Features & Benefits
GTMax has 3 variants:
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GT Max Silver
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GT Max Gold
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GT Max Platinum
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Minimum opening amount
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150,000
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500,000
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1,000,000
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Minimum account balance
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100,000
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250,000
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500,000
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Interest rate
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Same as the Bank's savings account interest rate.
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0.75% above the Bank's savings account interest rate.
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1% above the Bank's savings accounts interest rate.
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- You pay Zero COT*
- You earn interest** if you maintain the agreed minimum balance.
- Cheque books on all GTMax accounts are FREE!
- You earn more because you will get higher interest rates up to 1% above the Bank's savings account rate
- GTMax is a non borrowing account (There will be no credit facility of any kind on this account).
- Allows you to pay in all clearing instruments i.e. cheques, dividend warrants e.t.c.
- The GTMax cheques you issue can be paid into any bank.
- The account can be used as a salary account.
- Free access to all our services: on-line/ real time banking, SMS banking and e-banking (both Internet banking & banking via ATMs).
* In any month you make more than 5 withdrawals, a Commission on Turnover (COT) charge of =N=5/mille will apply on all transactions for the month.
** If you withdraw below the minimum account balance in any month, you will forfeit the interest benefit on the account for the month and COT will be charged at =N5=/mille on all transactions for the month.
Documentation Required
INDIVIDUALS
- 1 Passport photograph of authorized signatories.
- Copies of acceptable means of identification (Driver's License, International passport, National I.D Card, and any other acceptable identification document deemed fit by the Bank).
- Two (2) duly completed and suitable reference forms.
- Copy of utility bill issued within the last three months
SMALL BUSINESS AND LIMITED LIABILITIES COMPANIES
- 1 Passport photograph of authorized signatories.
- Copies of acceptable means of identification (Driver's License, International passport National I.D card, and any other acceptable identification document deemed fit by the Bank).
- Duly completed signature account opening form.
- Two (2) duly completed and suitable reference forms.
- Copy of utility bill issued in the last three months
- Small businesses are to submit Certificate of Registration of Business Name and form 2.
- Limited liability companies are to submit certificate of incorporation, form CO7, and memorandum & articles of association (MEMAT).
- Constitution, partnership deed, trust deed etc to be submitted for other types of accounts