Enterprise Bank introduces new account
Enterprise Bank Limited has launched a new product called Enterprise Boost Account to boost the growth of Small and Medium Scale Businesses (SMSBs)
The product was designed to immensely reduce the cost of doing business given the great environmental challenges that SMSBs face in their operations like unstable power supply, poor transportation systems, paucity of skilled manpower, among others.
from spokesperson of the bank Mr Igwe U. Igwe said the Enterprise Boost Account is in two major categories, namely, Classic Boost Account and Premium Boost Account with opening balances of N20,000 and N50, 000 respectively.
While the Classic account is targeted at SMSBs with annual turnover of N240million, the Premium boost account is for businesses with annual turnover of N480million.
Other high point benefits of the new product are access to a MasterCard debit card, free monthly e-statement of accounts, flexible account management, own company’s website at a discounted rate, access to short/long term loans, internet and mobile banking facilities as well as wide network of branches nationwide.
According the statement, the latest development was part of the efforts of the bank to support small scale businesses and build them up to solid enterprises so as to contribute their quota as the engine of economic growth in our society.