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
COT NOT APPLICABLE
TERMLY SERVICE CHARGE ₦6,000
ANNIVERSARYDATES (SERVICE CHARGE) -September 30th (First Term)

-January 31st (Second Term)

-May 31st(Third Term)

MONTHLY DEBIT TURNOVER LIMIT NO LIMIT ON MONTHLY DEBIT TURNOVER
CASH DEPOSIT POLICY ONLY CBN POLICY IS APPLICABLE
DEPOSIT OF OBC/DIVIDEND YES
CHEQUE BOOK FREE ON FIRST ISSUE ONLY
DEBIT CARD NO
ONLINE BANKING YES
MOBILE BANKING YES
CREDIT CARD NO
ACCESS TO LOANS YES
CUSTOMIZED DEPOSIT SLIPS UPON CUSTOMER REQUEST AND SUBJECT TO TERMS AND CONDITIONS.

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