Product Description
Velaris-Biz Current Account is a cost effective current account designed to help ease payment and cash collection process for SMEs.
Target Market
All registered business can benefit from this account. Suitable for owner managed micro, small and mid-sized companies
Product Features and Benefits
- Bundle account that comes with our alternate channels i.e. (maximum of 5 cards/entity), Internet Banking, Mobile banking(for one signatory account)
- Account opening balance of $ 20,000
- Minimum operating balance of $ 50,000
- No account maintenance fee (AMF or COT) subject to minimum daily operating balance of $ 50,000-No AMF Concessions
- Collection, payment and e-Invoicing platform (Bank3D)
- Cheques are VALID FOR CLEARING
- No limit to turnover and withdrawals
- Business/Financial Advisory
- Access to loans subject to meeting the Bank’s RAAC
