Treasury Services:- Do you want to earn Interest on your business proceeds, look no further than FTB’s short-term investment solutions, including: Fixed deposits (FDs): We offer the most competitive rates across your chosen tenors. Call deposits: Unlike FDs which have a definite maturity date, call deposits have an open Tenor/Period, hence recommended for directors investing […]
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Finance Trust Bank provides internet or online banking services which provide customers with the ability to access and manage their banking accounts and transactions over the internet through a secure website provided by the bank. Account monitoring and reconciliation is critical; therefore, you need this service. Call us today on how to set you up.
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The bank provides its services to customers through a network of authorized agents, in addition to its traditional brick and mortar branches. At FTB agent locations, you and your customers are able to make deposits to any FTB account, open accounts, pay utility bills or school fees, and withdraw money. Take advantage of our well
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Overdraft credit facilities allow the account holder to withdraw more money than is currently available in their account, up to a pre-arranged limit. The purpose of overdraft facilities is to provide short-term funding to businesses that have a temporary shortfall in their cash flow. The main benefits of overdrafts are that they are flexible. Overdrafts
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Do you need to make insurance premium payments but do not have sufficient cash flows? The bank offers insurance premium financing, which is a type of lending in which the bank provides funds to the borrower to pay for insurance premiums. The borrower then typically makes regular payments to the bank to repay the insurance
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Bridge financing facilities, also known as bridge loans or interim financing, are short-term financing options that help businesses and individuals bridge a temporary gap in funding. These facilities are typically offered by the bank for various purposes that include:a). Tax payments:b). Business operations such as stock financing, school re-opening and similar expenses. Benefits: Unsecured offers
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Do you need to acquire a specific asset, such as machinery, equipment, generators or vehicles? The bank provides asset financing facilities where the asset itself is often used as collateral to secure the credit facility. Asset financing can be used by businesses and institutions like schools, hospitals and others to acquire assets they need to
Are you a franchisee or a stockist of products from trusted suppliers abroad? You don’t have to constrain your working capital or take a loan to pay for the goods in advance. Finance Trust Bank can issue a standby letter of credit (SBLC) to your suppliers, to serve as liquid collateral upon which they can
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Under the Documentary Collection arrangement (See documentary Credits section for Details)—particularly Documents against acceptance (D/A), the seller/exporter may request an undertaking from the importer’s (buyer’s) bank that they will pay for the goods on the due date. Finance Trust Bank will support you as an importer with this undertaking (technically called Avalization), provided the importer
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This arrangement allows an Importer to pay for goods after getting possession of shipping documents (Documents against Payment (D/P) or to pay at a later date- typically after selling and collecting (Documents against Acceptance (D/A), with FTB playing an intermediary role. Whether you are an importer or exporter, make use of this service to facilitate
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