FCMB Offers Free Banking Services to SMEs
First City Monument Bank (FCMB) Limited
has introduced free banking transactions for a period of three months
for its new customers operating in the SMEs segment.
With this, the operators would enjoy banking services without charges.
According to the bank, the offer was
aimed at encouraging Nigerians to take active interest in
entrepreneurship, while also assisting new and existing SMEs to overcome
some of the challenges they usually face, especially at the take-off
stage.
In a statement, the financial services
provider explained that to qualify for the free three months banking
incentive, an SME is required to open an FCMB Business Account and sign
up for a business debit card at any of its over 200 branches spread
across the country. The benefits of this value-added offering includes
no banking charges on local transactions, free account maintenance and
monthly flat charges, free cheque books, free printing of account
statements and free bank drafts.
According to the Divisional Head, Retail
Banking of FCMB, Mr. Olu Akanmu, three months free banking from FCMB to
SMEs was another demonstration of the bank’s value as a helpful
financial institution committed to helping businesses to thrive in this
challenging time.
“FCMB is committed to helping Nigerians
and their businesses to succeed even in this challenging time. We
support them with simple, easy to use transactional products and
services that help them to manage their cash and collections efficiently
while supporting them in their aspirations to build successful
businesses,” he said.
While pledging that the bank would
continue to develop solutions to support its customers, he urged SMEs to
effectively position their operations by taking advantage of the unique
opportunities in the FCMB free three months banking as a springboard to
take their businesses to the next level.
“FCMB has continued to offer products,
services and other incentives to stimulate and deepen such businesses in
a sustainable manner.
“The lender is one of the top
participating banks appointed by the Central Bank of Nigeria (CBN) to
drive the N220 billion Development Fund instituted by the apex
regulatory institution to provide loans to SMEs,” the bank added.
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