In addition to the above listed specially designed schemes and services, Stallion Home has distinguished itself in the packaging and presentation of traditional banking services through flexible and customer friendly offerings in the following areas:
ORDINARY SAVINGS ACCOUNT: FEATURES/BENEFITS
- Offers an ideal way of saving small sums on a regular basis with ease.
- Mostly suitable for individuals or personal customers although may be operated by corporate bodies and others.
- Two (2) Passport photographs required to open account.
- Completion of Savings Account mandate.
- Minimum prescribed initial deposit of N1,000
- Evidence of identity – Driving License, International Passport or Identity card
- Minimum balance to be retained in account – presently fixed at N1,000
- Notice of withdrawal is not required for Savings accounts.
- Savings deposit attracts competitive interest rate
CURRENT ACCOUNT: FEATURES/BENEFITS
- Sometimes referred to as Running or Demand Deposit Accounts
- Applicable to Individuals, Enterprises, Corporate bodies, Associations, Clubs etc.
- Completion of Current Account mandate
- Two (2) passport photographs of signatory
- Two (2) references required from persons operating current account in any bank
- Evidence of identity of signatory
- Minimum Initial deposit of N5,000
- Allows lodgment of cheques and other instruments.
- Allows third party transactions, withdrawals and cheque clearing services without physical presence of account holder facilitated by our Cash Management Service.
- Facilitates access to Overdraft and other types of credit facilities.
- Provision of monthly statement of account to record detailed transactions.
FIXED DEPOSIT ACCOUNT: FEATURES/BENEFITS
- Usually aimed at attracting lump sum deposit from individuals and corporate bodies.
- Minimum formal ity for account opening
- Minimum deposit of N100,000, though, smaller sums may be accepted
- Flexible contractual terms: Call, 7-days, 30days, 60days, 90days, 180days and 360days.
- Attract competitive interest rates which are closely linked to money market rates
- Interest rates are also negotiable.
- Higher interest rate may be offered on longer tenored deposits.
- Interest is accrued on daily basis and payable at the end of the deposit period.
- Deposit may be used as collateral for credit facilities
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