Salary advance

Salary Earners

Workplace banking is great value for you and your employer. It saves your company money, is convenient and improves employee benefits giving everyone more time to focus on their goals. We offer a wide range of financial services, including transactional accounts, home loans, vehicle and asset loans, and investment options. We will help you maximise your productivity by bringing our unique banking solutions to you at your workplace.

What does it offer you, as an employer?

Our financial services will help your employees to get more for their money, and it also has benefits for your business:

• It provides a straight-to-bank payment system.
• Our business payment solutions are convenient for making payroll and vendor payments.
• It removes the difficulty of making payments to more than one bank.
• You get same-day value for all transactions.
• It eliminates delays associated with clearance of cheques.
• It reduces the time and associated costs of raising paper-based payment instruments.
• There is no risk of losing your money to fraud.
• It has an excellent system of security and controls.
• We can provide you with an on-site ATM.

What does it offer you, as an employee?

You can open a standard current account or a high-yield current account. Both accounts offer a range of benefits, including:

  • A free MasterCard debit card
  • Cheque book on request.

Zero commission on turnover (COT) salary accounts and high-yield current accounts (HYCA) give you:

  • Free access to Internet banking
  • Free telephone banking
  • Free link to Mobile Money wallet
  • Free Mobile Money card
  • Easy access to loan and overdraft facilities.

Salary advance and overdrafts:

  • Are easily accessible with simplified documents.
  • You pay interest only on the amount used daily and not on the full amount of the limit.

Unsecured personal loan (UPL):

  • Loan term can run for up to 48 months.
  • You can repay the loan in full at any time after 60 days without being charged penalty fees.
  • No collateral or security is needed by us.

Vehicle and asset finance:

  • Allows you to lease or buy vehicles and other assets.
  • Term can run for up to 60 months.
  • Structured repayment to suit your cash flow.
  • Maximum 35% of net monthly income for loan service.

Borrowing – long-term:

  • Tailored to meet your long-term financing needs.
  • Gives first-time buyers the opportunity to buy their own home.
  • Gives individuals with existing fully paid up homes the opportunity to raise equity to either buy or develop another property for their own use or business purposes.
  • Equity contribution is required for outright purchase.
  • Affordability is determined subject to monthly income.
  • You can borrow up to 75% of the property’s purchase price.
  • Repayment term can be up to 20 years, depending on your age.


  • Helps you to save in a regular and disciplined way for specific goals and events
  • Defined investment periods (choose from 6, 9, 12, 18 or 24 months)
  • Minimum opening balance of N5 000.
  • Monthly payments start from as little as N5 000.
  • No transaction or management fees.
  • Compulsory monthly standing order or debit order for a minimum of N5 000 from a transactional account or cash deposit.

Education savings account (CHESS):

  • Minimum opening balance of N5 000.
  • Encourages you to save for your children’s education.
  • Cash, cheques and dividend warrants can be paid into account.
  • Withdrawals restricted to once every three months.

Stanbic IBTC Pension Managers Limited:

  • It is a licensed and leading fund administrator (PFA) in Nigeria. The company has over one million individual retirement savings accounts and assets of more than N900 billion under management.
  • For more information, please visit 

Stanbic IBTC Trustees Limited:

  • Provides retail will and trust services to ensure the proper supervision, administration and distribution of wealth to your loved ones.
  • For more information, please visit  


Customer Care Line

0700 333 3333

+234 700 333 3333


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