Business Premium Account
Our business is growing yours
We understand the need for mid-size corporate businesses to have the right kind of liability products
and services that cater to their unique banking needs. Our Business Banking service is designed to
help your business to steadily grow and thrive.
Business Premium account is tailor-made for corporates who typically achieve annual sales revenues
of between $1Bn and $5Bn and offers unique benefits for businesses looking to optimize their finances.
Whether you're just starting to explore your options or are ready to make an offer, we provide flexible financing solutions, competitive rates, and personal guidance to walk you through every step of the journey. Our experienced team is committed to helping you navigate the process with confidence.
Product Features
- Zero Current Account Maintenance Fee (CAMF) for monthly turnover less than $400million ($1 per mille will apply for monthly turnover above $400mm)
- Minimum opening balance – $500,000.00
- Minimum operating balance – $500,000.00
- Free corporate card and cheque book (first issue)
- Access to Loans & Advances (terms and conditions apply)
- Access to financial advisory and business tools on GTBank ResourceHub
- Easy access to other complimentary services
Eligibility Criteria
- Available to only corporate account customers
- Corporate customer must have verifiable turnover in the band $1BN - $5BN supported by audited financial statements or management accounts
Why Your Business Needs Its Own Bank Account
- Legal Protection If your business is a separate legal entity (like an LLC or corporation), mixing personal and business funds can “pierce the corporate veil.” That means you could become personally liable for business debts or lawsuits. Keeping finances separate helps protect your personal assets.
- Tax Simplicity A business account makes it easy to track income and expenses, which simplifies bookkeeping and tax filing. No more sorting through personal transactions to find business ones.
- Professionalism Paying vendors or receiving payments under your business name builds credibility and trust. It shows you’re serious and legitimate.
- Business Credit Using a business account helps you build your company’s credit profile. That’s important if you want to apply for a loan or line of credit later.
- Compliance: Some business structures, like LLCs and corporations, are required to keep finances separate. A business checking account helps ensure you’re following the rules.
