Access Bank — Nigerian Full-Service Commercial Bank

Access Bank is a full-service commercial bank and a wholly owned subsidiary of Access Holdings Plc. It serves customers through a network of more than 700 branches and service outlets. The bank groups its offering into personal and corporate banking products and services, covering savings accounts for children, personal savings, retirement planning and business lending.

• Wholly owned subsidiary of Access Holdings Plc
• More than 700 branches and service outlets
• Personal and corporate banking products

The bank organises its offering into a set of named categories that appear across its site. These cover day-to-day banking, savings and investment, borrowing, international payments and business services. Related propositions include agency banking through Access CLOSA, cross-border transfers via AccessAfrica and PAPSS, and the “W” Initiative for women.

• Everyday Accounts and Business Accounts
• Kids & Teens
• Saving & Investing
• Diaspora Banking
• Money Transfer and FX Products
• Bancassurance
• E-Solutions & Services
• CBN Healthcare Sector Loan
• The “W” Initiative

Access Bank offers accounts for local and international use. The Domiciliary Account supports sending, receiving and transferring funds in currencies such as dollars, pounds, euros and yen, and is available to both individual and corporate customers. The Diaspora Current Account is designed for individuals living outside Nigeria, with a ₦10,000 minimum opening balance and zero minimum daily balance. The Early Savers Account is a savings account for children aged 0–18, including unborn children, opened and operated by parents in trust, while the Access Money Account is a mobile wallet opened via *901*10#.

• Domiciliary Account — current and savings variants in USD, GBP, EUR and JPY
• Diaspora Current Account — ₦10,000 minimum opening, cheque booklet, overdraft for qualifying customers
• Early Savers Account — from ₦1,000 opening balance, 7.95% p.a. interest, four withdrawals a month without losing interest
• Access Money Account — mobile wallet with bill payment, transfers, debit cards and mini statements

Several loans are delivered without branch visits, documentation or collateral, using USSD codes and digital channels. Payday Loan is an instant product for salary and non-salary earners, applied for via *901*11#, *426*11#, internet banking, WhatsApp banking, the Access Mobile App or the QuickBucks app. Lending Against Turnover (LATO) targets non-salary account holders with a banking relationship of at least six months, with a maximum of 30% of six-month average monthly turnover up to ₦700,000. The Cash-Backed Loan, dialled on *901*11*2#, is open to customers with unmatured qualifying fixed deposit investments.

• Payday Loan — up to 75% of monthly salary, maximum ₦2,000,000, 7% flat interest
• LATO — 10%–13% monthly interest, 90-day tenor, maximum ₦700,000
• Cash-Backed Loan — up to 85% of investment held, maximum ₦10,000,000, up to 12-month tenor
• QuickBucks app available on Google Play and the iOS App Store

The bank also runs application-based loans for larger or specific purposes. The Auto Loan finances pre-owned vehicles up to ₦200 million and brand-new vehicles up to ₦400 million, with repayment of up to 60 months, equity contribution from 10% of invoice value and a special interest rate for women-owned businesses and female salary earners. Advance for School Fees provides up to ₦20 million over up to 12 months for tuition at primary, tertiary and professional levels, with proceeds paid directly to the beneficiary school. Maternal Health Service Support (MHSS) covers fertility treatment, natal support, paediatric care, cancer treatment and other procedures, with up to ₦10 million and no loan fees.

• Auto Loan — approved dealer network, pre-liquidation allowed without penalty
• Advance for School Fees — refinancing available where fees were paid out of pocket; applications to schoolfeesadvance@accessbankplc.com
• MHSS — access to a network of partner fertility clinics and health service providers in Nigeria

HealthXtra is a healthcare coverage plan offered in partnership with Hygeia HMO and aimed at children, students, employees, government establishments, corporate organisations and individuals. Standard cover is quoted at ₦8,500 per annum, with a HealthXtra Seniors variant and a corporate variant. Enrolees can use more than 1,300 hospitals nationwide, and the plan runs for one year and is renewable annually. Subscription requires a funded savings or current account, followed by registration and payment of the subscription fee.

• Partnership with Hygeia HMO
• Over 1,300 provider hospitals nationwide
• Cover includes consultations, pharmacy, laboratory and diagnostics, accidents and emergencies
• Age limits of 60 for standard HealthXtra and 80 for HealthXtra Seniors

Customers can reach the bank by telephone, email or in person at a branch. The contact centre numbers are +234 700 300 0000 and +234 1 271 2005, and enquiries can be emailed to contactcenter@accessbankplc.com. Loan liquidation requests may also be made at any Access Bank branch.

• Phone: +234 700 300 0000 or +234 1 271 2005
• Email: contactcenter@accessbankplc.com
• In person at any Access Bank branch