Business Accounts

Smart Banking Solutions for Growing Small and Medium-Sized Businesses

Types of Business Accounts Offered

Whether you operate as a sole proprietor or a registered company, our Business Accounts are designed to help you manage your finances efficiently, support business growth, and access banking services tailored to your needs.

We offer two account options to suit different business structures:

Normal Business Account (Sole Proprietor)
  • Opened in the proprietor’s name
  • Minimum opening balance: 6,725 XOF
  • Commission on Turnover (COT): 0.0807 XOF per mille
Business Account (Company)
  • Opened in the registered business name
  • Minimum opening balance: 6,725 XOF
  • Commission on Turnover (COT): 0.0807 XOF per mille

To open an SME Business Account, applicants are required to provide:

  • Business Registration Certificate
  • Tax Identification Number (TIN) Certificate
  • Valid identification for the business owner (National ID, Passport, Driver’s License, or Voter’s ID)
  • Two recent passport-sized photographs
  • Completed Know Your Customer (KYC) form
  • National Revenue Authority (NRA) Certificate(s)
  • Monthly account statements available on request to help monitor business cash flow
  • Cheque book facility for convenient business payments and transactions
  • Optional SMS alerts providing real-time account activity notifications
  • Internet Banking access available upon request for secure 24/7 account management
  • Commission on Turnover (COT) concessions available based on qualifying monthly turnover
  • Eligibility to apply for business financing, including loans, overdrafts, and cheque discounting facilities