SPRING BANK INTRODUCES A REPACKAGED COTPLUS PRODUCT
Released on 29 Jan 2010
SPRING BANK INTRODUCES A REPACKAGED COTPLUS PRODUCT
Spring Bank Plc has re-introduced its COTPlus product in a re-packaged form designed to give its customers added value.
The re-introduction, which is accompanied by a refreshed radio jingle running on key radio stations in the country as from Monday February 1, 2010, is to reward both corporate and individual customers with high turnover activity on their accounts.
Rather than pay charges on transactions, also better known as COT, the customer is paid COT for the high activity on his account by the bank, thereby, minimizing his transaction costs.
The Spring Bank COTPlus is a non-borrowing current account that is indeed highly sought after by high net worth customers, like trading companies, Non-Governmental Organisations (NGO)s, non bank financial institutions like insurance firms, Bureau De Changes and pension funds admistrators (PFAs) as well as government parastatals.
With a minimum and operating balance of N100, 000 (One Hundred Thousand Naira) only, the repackaged COTPlus product is coming with relaxed terms to the extent of a 100 percent more withdrawal opportunity than in its previous form, in addition to other such current account attributes, which include lodgment of all clearing instruments, access to telephone, internet banking and money transfer within the bank’s branch network.
