Allowance Account

With the allowance account, kids and teenagers can enjoy the opportunity to get financial independence and manage their funds.

 

Allowance Account

This account helps kids, especially teenagers with an allowance learn about financial independence and manage their money better.

Who is this for?

This account is an upgrade from the Kids Account. Designed for children who have graduated from the primary school into the secondary school.

 

 

Benefits:

  • Freedom to access their allowances and spend on the ATM or in stores and online with the UBA debit card or the UBA prepaid card.
  • Monitor and manage your kid’s spending behaviour on the digital platforms such as online banking(web), mobile banking.
  • Free access to the full Secondary School curriculum on UBA’s online learning platform
  • Easily set your direct debits by chatting with Leo.

What you will need

  • Proof of secondary school admission or student ID
  • 1 passport photograph each of parent and child
  • Child’s birth certificate
  • Utility bill not exceeding 3 months’ old
  • Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport