UBA Teens Account

Your Little One Can Win A Big Scholarship

UBA Teens Account

Teenagers between the ages of 13 – 17 years. Parents or guardians will manage the account on behalf of the child. This account is available in two variants – Full and Lite.

 

20 customers to win N200,000 each in the Kiddies and Teens Scholarship draw.

  • Essien Goodness Idorenyin
  • Ebenezer, Ogechukwu Victor
  • Shiloh Chzaram Chukwueke
  • Udenta Nmerichukwu Daniella
  • Gbaden William Sesugh
  • Oluwayonusimi Nitoritioluwaseun Ogunde
  • Osuji Ifechukwu Victory C
  • Agunbiade Mejeni Adelle Kehinde
  • Ozioma Lakesha Ifeanyichukwu
  • Ahmadu Rafiatu Ochuwa
  • Jazuli, Maryam Bello
  • Margret Bisola Olukunle
  • Aomreore Efemena Alexis
  • Omonedo Fejiro Bernard
  • Osakuade Ebunoluwa David
  • Enobong Amos Udoisang
  • Yilttok Welluh Benita
  • Jakpa Favour Ofeoritse
  • Kehinde Oluwatosin Damilola
  • Shatima Mivanyi Abalis
  • Edu Isabelle Temidire
  • Edwards Oluwaseun Micheal
  • Clive Nesochukwu Chukwueke
  • Sholagbade Sultan Ifeoluwa
  • Ochei Charles Chiemelie
  • Ajeigbe Mahammad Al Awwal Omoniyi
  • Phoebe Maliki
  • Mofopefoluwa A .Akinyemi
  • Essien Idaraesit Ephraim
  • Itunu Oyintonbra Onagorunwa
  • Olaoluwabambo Oluwagbenga Awe
  • Essien Trinity Idorenyin
  • Obeta Chisom Jennifer
  • Ude Hilary Somtochukwu
  • Aigboje Omoyemen Lisa
  • Ibrahim, Salihu Danyawo
  • Johnson Samuel Da-Olo
  • Johnson Inala Olivia
  • Maiwada Zainab Kabir
  • Abubakar Rayhan Oreoluwa
A UBA Kiddies or Teens account holder with a standing instruction of N10,000 or more for 6 months.
20 lucky customers would each be rewarded with N200,000 cash prize, in both draws.
The winners are selected by a raffle draw system from a spool of qualified customers.

The draw will take place LIVE on UBA’s Facebook page on July 27th and December 28th, 2021 where winners will be announced.

UBA Teens

As they grow into young adults, a certain level of freedom is needed to help them grow and build their individuality.

This account exists to serve that purpose. To give them some freedom with money, so they can dream, learn and develop into the right kind of adult.

• Teenagers between the ages of 13 – 17 years

• Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000.
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months.
• Personalized debit card at a 50% discount (only first issuance)
• Opportunity to intern at UBA
• Annual interest of 1.15% (payable monthly)

• Child’s birth certificate or International Passport
• 1 Passport Photograph each of parent/guardian and child
• Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport)
• Utility Bill within 3 months from account opening date

 

 

UBA Teens Lite

As they grow into young adults, a certain level of freedom is needed to help them grow and build their individuality.

This account exists to serve that purpose. To give them some freedom with money, so they can dream, learn and develop into the right kind of adult.

• Teenagers between the ages of 13 – 17 years

• Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000.
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months.
• Personalized debit card at a 50% discount (only first issuance)
• Opportunity to intern at UBA
• Annual interest of 1.15% (payable monthly)

• Child’s birth certificate or International Passport
• 1 Passport Photograph each of parent/guardian and child

Account information
Teen
Teens Lite
Benefits
Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000
A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months
Personalized debit card at a 50% discount (only first issuance)
Opportunity to intern at UBA
Annual interest of 1.15% (payable monthly).
Requirements
Child’s birth certificate or International Passport
1 Passport Photograph each of parent/guardian and child
Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport)
Utility Bill within 3 months from account opening date

FAQs

UBA Teens is a basic savings account for teenagers. The objective of the account is to give them a sense of inclusion in planning their finances, carrying out transactions and learning to save.

– 50% discount on first debit card issuance
– 13th Month Reward with a maintenance of an SI for 12 months at a minimum of N5,000 (Target-Plan). 10% of the monthly Target plan amount is paid to the customer
– Consistent maintenance of SI above N10,000 for 6 month stand a chance to partake in the Scholarship scheme
– Opportunity for Internship with the Bank

Forms
– Personal Account Opening Form (To be completed by parents with parent’s information or with guardian’s information)
– Signature Specimen form (To be completed by parent or guardian)
Documents required
– Birth Certificate or international passport of the child/teenager.
– One passport photo each of parent or guardian and child/teenager
– Valid and acceptable means of Identification for parent/guardian (e.g. Intl. Passport/Driver’s License/Voters Card)
– Recent Utility bill
Funds
– Minimum Opening Balance of N3,000
– Minimum Operating Balance of N 1,000

-The parent/ guardian till the child comes of age

Yes. First issuance is at a discount of 50%.

