Diamond School Advantage

The Diamond School Advantage is a Zero COT Current Account designed specifically for Private Schools registered in Nigeria. It is essentially a low cost account for schools to carry out their business transactions.

What type of schools are eligible for Diamond School Advantage?

Any of the following categories of schools registered with a recognizable body such as the CAC and/or Ministry of Education.

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Creches/Pre-Schools

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Nursery/Primary Schools

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Secondary Schools

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Benefits

  • Fixed Banking Fees that suits their cash flow cycle
  • Affordable minimum opening balance
  • Access to lending products e.g. asset finance, personal loans for staff etc.
  • Access to School Fees Loan for Parents
  • Sponsorship Opportunities
  • School Fees Collection Platform
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Account Opening Requirements

Features

MINIMUM OPENING BALANCE₦10,000
MINIMUM OPERATING BALANCE₦10,000
COTNOT APPLICABLE
TERMLY SERVICE CHARGE₦6,000
ANNIVERSARYDATES (SERVICE CHARGE)-September 30th (First Term)

-January 31st (Second Term)

-May 31st(Third Term)

MONTHLY DEBIT TURNOVER LIMITNO LIMIT ON MONTHLY DEBIT TURNOVER
CASH DEPOSIT POLICYONLY CBN POLICY IS APPLICABLE
DEPOSIT OF OBC/DIVIDENDYES
CHEQUE BOOKFREE ON FIRST ISSUE ONLY
DEBIT CARDNO
ONLINE BANKINGYES
MOBILE BANKINGYES
CREDIT CARDNO
ACCESS TO LOANSYES
CUSTOMIZED DEPOSIT SLIPSUPON CUSTOMER REQUEST AND SUBJECT TO TERMS AND CONDITIONS.

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