NOVA SMEPlus
Get NOVA SMEPlus, a current account built for businesses that move.
About NOVA SMEPlus
The NOVA SMEPlus Account is a business banking solution designed for Small and Medium Enterprises (SMEs) across sectors such as FMCG distribution, fintech startups (0–5 years), retail, education, hospitality, and healthcare. It is tailored to support growing businesses by offering flexible account options that match different transaction volumes, business sizes, and cash-flow needs, while also providing incentives such as interest on idle balances.
It is built for businesses like yours. Whether you’re:
- Expanding a retail or distribution business
- Scaling your hospitality or healthcare brand
- Leading an educational institution or nonprofit cause
- Managing a church, mosque, association, or NGO
- Running a tech startup or service-driven SME
NOVA SMEPlus gives you the financial tools to grow, manage, and operate efficiently.
- Welcome Gift Card
Enjoy a free gift cardwhen you subscribe to the SMEPlus Max variant. - Free POS Terminal
With instant settlement, SIM cards, mobile data, and paper rolls. - Timely Cheque Book clearing
- Free Utility Card (Max Variant)
First issuance included to simplify your bill payments. - Earn Up to 2% Interest
Grow your business funds with up to 2% intereston average balance (Max variant). - Zero Account Maintenance Fee
No charges—just maintain the required balance to enjoy this benefit. - Designed for SMEs across multiple sectors
- Tiered account structure based on business size and transaction needs
- Earns up to 2% interest on idle balances
- Flexible account operations to support business growth
- Access to internet and mobile banking
- POS incentives for business transactions
- Supports efficient cash-flow management and scalability
NOVA SMEPlus is flexible — choose the version that suits your business size and ambition:
SMEPlus Mini – Enjoy no Account maintenance charge if:
- Minimum Balance: ₦200,000
- At least 30 POS credit transactions weekly
SMEPlus Midi – Enjoy no Account maintenance charge if:
- Minimum Balance: ₦500,000
- At least 40 POS credit transactions weekly.
Enjoy Fast Payments, Instant Settlement and 24/7 support.
Document Requirement
For SMEs & Businesses:
Tier 1, Tier 2 & Tier 3
- Certificate of Incorporation (CAC)
- Memorandum & Articles of Association (MEMART)
- CAC Status Report (CAC 1.1)
- Board resolution authorizing account opening
- Valid means of identification for directors/signatories
- Passport photographs of directors/signatories
- Proof of business address (utility bill)
- Proof of residential address of directors/signatories
- BVN and NIN of directors/signatories
- Tax Identification Number (TIN)
For Associations & Nonprofit Organizations:
Tier 1, Tier 2 & Tier 3
- Duly signed account opening form
- Constitution
- Minutes of the last meeting authorizing account opening
- Proof of address (Utility bill)
- Passport photographs of signatories
- Two references
- BVN & NIN of signatories
- SCUML Certificate (if applicable).
Open a NOVA SMEPlus Account to get started today
You’re just a few clicks away from smarter, simpler business banking. Or visit any NOVA Bank branch near you.