUM OPENING BALANCE₦10,000
MINIMUM OPERATING BALANCE₦10,000
COTNOT APPLICABLE
TERMLY SERVICE CHARGE$100
ANNIVERSARY DATES (SERVICE CHARGE)-September 30th (First Term)/ January 31st (Second Term)/May 31st(Third Term)
MONTHLY DEBIT TURNOVER LIMITNO LIMIT ON MONTHLY DEBIT TURNOVER
CASH DEPOSIT POLICYONLY CBN POLICY IS APPLICABLE
DEPOSIT OF OBC/DIVIDENDYES
CHEQUE BOOKFREE ON FIRST ISSUE ONLY
DEBIT CARDNO
ONLINE BANKINGYES
MOBILE BANKINGYES
CREDIT CARDNO
ACCESS TO LOANSYES
CUSTOMIZED DEPOSIT SLIPSUPON CUSTOMER REQUEST AND SUBJECT TO TERMS AND CONDITIONS.

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