Nations Trust Bank PLC

Nations Trust Bank PLC operates across several key segments in Sri Lanka. It serves Consumer, Business, Treasury & Investment, and Digital Banking needs. The bank features unique offerings like the FriMi digital banking ecosystem. It also provides 365-day branch banking. The trilingual biometric Mobile Banking App enhances customer access.

Consumer Banking Services

Nations Trust Bank offers several savings accounts. The Nations Saver account provides 2.0% p.a. interest on daily balances. Nations Mega Saver includes tiered rates up to 3.5% p.a. It requires a minimum opening deposit of LKR 100,000. Nations Salary Saver has zero minimum balance and auto-links salary credit via GIRO. Nations Max Bonus Savings offers a +0.5% bonus for average balances over LKR 500,000. The Personal Current Account needs a LKR 20,000 minimum opening balance. It includes a cheque book with MICR encode.

Investment products are also available. Nations Personal Investment Plan offers a guaranteed 8% p.a. for a tenor of 1 to 10 years. Nations Foreign Currency Investment Plan features fixed FCY term deposits. It includes an auto-rollover option. The Inward Investment Account (IIA) supports dual-currency balances. Its principal is repatriable. The Outward Investment Account (OIA) allows non-resident remittance credit. Worker Remittance Savings offer up to 2.5% p.a. on LKR-denominated remittances.

The bank provides various loan facilities. Nations Personal Loan has a maximum tenure of 5 years. It carries a floating rate linked to SLFR + 3%. Nations Vehicle Loan offers LTV up to 85%. It includes a fixed interest rate for the first year. Nations Home Loan has an LTV up to 75%. The tenor can extend up to 20 years.

Nations Trust Bank issues multiple credit cards. The American Express Explorer Card has AMEX global acceptance. Its billing cycle is 25-50 days. American Express Platinum Card requires a minimum credit limit of USD 5,000. It features an EMV chip and contactless technology. American Express Gold Card offers an annual fee waiver on spends over LKR 1 Million. It allows up to 3 supplemental cards. World Mastercard includes 3-D Secure and dynamic CVV for online transactions. Platinum Mastercard has a minimum credit limit of LKR 250,000. Its currency conversion fee is 1.99%. The Chip & PIN Travel Card supports loading USD/EUR/GBP. It features offline PIN verification. Nations Shopping Card offers merchant NET settlement. It includes a split-payment facility. Inner Circle Membership provides priority banking with an RM-to-client ratio of 1:30. It gives a preferential FX spread of ±0.1%. Private Banking requires an AUM threshold over LKR 25 Million. It assigns a dedicated Portfolio Analyst.

Business Banking Solutions

For businesses, Nations Trust Bank offers tiered SME packages. Nations Business Banking includes Platinum, Gold, and Silver tiers. Each tier provides dedicated RM support and transaction fee caps. The Mastercard Business Card has a credit period of up to 50 days. It supports segregated expense categories. Nations Business Investment Planner uses a yield optimisation algorithm for laddered tenor FX deposits. Trade & Supply Chain Finance offers buyers credit up to 180 days tenor. It includes letter of credit issuance via API-integration. Leasing & Hire Purchase provides LTV up to 90%. It tracks automated depreciation schedules. The Business Foreign Currency Account (BFCA) supports multi-currency balances. It auto-sweeps to LKR at the CBSL spot rate. Corporate Current Account offers multi-signature mandate support. It handles cheque truncation. Fixed Deposits allow auto-renewal flags. Early withdrawal incurs a 0.5% penalty of principal. Money Market Savings auto-sweep to FD at preset thresholds. It provides an overnight liquidity rebate.

Cash and fund management solutions are available. Cash Management Solutions offer sweep-in/out thresholds. They provide a real-time liquidity dashboard. Foreign Currency Transactions Management facilitates spot/forward FX deals. This occurs via the Online FX Platform and SWIFT MT 300 support. Payroll Solutions support NCSL file direct upload. It uses batch-secure token authentication. Cash & Cheque Collection services include MICR-coded cheque receivables. It uses real-time GPS-tracked cash vans. Inter-Bank Transfers support RTGS/SLIPS via Direct Connect. This ensures ISO 20022 compliance.

Digital & Specialized Services

The bank offers extensive digital banking. FriMi is a fully digital banking ecosystem. It features a trilingual UI and real-time PFM categorisation. The Nations Direct Mobile Banking App uses biometric (FaceID/TouchID) login. It supports single sign-on across digital channels. The Digital Self-Onboarding Platform (DSO) uses Video-KYC with DRP NIC verification. It facilitates OCR document upload. Nations Nova is a digital-first account. It provides virtual debit card issuance and account-to-account sweep integration. The bank also offers Extended Banking Hours & 365-Day Branch service. This includes automated teller scheduling. Real-time queue SMS alerts are provided.

Specialized services include Treasury, Investments & Fund Management. Structured Finance & Syndications involves Tier-1 investor pool aggregation. It uses SWAP overlay risk hedge. Working Capital Finance features revolving LC discounting. It uses cash-flow-based covenants. Retail & Corporate Fixed Income offers Demat account integration. It includes cumulative yield options. Asset-Liability Management provides gap analysis with quarterly rebalancing. It uses duration matching algorithms. Bancassurance Products facilitate unit-linked plan settlement via CSV upload. They allow policy e-endorsement.