BUSINESS BANKING - Prime Vanguard Trust Bank

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Better business banking with Prime Vanguard Trust Bank

An unrivalled financial partner for all your business and corporate requirements.
At Prime Vanguard Trust Bank, you are assured better business banking

With over 60 years of commitment to encouraging and supporting business growth in United Kingdom, there is no better bank in the country to trust with your important financial affairs.

No matter what size you are – startup, sole trader, entrepreneur, small / medium business or a national or international corporation, we have the experience, understanding, products and services to meet your needs.

We offer everything you could need in a financial partner, with a variety of products and services, including international money transfer, overdraft facilities, bulk cash collection, trade finance, payroll solutions, business advice, internet banking and more.

We believe great business is built on great relationships, so we take the time to get to know you and your business and establish a long and prosperous partnership with you.

Our team of experienced professionals go beyond a friendly smile and a warm welcome to ensure all your business needs are met to the highest standards.

Business and Merchant Acquiring products & services also include;

– Point Of Sales Services (POS)
– Online Payment Gateway service (E-commerce Acquiring)

Business Savings Account

Revolutionize your banking experience with Prime Vanguard Trust Banks’ Standard Savings Account. It is an account that requires the account holder to make regular deposits for future use.

Qualifying Criteria
All individuals above the age of 18 years

Here is what you’ll get with your Standard Savings Account

Interest-bearing account
Funds can be accessed with the use of digital channels (Cards, USSD, Mobile App, Internet Banking)
Availability of SMS Alert, e-Alert and e-Statement
Up to 4 withdrawals in a month in-branch. (Extra withdrawals attract a fee)
Access to mobile app services

Things to know

Account is opened with an initial deposit and operated with a minimum balance
Accounts always assume a credit balance
Account holders must be present at the branch to eﬀect over-the-counter withdrawals
Account attracts a monthly e-service charge

Benefits for the customer

Money grows over time as interest is paid monthly on account balance
The account balance can serve as collateral for a loan
A stepping stone for a long-term investment
24/7 access to accounts using digital channels
Receive payments and remittances locally and from abroad
Free withdrawals via PVTB ATM terminals
Free e-Alert and e-Statement

Requirements

Completed Account Opening Form
EU Identity Card / UK Passport / UK Identity Card
One passport-sized picture
Initial deposit
Proof of residential address e.g. utility bill (not more than 3months old) / employer’s reference (Security Services)/ income tax certificate/ tenancy agreement / third-party confirmation form

Foreign Currency Account (FCA)

Say goodbye to currency conversion hassles and hello to a world of opportunity with our Global Currency Account. Experience the convenience of offshore banking without leaving your shores – because your financial journey knows no borders.

Overview
It is a current account tailored for customers’ international transaction needs, operated in USD, GBP or EUR and funded exclusively from sources outside the country

Qualifying criteria
All individuals over 18 including: UK Citizens and Expatriates

Here’s what you will get with your FCA

Withdrawals can be made in local currency (GBP) at the prevailing exchange rate or in the currency of the account

Customized cheque book for easier payments

Things to know

Opened in USD, GBP or EUR it is a current account that does not accept cash deposit over the counter

It can only be funded with remittances from abroad or from other foreign currency accounts

Cash withdrawals will attract a specified percentage fee of the face value of the amount

Benefits for the customer

Helps to facilitate foreign transactions.

Helps to hedge against currency fluctuation

Reduced transaction cost on foreign payments

Enjoy access to internet and mobile banking services

Requirements

Completed account opening form

Proof of identity (EU Identity Card / UK Passport / UK Identity Card)

Proof of residential address e.g. utility bill/ employer’s reference (Security Services)/ income tax certificate/ tenancy agreement / third-party confirmation form

One passport-sized photograph

Initial deposit

Company Profile

Prime Vanguard Trust Bank is focused on providing exceptional services that affords clients with convenience whiles meeting their banking needs.

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