• Who we are
    • Our group at a glance
    • Our values and code of ethics
    • Reasons to choose us
    • Our leadership
    • Our subsidiaries

    Stanbic IBTC is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Nigeria and abroad.

    Find out about:

    • Our financial results
    • Our strategy and vision
    • Our global presence
    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909

    All our products and services are based on a set of values that uphold the empowerment of our customers. Both internally, and in daily engagement with the our clients we foster transparency, innovation, accountability and superior service.

    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909

    Why should you choose us as your financial services partner?

    For you, the answer to this question may be the final piece to closing an important deal or with simply starting a business relationship that helps move you forward. We are happy to give you 5 simple reasons:

    • Your transactional needs are covered
    • Your borrowing needs are swiftly met
    • Savings and investments are our forte
    • Our assurance services will make you feel secure
    • Big businesses trust us
    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909

    Stanbic IBTC is not an abstract legal entity. We are our people.

    Find out about:

    • Our Board of Directors
    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909

    We aim to offer universal banking capabilities to individuals, small-to medium-sized businesses, corporates, financial institutions and internationals.

    Find out about  our subsidiaries.

    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909
  • Why we matter
    • Our sponsorships
    • Our achievements

    Our sponsorship initiatives promote community upliftment through the support of sporting, art and music events, teams, festivals and clinics. We strive to nurture growing talents and to aid local communities to grow in their chosen fields.

    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909

    We are proud to be a part of what’s happening in Nigeria. By fostering growth opportunities on the continent, we believe that hands across borders will continue to strengthen business in Nigeria.

    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909
  • What we do
    • Our business

    We are a universal bank and full- service financial group offering transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management and advisory services.

    • Personal and Business Banking
    • Corporate and Investment Banking
    • Wealth
    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909
  • What's happening
    • Newsroom

    Get local and international financial report, analysis, commentary, banking news and all the stories you want to know. We will also help you keep up with the latest news from Stanbic IBTC offices across Nigeria.

    Contact us
    LOCAL 0700 909 909 909

    INTERNATIONAL +234 700 909 909 909
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Stanbic IBTC Bureau de Change
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Stanbic IBTC Bureau de Change (SIBDC)

Who We Are
Stanbic IBTC Bureau de Change (SIBDC), a subsidiary of StanbicIBTC Bank was incorporated in December 2012 and licensed to commenced operations at its Walter Carrington, Victoria Island Head Office on April 17, 2014 following the Central Bank of Nigeria approval. Stanbic IBTC Bureau de Change is a member of the Association of Bureau de Change Operators of Nigeria (ABCON). The Bureau de change business in Nigeria is principally regulated by the Central Bank of Nigeria (CBN). The CBN has publications commonly known as circulars and pronouncements which impact the activities of this business.
Service and Offerings
Stanbic IBTC Bureau de Change has focused on processing Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). These activities are included in the permissible operations for bureau de change in Nigeria. Stanbic IBTC Bureau de Change will continue to trade in foreign exchange and make travel allowance available for our customers until otherwise advised.
Travel requirements for PTA & BTA

Personal Travel Allowance (PTA)

Business travel allowance (BTA)

Personal Travel Allowance (PTA) limit of USD4,000 is accessible per calendar quarter (January to March, etc.) to each traveler round the year. The underneath are required to purchase PTA from SIBDC:

 

  • Nigerian International Passport of the traveler.
  • Valid VISA to the country of destination.
  • Valid flight ticket to the country of destination.
  • StanbicIBTC Bank account number of the traveler, traveler’s spouse or joint account inclusive of the traveler.
  • Traveler’s Bank Verification Number (BVN).

Business travel allowance (BTA) limit of USD5,000 is accessible per calendar quarter to each traveler round the year. The underneath are required to purchase BTA from SIBDC:

 

  • A letter of Introduction/Authority to debit from the company introducing the members of staff travelling, amount to pay to the travelers in USD, company account number to debit and the letter duly signed by the authorized signatory to the companies account with the Bank.
  • Invitation letter/document from oversea business partner showing the trip is business related.
  • Copy of certification of the business registration or incorporation for the company of the traveler
  • Nigerian International Passport of the traveler.
  • Valid VISA to the country of destination.
  • Valid flight ticket to the country of destination.
  • Traveler’s Bank Verification Number (BVN).
  • Traveler’s company I.D card.
Find Us

IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos.

  • Who We Are
  • Service and Offerings
  • Travel requirements for PTA & BTA
  • Find Us
Stanbic IBTC Bureau de Change (SIBDC), a subsidiary of StanbicIBTC Bank was incorporated in December 2012 and licensed to commenced operations at its Walter Carrington, Victoria Island Head Office on April 17, 2014 following the Central Bank of Nigeria approval. Stanbic IBTC Bureau de Change is a member of the Association of Bureau de Change Operators of Nigeria (ABCON). The Bureau de change business in Nigeria is principally regulated by the Central Bank of Nigeria (CBN). The CBN has publications commonly known as circulars and pronouncements which impact the activities of this business.
Stanbic IBTC Bureau de Change has focused on processing Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). These activities are included in the permissible operations for bureau de change in Nigeria. Stanbic IBTC Bureau de Change will continue to trade in foreign exchange and make travel allowance available for our customers until otherwise advised.

Personal Travel Allowance (PTA)

Business travel allowance (BTA)

Personal Travel Allowance (PTA) limit of USD4,000 is accessible per calendar quarter (January to March, etc.) to each traveler round the year. The underneath are required to purchase PTA from SIBDC:

 

  • Nigerian International Passport of the traveler.
  • Valid VISA to the country of destination.
  • Valid flight ticket to the country of destination.
  • StanbicIBTC Bank account number of the traveler, traveler’s spouse or joint account inclusive of the traveler.
  • Traveler’s Bank Verification Number (BVN).

Business travel allowance (BTA) limit of USD5,000 is accessible per calendar quarter to each traveler round the year. The underneath are required to purchase BTA from SIBDC:

 

  • A letter of Introduction/Authority to debit from the company introducing the members of staff travelling, amount to pay to the travelers in USD, company account number to debit and the letter duly signed by the authorized signatory to the companies account with the Bank.
  • Invitation letter/document from oversea business partner showing the trip is business related.
  • Copy of certification of the business registration or incorporation for the company of the traveler
  • Nigerian International Passport of the traveler.
  • Valid VISA to the country of destination.
  • Valid flight ticket to the country of destination.
  • Traveler’s Bank Verification Number (BVN).
  • Traveler’s company I.D card.

IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos.

Can travelers buy on a one-way ticket?

Yes, if the travelers are:

  • Holders of valid student VISA.
  •  Holders of Immigrant VISA
  • Holders of residence or work permits
  • Holders of citizen’s passport of the country of destination
Can SIBDC process a transaction in any other Bank branch?

No, SIBDC can only process at our registered office at IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos.

Does the client have to come with original travel document?

Yes, the traveler has to come with the International passport and in the case of a BTA,the letter of Introduction/Authorization inclusive.

Can PTA be processed for a traveler without a StanbicIBTC bank account
No, except on the traveler’s spouse account with the Bank. An account is required to be debited for the purchase.
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