TraderLite account by Access Bank – how it works and the benefits

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TraderLite account is launched by Access Bank for small businesses to operate their businesses with their individual name or registered business name with distinct benefits. In a bid to improve its portfolio of supports for small and medium scale businesses Access Bank launches Traderlite. Access Bank believes that small businesses and medium scale businesses are the future of the Nigerian economy.

TraderLite account is born out of this idea as they intend supporting small businesses. Access bank looks at its customers beyond being just customers but also as partners.

The Diamond Business Advantage proposition from Access bank has been designed to add value to Micro, Small and Medium scale business owners so that they can grow their businesses with smart banking. The proposition provides SME’s market linkages, increased referral base and networks that enable them scale the hurdles of accessing new markets for their products.

How does Traderlite Access Bank Work?

Simply put, its about opening a new account named traderslite. All you need to do is work down to any nearby access bank and request to open a new account Traderslite.

Benefit of TraderLite to Small businesses

TraderLite like we said above is designed to add value to Micro, Small and Medium scale business owners so that they can grow their businesses with smart banking.

The benefits it holds include the following:

  1. Convenience
  2. Affordability
  3. Less documentation
  4. Easy access to loan

TraderLite has two variants namely: DBA TraderLite Individual, which is for individuals with unregistered businesses and DBA TraderLite Business, for registered businesses.

Networking sessions such as business clubs, business clinics, and business seminars enable MSME customers expand their referral base through interacting with other MSMEs.

“The proposition provides SMEs market linkages, increased referral base and networks that enable them scale the hurdles of accessing new markets for their products.”

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