**I agree that UBA Group and its affiliates may use my contact details to send me communications, Head Office: 57 Marina, Lagos Island, Lagos, Nigeria. The UBA NextGen is uniquely designed  for  undergraduate students and Nysc Corp members. Account is operated in any of the major currencies- US Dollar, GBP, Euro etc #google_translate_element2 {display:none!important;}, Buy and exchange foreign currency, at competitive rates, Saturday Banking for your convenience Minimum opening balance of $ 100, € 80 or ₤ 70 or its equivalent in other currencies This amount represents what the state believes to be the full cost of attending an expensive school and graduate school, including textbooks and room and board. The limits shall apply to the combined amounts deposited in the POSB Deposit Account and credited to the account of a depositor at any time irrespective of the number of deposits made from time to time. Give your kids an early start by opening a kids savings account today. Opening balance of $100 or £70 or its equivalent. This is account is for Salary earners, professionals, students, entrepreneurs and all other individuals. .goog-te-menu-value:hover {text-decoration:none !important;} ... And the maximum amount? Savings Account (SA) is the oldest/primeval offering of the National Savings with a product design to encourage the small savers to invest in a way that helps them meet their day-to-day financial needs. Find news here, Read our latest articles, surrounding new features and upcoming events for the organization, A Repository of Documents Covering the Internal and External Speeches and Presentations, Photos and Videos from our prominent events, Learn about our origins, foundations and beginnings, The management team of the group is made up of a crop of seasoned and industry-recognized professionals, Nigeria has been the site of numerous kingdoms and tribal states over the millennia, We offer forward-looking statements regarding the Bank’s objectives, Over the years, we have been honoured with distinguished awards and prizes, UBA PLC has engaged in some key strategic alliances, We aim to help you through the banking process and also help with your needs, Our digital solutions offer various benefits that ensure you stay in control wherever you are, Some tips that you can follow to protect your banking activities. To give them some freedom with money, so they can dream, learn and develop into the right kind of adult. All interest earned is exempt from income tax and social charges in France. The Money Laundering Control Act of 1986 enabled banks to begin completing Large Currency Transaction Reports (LCTR) on individuals who conduct transactions involving more than $10,000 in cash. This account exists to serve that purpose. All UK-regulated current or savings accounts and cash ISAs in banks, building societies and credit unions are covered by the Financial Services Compensation Scheme (FSCS). No dialogue, no items or anything. Banks can now allow savings account holders to make an unlimited number of transfers or withdrawals, the Federal Reserve Board announced Friday. That is, for a low-value savings account, your single deposit will not exceed N20,000, while the total amount of money you’re allowed to have in the account is N200,000. You can similarly generate MMIDs for all other accounts that you may have with us. Merchant Services at UBA include POS, Instant Bills Pay, Shoppers Mall & U-Collect, UBA Corporate Debit Card provides you with better ways to settle your day-to-day corporate expenses, Our business strategy is built on being the bank of choice for businesses across Africa. © 2021 United Bank for Africa. The funds saved on the M-Shwari lock –Savings will be kept in the account until the maturity date; this maturity date is determined by the customer upon opening the account and ranges between one and six months. Salary Advance – UBA Salary Advance/Personal Overdraft is a short term facility that allows you to overdraw your current account for 6 months up to a maximum amount of =N=3 million. But maximum single deposits for a savings account is 5 MILLION (i.e if a lodgement is made that exceeds that amout ur account will be flagged for SUSPICIOUS TRANSACTION REPORT). While the interest you get is determined by the amount of funds you have in the account, a lot of people may be inquisitive on the limit of money that a savings account can hold in Nigeria. The UBA Online Account is a unique account designed for people who desire to carry out their banking activities purely online, without visiting a bank branch. Withdrawal Charge : Zero charge once account balance is up to minimum operating balance. Freedom Domiciliary Account is a USD foreign currency account with lower operating limits, for those who want to start saving in dollars. This is a savings account that allows M-Shwari customers to save for a defined purpose and for a specified amount of time. The highest amount a savings account holder with Stanbic IBTC can have in their savings account is ₦2, 000,000. At UBA, we seek to delight all our customers. The sad thing is nothing special when you hit that. 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