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The Alternative Bank, a member of the Sterling Financial Services Holding Company, has unveiled the AltElite product suite and Gold Card offering.
The AltElite product offers high-value investment opportunities which extend a gold-backed credit line equivalent to 120 percent of a gold coin’s value (which is equal to 50 grams of gold) for a 90-day tenor.
This, the bank said, provides unparalleled financial flexibility and is designed to align with the sophisticated needs of its clientele.
In addition, The Alternative Bank issues both debit and credit Gold Cards as part of
the AltElite Product suite. The credit card is uniquely linked to customers’ gold
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investments, seamlessly integrating spending power with wealth growth opportunities while the debit card is linked to clients’ accounts. This offering provides unmatched convenience and underscores the bank’s innovative approach to combining financial tools with investment security.
Mohammed Yunusa, Director, Digital Products & Innovation, shared his enthusiasm about the product: “We have reimagined AltElite with a focus on personalization and accessibility. With features like interest-free liquidity solutions and bespoke investment opportunities, this ensures our customers experience the future of banking today.”
The gold card complements AltElite with advanced spending power, personalized rewards, and global acceptance. It also offers exclusive travel perks, enhanced purchase protection, and access to premium services, ensuring that every moment of the customer experience is elevated.
Chidinma Akanle, Group Head of Private Banking & Wealth Management, elaborated: “The Gold Card is more than a financial tool; it is a gateway to a sophisticated lifestyle.
With access to over 1,200 airport lounges, enhanced spending power, and bespoke rewards, it has been meticulously designed to complement the ambitions and lifestyle of our esteemed clientele, elevating their experiences in every aspect.”
