The main reason you’re here is because you are looking for how to upgrade your bank account in Nigeria. You’re at the right place as I will guide you through on how you can upgrade your bank account to have maximum amount in your bank account.
In Nigeria, we have three types of savings account, the name varies from bank to bank.
Let me use the Gtbank types of account for an example.
We have the tier one, tier two and the tier three savings account in Nigeria. The tier one and the tier two is limited, while the tier three is unlimited.
In some banks, the tier one type of savings account is limited to a maximum amount of N300k, and N50k single deposit, while the tier 2 is limited to N500k to N1M operating balance and N100k single deposit.
The the tier 3 type of savings account is unlimited. Everything about the account is unlimited and there’s no limit on this very type of savings account.
As the topic of the post is centered on How to upgrade your bank account in Nigeria, it revolve around the tier 3 savings account.
How to upgrade your bank account in Nigeria
Before going further into the post, you should first know the requirements needed from you by the bank to upgrade your bank account.
What do i need to upgrade my bank account?
The requirements needed from you include the followings;
- Your ID which includes the permanent voter’s card, or the driver’s license, or the national ID card, or the international passport.
- Last three months utility bills like the Nepa bill, rent bill or any other bill
- One or two passport
These are the requirements you have to go with to the bank to upgrade your bank account in here Nigeria.
Now you have know the requirements, let me guide you through on the basic information you need to look at for while filling out the form.
The account upgrade process
On getting to the bank, move to the customer service section and speak with the customer service representative. Request that you want to upgrade or your bank account.
The customer service representative will ask you if you came with your ID, utility bill and a passport. Kindly reply with YES as you have them with you.
The bank customer service representative will give you a form(s) to fill for the account upgrade, and this is the very first step towards how to upgrade your bank account in Nigeria.
Now you need to be very careful while filling the form, and please bear in mind that these informations are very essential;
- Your full name
- Your address
- Account number
- Type of account which is savings
- Bank verification number
- Your phone number
I want to focus on the two listed information above, which is home address and phone number.
In case you forgot your bank verification number, the customer service representative will help and retrieve that for you.
In the space for mobile phone number, please make sure to write a working phone number which is your main line. It is through the phone number you will receive notification or messages from the bank.
Any mistake made whir writing your phone number, the bank won’t detect the error and same time you won’t receive any notifications or messages from your bank. This is why you need to recheck all that you have written before submitting the form back to the customer service representative.
Another important thing to note for this guide on how to upgrade your bank account in Nigeria is the home address.
Maybe you don’t have any last three months utility bill like the Nepa bill, you then borrow your friends or family nepa bill for the account upgrade.
On filling the form, instead of you to write the address on the utility bill (nepa bill), you wrote your own address. With this you have contradicted yourself, telling the bank that the utility bill isn’t yours.
The bank customer service representative might cancel the account upgrade as the two addresses didn’t match at all.
For example, on the nepa bill, the address states plot 820 nebo street Iweka. Then you wrote 180 spibat road off zenith bank Iweka road.
The addresses are completely different and bank won’t accept that. This means that you’re not the owner of the utility bill you brought to the bank, and with that, you have contradicted your and in this guide on how to upgrade your bank account in Nigeria.
Kindly note that the address you’re to fill on the form is the address on the utility bill.
Which means your current location.
This is why banks do request for the last three months utility bill. I know why I’m stressing this cause I have seen cases where this type of mistake happened. The bank customer wrote a different address altogether and which is completely different from the utility bill.
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So the address is one major essential thing you should note for this guide on how to upgrade your bank account in Nigeria.
After you’re done filling the form, submit the form back to the customer service representative. This is where he or she will begin to process your bank account for the account upgrade.
You don’t have to go until she says “you can go now, I’m done with you”.
Again if you had any problem or issues while filling the forms, please don’t hesitate or be shy to ask the customer service representative. Definitely they will hell you out with any problem or issue you have on filling the forms.
How long does it take to upgrade a bank account in Nigeria?
This is a fantastic question, how long does it take to upgrade a bank account in Nigeria.
It takes a maximum of 24hrs to upgrade a bank account in Nigeria. However, this varies from bank to bank as in some bank, it will take just a maximum of 6hrs to upgrade an account.
Some immediately they are through with you, within one hour your account is set and ready to receive any amount of money without limit.
But it must not exceed 24hrs unless the account upgrade wasn’t a successful one.
Before leaving the bank ask the customer service representative how long it will take to finish the process, they will give you their answer.
Also you can contact the bank and inquire if your account upgrade was a successful one. I don’t recommend going to the bank cause that’s a waste of time, rather call your bank or send them an email along with your account number and they will get back to you.
These are the things you should know for this guide on how to upgrade your bank account in Nigeria.
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Another thing I want to talk about is the bank account upgrade letter.
The bank account upgrade letter
People do ask question on what is the bank account upgrade letter, and it’s usefulness to the account upgrade.
The letter is among the papers that will be given to you. Banks like first bank only require you to write your address on the right hand side of the letter, and your name, signature and date below the end of the letter.
For zenith bank, you will have to write your address, body of the letter which is the reason you want to upgrade your bank account, and the closing appreciation on the letter.
If you don’t know how to write a letter, don’t be shy to ask for a help from the bank or anyone around you.
So bank account upgrade letter is compulsory and a must on how to upgrade your bank account in Nigeria. Though you will get the paper right inside the bank.
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Can i upgrade my bank account online?
Absolutely no, you can’t upgrade your bank account online. It must be done right inside the bank, and you should be physically present for the account upgrade process.
This doesn’t necessarily mean that you as a bank customer must be physically present. In some whereby you’re in a remote area where there’s no bank around you, especially your bank in particular, the bank will consider you.
In many cases they will link you to your account manager and you will forward all the necessary requirements to your account manager including the account upgrade form.
This is why banks now made it available for download on the internet.
So you need to download the form, fill the form using Adobe acrobat and also sign your signature using the Adobe acrobat reader for mobile or pc.
Contacting your account manager will guide you through on what to do about the situation. But generally you need to go to the bank to upgrade your bank account.
As long as you have all the listed items for account upgrade in Nigeria, there’s nothing to worry about at all.
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Can i upgrade my bank account without ID and utility bill?
I’m sorry that is not possible.
You must have your ID card or utility bill to upgrade your bank account in Nigeria. Remember, I didn’t state using a school ID card cause it is not acceptable or any other ID card that is not deemed valid for this.
A valid means of identification includes the likes of national ID or nin ID card, permanent voter’s card, driver’s license or international passport.
These IDs are deemed valid in Nigeria for your personal banking or even business or corporate banking in Nigeria. It you have these stated IDs, you’re good to go.
Very essential on guide for how to upgrade your bank account in Nigeria.
For utility bill, the bill must be last three months except for rent bill. The likes of first bank do accept rent bill but I recommend you getting a Nepa bill. Electricity bill is commonly used in Nigeria for any bank account opening in Nigeria.
Please note: the rent bill must bear the your house address, if there’s no house address on the rent bill, it is deemed not to be valid by bank. The reason for the rent bill or any other bill is get the house address of the bank customer.
All these I have for you on how to upgrade your bank account in Nigeria. There’s nothing much to say, and if you have any question or suggestion, kindly use the comment box or contact your bank.