First City Monument Bank (FCMB) Limited has launched its Personal Business Account (PBA) Product as part of its commitment to boost its customers businesses.
The Executive Director, Lagos and South-west of the Bank, Femi Bakre, said the product was designed to guarantee and give customers peace of mind in the course of their businesses, adding that the product is accessible to traders and merchants with business and personal accounts in an event of fire and flood.
According to him, “as a bank, this is one of our products we are showcasing when you talk about customer focus. This particular product is expected to take care of traders and merchants because when trading, there are some unexpected hazards which include fire and flood.
“We have considered the concern of our customers and we decided to offer with a reliable and dependable ally Cornerstone insurance to provide insurance cover for any such hazards that may happen to any of our customers.
Bakre explained that the bank would insure to the limit of N1 million but in cases where the goods exceed that value they would link customers to the insurer to cover the excess, adding that “We don’t charge more than N1500 unlike the conventional per pay turn over that competitor are charging.”
Also speaking, FCMB’s Divisional Head, Retail Banking, Olu Akanmu, said the product offers unique benefits to customers. He informed that customers can obtain MasterCard and Visa Card linked to their accounts and use the cards to make purchases when they travel abroad.
In her comment, the Iya Oloja General of Nigeria, Folashade Tinubu-Ojo, described the FCMB Personal Business Account as, “a brilliant one” and urged business owners to patronise it, pointing out that it will safeguard them that from hazards that usually leads to the collapse of businesses.
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