Qard

Salary Account – Individual (LOTUS SIGNATURE PRODUCT)

Target

  • Individuals in paid employment

Benefits

  • Personalized Account Number
  • Zero Account Opening Balance
  • Unlimited number of Withdrawals (daily limit subject to regulations)
  • Unlimited Deposits
  • USSD Banking
  • Zero Account Maintenance Charge
  • Zero minimum balance
  • Access to withdrawal on any bank ATM (first 3 transaction on other bank ATM free)
  • One Month free banking safe for regulatory charges & collectibles
  • Access to various Payday Finance products
  • Limit on ATM Card to purchase household items from select stores (Murabah/Ijara Services)
  • No Profit is shared

Value Add

  • Partnership with Employers
Salary Account – Individual (LOTUS SIGNATURE PRODUCT)
SME Account (LOTUS SIGNATURE PRODUCT)
Qard

SME Account (LOTUS SIGNATURE PRODUCT)

Target

  • SMEs with large Collection & Turnovers
  • Average Monthly Turnover of – NGN10,000,000

Benefits

  • Personalized Account Number
  • Zero Account Opening Balance
  • Free POS (T&C Applies)
  • Unlimited number of Withdrawals (limit subject to regulations)
  • Unlimited Deposits
  • Free cheque book on request
  • One month free banking safe for regulatory charges & collectibles
  • Access to Working Capital Finance
  • Access to Salary Finance
  • Dedicated USSD Collection String
  • Bespoke Business Solutions
  • Salary Account with free debit cards for employees
  • Business Growth – Partnership with LOTUS for onward lending to verified Customers
  • No profit is shared with customer

Value Add

  • Investment Advisory
  • Fund Management services
Qard

Cluster Account

Target

  • Religious Bodies
  • Cooperative Societies
  • Educational institutions
  • Associations
  • Social Clubs
  • Etc.

Benefits

  • Personalized Account Number
  • Zero Account Opening Balance
  • Group Savings
  • Group Investments
  • Access to collection Solutions
  • Free POS (T&C Applies)
  • Access to Finance for Investments, Acquisitions and Expansion
  • Access to Free Business Advisory/Consultation
  • Unlimited number of Withdrawals (daily limit subject to regulations)
  • Unlimited Deposits
  • Access to Digital Banking Channels
  • Zero Account Maintenance Charge
  • Zero minimum balance
  • One Month free banking safe for regulatory charges & collectibles
  • Dedicated USSD Collection String
  • No Profit is shared

Value Add

  • Investment Advisory
  • Fund Management services
Cluster Account

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