• What is this product about?

UBA General Savings account is an account that enables you to save money regularly and allows you instant cash withdrawals without notice to the bank.

• What is the minimum operating balance in the account?

The minimum operating balance is N5,000 however account holder is allowed to draw down to N1,000 which attracts a charge of N105.

• What is the maximum number of withdrawals I can make in a month?

Maximum of three withdrawals is allowed per month otherwise interest for the month would be forfeited.

• What is the interest rate on this account?

It is normal savings rate of 2% p.a. paid on a quarterly basis provided withdrawals do not exceed three times in a month.

• Will I be given Debit card if I open the account?

Yes, all account holders are entitled to debit card.

• Can I deposit and withdraw money from any UBA branch?

Yes you can deposit or withdraw from any branch but there is a charge for making transactions outside the Business Office where your account is domiciled.

• Can I lodge cheques and dividend warrant into my savings account?

Yes, but you have to provide two satisfactory current account referees.

• Can I access my account via the internet?

Yes, you can access your account information, transfer funds, etc via our internet banking website, www.ubadirect.com but you must first subscribe to it.

• Can a third party make withdrawals?

No, third party withdrawals are not allowed on a savings account.

• Can I give reference to a prospective customer who requires reference?

No, a savings account customer cannot give reference to another account holder.