UBA Teens Account

Help your teens learn about financial independence and plan for the future they want

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 draw.

  • 1. Edu Isabelle Temidire
    2. Edwards Oluwaseun Micheal
    3. Clive Nesochukwu Chukwueke
    4. Sholagbade Sultan Ifeoluwa
    5. Ochei Charles Chiemelie
    6. Ajeigbe Mahammad Al Awwal Omoniyi
    7. Phoebe Maliki
    8. Mofopefoluwa A .Akinyemi
    9. Essien Idaraesit Ephraim
    10. Itunu Oyintonbra Onagorunwa
    11. Olaoluwabambo Oluwagbenga Awe
    12. Essien Trinity Idorenyin
    13. Obeta Chisom Jennifer
    14. Ude Hilary Somtochukwu
    15. Aigboje Omoyemen Lisa
    16. Ibrahim, Salihu Danyawo
    17. Johnson Samuel Da-Olo
    18. Johnson Inala Olivia
    19. Maiwada Zainab Kabir
    20. 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 the 18th of September and the 11th of December, 2020 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 1.25% (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 1.25% (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 1.25% (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 Teens customers at the end of each year. If they save according to their target plan and roll over their balance to the next year (not withdrawn). Kindly submit a standing instruction of a minimum of N5,000 to begin.

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 (Without withdrawals)

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