New-to-Bank Teen customers by completing the Teens Debit Card section of the Account Opening Form.
Existing Teen customers by completing the Teens Debit Card section of the Debit Card Request Form

The debit card is at 50% discount  for first issuance  and the standard charge applies for lost or expired cards.

Parents/guardians can monitor teens’ account activity including balance information and recent transactions through online banking/Mobile App/USSD.

Yes. As the signatory on the account, you can transfer money from your child’s account to another account at UBA.

Yes. You can either deposit cash or transfer into the account.

Yes. But Only from a full KYC Teens account

Transaction limits can only be defined and changed by parents/guardians. In addition, parents/guardians can monitor teens’ account activity through online/mobile/USSD banking.

Yes. But only for a full KYC Teens account

The 13th month reward is an amount paid to UBA Kiddies and Teens customers at the end of each year. Kindly maintain a standing instruction of N5,000 minimum for 12 consecutive months. Balance should not be lesser than cumulative, i.e a customer with a monthly instruction of N5,000 is expected to have at least a balance of N60,000

NO, you will not qualify for the 13th month bonus if you do not have a target savings plan

If you withdraw funds early, you will not be eligible for the 13th month bonus that year.

However, your plan will remain in effect and you can be eligible the following year if you stick to your plan. In this case, your plan will revert to Year 1, so you will be eligible for a 10% bonus that year.

Yes, you will earn competitive interest on the accumulated funds in your account even if you do not achieve your target plan –however you will no longer be eligible for the 13th month bonus.

To begin, simply maintain a standing instruction of minimum of N10,000 for 6 consecutive months or more. Balance should not be lesser than cumulative, i.e A customer with a monthly instruction of N10,000 is expected to have at least a balance of N60,000

₦200, 000. This will be paid directly to the school.

A total number of 40 winners will be selected from two draws in a year.

UBA Kiddies & Teens Healthcare Plan

Services
UBA Kiddies Plus
UBA Kiddies Prestige
OUTPATIENT SERVICES
General Consultation
Specialist Consultation
4 Per annum
10 Per annum
Lab Investigations
Management of Chronic Conditions (Consult, Drugs & Tests)
After 24 Months
After 24 Months
PHYSIOTHERAPY SERVICES
Physiotherapy Sessions
5 Per annum
10 Per annum
Prescribed Appliances – Cervical Collar Crutches
INPATIENT SERVICES
Admissions in Hospital Including feeding
General Ward
Private Ward
Admissions per Annum
30 days
45 days
Feeding on Admission
Prescribed Drugs and Infusions
Nursing Care & Consumables
Intensive Care Unit
Up to 2 days
Up to 7 days
IMMUNIZATIONS
Routine (NPI) Immunizations 0 – 5 years (OPV, DPT, Measles, BCG, Vitamin A, Hepatitis B,Yellow Fever)
Additional Immunizations – 0 – 5 years (Heberix, MMR, pneumococcal, Menavax, Rotarix)
DIAGNOSTIC SERVICES
Laboratory investigations
Ultrasound Scans – Abdominal, Pelvic
Basic Radiological services – Plain & Contrast X-Rays
Special Investigations(ECG & EEG, Myelogram, CT Scan, ECHO, MRI Scan) *at designated centres
covered for up to 3 investigations per annum
ACCIDENTS AND EMERGENCIES
Emergency Care (Accidents & Emergencies, Resuscitative Life-Saving Treatment & Stabilisation)
Limit 24 hours
Limit 24 hours
ECHO /MRI/CT SCAN in emergencies
1 per annum
Ambulance Service/Evacuation
Hospital to Hospital
Hospital to Hospital & roadside to Hospital
SURGICAL SERVICES
Minor Surgeries/ Intermediate Surgeries /Major Surgeries (Including Anaesthesia, Surgical supplies, blood)
All surgeries Limit N250,000
All surgeries Limit N750,000
OPTICAL/OPTHALMOLOGICAL SERVICES
Eye tests, Frames & Lenses (replaceable every 2 years)
Covered up to N7,500 after 12 months
Covered up to N25,000 after 12 months
Eye Surgeries
Subject to surgery limit
Subject to surgery limit
DENTAL SERVICES
Primary Dental Care ((Pain Relief, Scaling & Polishing, Simple Filings & Simple Extractions)
Limit N10,000 per annum. (scaling & polishing once a year, fillings & simple extraction only after 6 months
Limit N60,000 per annum. (scaling & polishing once a year, fillings & simple extraction only after 6 months
OTHER SERVICES
Back to School Check (pre school checks) *after 9 months
Limit of N10,000.00 per annum
Limit of N10,000.00 per annum
Renal Dialysis
2 sessions
4 sessions
Recommended Premium per child per annum
40,000.00
95,000.00
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