It isn’t just about opening a student account in in Nigeria, what matters is knowing the maximum amount for uba student account.
With the maximum amount, you can attain if it is okay for you to open a uba student account or probably go for another bank.
However, it seems all banks in Nigeria have the same maximum amount for a student account here in Nigeria. That I will discuss in this post on the uba student account limit.
What is the maximum amount for uba student account
The amount amount for uba student account is N300,000 and it can’t exceed the amount. Student account in Nigeria is a tier one bank account and mostly limited to three hundred thousand naira.
Please as I said it is a tier one bank account doesn’t mean it is an instant account, they differ a lot. Instant account will be created using a mobile phone, and no ID or even bvn is required.
While student account requires a school ID or acceptance fee receipt to open the account. Later on the student will enroll for a bank verification number to complete the account creation.
Let me repeat again, maximum amount for uba student account is three hundred thousand naira and this is applied to other banks in Nigeria. You don’t have to bother with an utility bill or any other ID apart from your school ID card or acceptance fee receipt if you don’t have a ID card yet.
Now you have know the uba student account limit, now is the requirements to open the uba student account here in Nigeria.
Let’s proceed with that.
Requirements to open uba student account
According to united bank for Africa;
Our Student Account is your first step towards financial independence. If you are an undergraduate between the ages of 16 to 25, this account is designed to help you make the most of your money.
The uba student account requirements includes the followings;
- A passport
- School ID, acceptance fee receipt or the school recipient, or nin ID card if you have any
- The student must be between 16 to 25 years of age
These are the requirements needed from an individual to open a uba student account. Also, you can open the account with or without bank verification number (bvn).
If you opened the student account with uba bank, you will be asked to enroll for a bvn in order to make transactions like withdrawal, transfer, bill payments etc using your uba student account.
If you’re okay with the maximum amount for uba student account, you should go ahead and open a savings account with the bank. There are two ways to open a student account with uba, one is by going to the bank, while the other is through online.
Note I recommend you to open a uba student account if the bank is inside your school or within your school premises. If there’s no uba around or within your school premises, please kindly ignore opening a bank account unless you want to do so.
How to open uba student account
To open uba student account by going to the bank, kindly go along with the mentioned requirements. Don’t bother if you don’t have a bank verification number (bvn) as the bank will later enroll you for it.
Please make sure you go with your school ID, or school fees receipt, or acceptance fee receipt.
You will be issued an account opening form to fill and hear in mind that it is a tier one bank account, and also the maximum amount for uba student account is three hundred thousand naira.
Kindly fill out the form with the necessary details or information and your uba student account is ready. Mind you, it is a zero type of account.
What I mean by that is you don’t have to open the account with any money or amount of money, it is hundred percent free. However, you will need to fund the account in order to keep it active. Maximum amount for uba student account.
To open uba student online account, you will have to go through this link. If you have a bvn, select open with BVN, and if you don’t have a bank verification number, select open without bvn by tapping on the button.
Mind you, whether you open a student account with or without a bvn, uba student account limit is the same.
Let’s say that you don’t have a bank verification number, and tapped on the button for it. On the next window is a form to open an instant rather than a student account.
Get ready your passport cause you will need to upload it to the uba student online account form. Kindly go through the form carefully and fill all required from you especially the one marked with a red asterisks.
For the signature part, sign a signature using any of the apps for android or iphone, save the signature and upload it to the space provided for it. After you’re done and everything is correct, tick to sign the indemnity form. If you want to open an internet account, also tick the box.
As you’re done, tap on the submit button.
Within 24hrs, the bank will send your bank account number to the phone number used in opening the account. If you don’t have a bank verification number, immediately enroll for it and it must be done right inside the bank.
To open a uba student account, I recommend you going to the bank to open the account than using the online platform. And again, the maximum amount for uba student account is three hundred thousand naira.
Not happy with the uba student account limit?
Incase you’re not happy with the maximum amount for uba student account, I recommend you to open a standard savings account. It is the best type of savings account in Nigeria and there’s no limit or any maximum account balance.
To open a standard savings account in Nigeria, you only need an ID like the permanent voter’s card, nin ID card, driver’s license, or international passport. An utility bill which you can get from your parents or any family member and a passport.
With these requirements, you will open a standard savings account in Nigeria.
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With this i come to the end of this post on maximum amount for uba student account. And as I said earlier, the maximum amount is three hundred thousand naira. If you want to remove the limit, then you will have to upgrade your bank.
