Prime Bank has introduced an interest-bearing current account 'Prime Lenden' to facilitate cottage, micro, small and medium enterprises (CMSMEs).
This business account is designed to bring unbanked CMSMEs across the country under a formal financial system, doing away with the requirement of an initial deposit to open an account.
Customers will avail interest by maintaining a certain balance in this transactional account, says a press release.
The account offers many facilities like business debit card, secure internet banking facility, transactional alerts via SMS, e-statements, utility payment services via altitude, and money transfers or payments to mobile banking wallets.
Other benefits of Prime Lenden include free 10-leaf cheque book, waiver of inter-branch online charge, free access to ATMs of any banks, periodic e-statement via email, a range of transaction facilities through BEFTN, RTGS, NPSP, DDI and Auto BEFTN, payment of e-commerce transactions via debit card and POS transactions at major shopping outlets.
Commenting on the new offer, Faisal Rahman, Prime Bank's acting managing director and CEO, said: "This unique proposition manifests the bank's strong commitment to grassroots entrepreneurs who need affordable and convenient banking solutions to run their businesses., We believe that the companies will be able to expand their businesses and enhance market shares with the host of benefits on offer. Prime Bank is committed to provide CMSMEs easy access to financing with innovative and tailor-made banking solutions. We know that CMSMEs are critical to the country's economy, so Prime Bank strives to contribute to the government's development journey through entrepreneurship development, especially in the CMSME sector.