How To Open A Student Bank Account In Nigeria ~ Naira Crest

As a student especially a student in the tertiary institution, owning a bank account is very important because you may need to use it to receive money in the course of your study.
Opening a student account can help fasten things for you, instead of going to the bank to make payments, you can make payments for Remita invoices and other transactions directly from your bank account.
In this post, I am going to teach you how to open a student account using different banks in Nigeria.

General Requirements For Opening A Student’s Account

Passport Photographs

Having a clear passport photograph is a necessity to opening a bank account as a student, most bank usually requires two passport photographs.
Some bank have a specific background they want the passport to have while other don’t.

Means Of Identification

You need a means of identification while opening a student bank account.
You can use a national identity card, driver’s license or an international passport but you can alternatively use a utility bill most of the time.

Application Form

To get this, you have to go to any of the branch of the bank you intend to open an account with and request for the form.
Make sure to fill the form correctly, you are going to also provide your signature, make sure that it is the signature you are using to avoid the damages it may cost you in the future because a signature is what the bank would be using in authorizing physical transactions in the bank.

Gtbank Student Account

The GTBank student account is also know as the GTcrea8 account, it a bank account made to suit in with the demands of students with the flexible policies attached to it.
With this account, you can have a MasterCard and you can also have an e-saver account attached to it to help you save money and then recieve an interest of rate of 2.5%/year in your savings.
You can open a GTcrea8 account if you are between the age of 16-25 years.

Benefits Of Opening A GTBank Student Account

You can use the GTBank mobile app to carryout transactions.
You can request for a MasterCard after opening the bank account.
Youcan pay bills and fees with internet/mobile banking.
You can use the bank *737* services just like the normal savings account.
An interest rate of 2.5% per annum determined by your account balance.
Lodgement of cheque and dividend warrants.

How To Open A GTBank Student Account

Go to any GTBank branch and request for a student account application form.
Provide a valid means of identification, like your national identity card (you can use the temporary card if the permanent card haven’t been issued to you).
A passport photograph.

You can use a utility bill if you don’t have an ID card.

Ecobank Student Account

Ecobank ExpressAccount is a student account that is eligible for students between the age of 18-30 years.
This type of account is suitable for teenagers, students and coppers.
There is no extra charge while opening the account but you have to pay for the ATM card which costs N1,050.

Benefits Of Opening An Ecobank Student Account

You enjoy zero minimum balance in your account.
You can request for a debit card. Unfortunately, you can’t use a debit card with this account but only a verve card.
You have access to use the Ecobank mobile app.

How To Open An Ecobank Student Account

Go to Ecobank branch close to you and tell them you want to create an Ecobank express account for students.
Fill the form given to you.,
Alternativelyyou can dial *326# in your mobile phone and follow the prompts to open an Express account.

After opening the account on your phone, go to the branch and create or link your bank verification number to the bank account.

FCMB Student Account

Also known as the FCMB Flexx, the FCMB student account allows you to enjoy flexible policies and amazing bonuses.
It target both secondary and tertiary institution students between the age of 16-25 years.

Benefits Of Opening A FCMB Student Account

Zero operating balance; which means that you can withdraw every penny from your bank account unlike the standard savings account.
Free email notifications for transactions in your account.
MasterCard with your name on it.
A monthly statement of account would be sent to your email for free.
Interest on savings.
Eligible for internet and mobile banking.

How To Open FCMB Student Account

You must be 16 years or older.
Provide atleast two of your passport photographs.
A utility bill either from the electrical company which belongs to your residential address.

Polaris Bank Student Account

The other name for Polaris Bank Student Account is the Polaris Bank campus plus account.
Just like the name implies, this type of bank account was made with people in the tertiary institution in mind.
If you transact with the Polaris student account, you stand a chance to contest in a monthly challenge to win a car and even a million naira.

Benefits Of Opening A Polaris Student Account

You can an access to a debit card.
Access to mobile and internet banking.
You enjoy a zero minium amount in your bank account.

How To Open A Polaris Bank Student Account

Go to any of the Polaris bank branch close to you and request for a form.
Fill out your correct information.
Provide a valid ID.

UBA Student Account

Also known as the UBA NextGen account. You are eligible for this account if you are between the age of 16-25 years.
One good thing about this account is that as a student using the NextGen account you are open to a 50% discount for the first debit card issued to you.

Benefits Of Opening A UBA Student Account

An annual interest rate of 4.05%.
You have access to a Verve card from UBA.
50% discount on the first card issued to you.

How To Open A UBA Student Account

Go to any UBA branch close to you.
Request for the form to open a student account with them.
Fill in the correct details in the form and pay the N525 for the card.

Zenith Bank Student Account

Also know as the Zenith Bank aspire bank account. This bank account aids undergraduate save money with their low charges for the services offered by the bank.
You also get to to use their mobile app and internet banking.
A statement of account will also be sent monthly to your email address.

Benefits Of Opening A Zenith Bank Student Account

You have access to a master card unlike other students account offered by other banks.
Monthly notifications of transaction carried out in your account.

How To Open A Zenith Bank Student Account

Visit a Zenith Bank branch.
Pick a Zenith Bank aspire account opening form and fill in your details.

You can alternatively use the bank’s USSD code by dialing *966# on your phone.

Conclusion

I have made sure to provide different banks so that you can have many options to choose from base on your preferences.
You can see that having a bank account as a student is very possible and the banks above have created an avenue for that.

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