UBA Nextgen Account: Everything you need to know

UBA Nextgen account is an effort of United bank for Africa, the number one pan-African bank, toward helping the youth to save and have some financial value in their pocket in this current struggling economy. Being a step away from the adulthood can be a lot of pressure. The responsibilities are slowly creeping in and you’ve got to be on top of things.

How to open a UBA NEXTGEN account

Documents required

– A duly completed account opening form

– One passport photo of Student / Corp Member

Tier 1 KYC (partial): Student / departmental / faculty ID card / NYSC card (for Corp members)

Tier 3 KYC (full): Evidence of Studentship / Corps membership (e.g. Student  / Corp Member ID, Admission / Posting letter) ,  one of the following: Voter’s card / national ID / national driver’s license / international passport and one of the following: utility bill, school fees receipt, hostel allocation document

Benefits

– A chance to win Pocket Money for a Year

– A chance to become a UBA Campus Ambassador

– Complimentary invites to NextGen events and Master classes

– Annual interest of 1.15% (payable monthly)

– 50% discount on your first debit card.

– N15,000 monthly pocket money

– Free online business workshops for your side hustle

What you will need

– One passport photo

– A valid ID card and recent utility bill OR School fees receipt or hostel allocation document are required, in addition to the  student ID (Tertiary Institution) or Corpers ID (NYSC)

Where you can open a UBA NextGen account

– On Campus at University events organized by UBA

– On Camp

– Online via here

– At the Branch of UBA close to you

What you must know:

How do I open a UBA NEXTGEN account?

Documents required

– A duly completed account opening form

– One passport photo of Student / Corp Member

Tier 1 KYC (partial): Student / departmental / faculty ID card / NYSC card (for Corp members)

Tier 3 KYC (full): Evidence of Studentship / Corps membership (e.g. Student  / Corp Member ID, Admission / Posting letter) ,  one of the following: Voter’s card / national ID / national driver’s license / international passport and one of the following: utility bill, school fees receipt, hostel allocation document

Funding

No minimum Opening Balance

I want a UBA NextGen Account, I am 18 years old, but I am yet to get admission into a tertiary institution?

A Savings account will be opened when you present a passport photograph and valid photo ID. However, with your School ID/admission letter, your account can be converted to a UBA NextGen account.

Do I have to be a student to open a UBA NextGen Account?

– Yes, please. The UBA NextGen Account is for students of any tertiary institution including Colleges, Universities, Technical/Vocational Institutions,  Polytechnics.

– National Youth Service Corps members with valid NYSC cards are also eligible for the UBA  NextGen Account.

What are the means of ID acceptable to open a UBA NextGen account?

– For Tier 1 KYC, the following means of ID are acceptable.

•          Student ID Card OR Departmental ID Card OR Faculty ID Card

•          NYSC ID card

– For Tier 3 KYC IDs, the following means of ID are acceptable.

•          International Passport OR Voters Card OR National ID OR Driver’s License; but must also provide evidence of being a student / corp member

What if I don’t have any of the primary means of ID?

The customer will need to provide an Admission Letter OR Clearance Letter OR Call up Letter that shows at least the following information: Passport Photo, Name, Sex, Student/Registration Nos., Faculty/Department.

Where can I open a UBA NextGen account?

– On Campus at University events organized by UBA

– On Camp

– Online here

– At the Branch

Can I have a NextGen account and a Savings account at the same time?

You can, but if you are a Tertiary student or Corp member, the UBA NextGen account will better meet your needs than the General Savings account.

If already have a Savings account, why do I need a UBA NextGen account?

– The Savings account is a basic savings account.

– As a Tertiary student or Corp member, the NextGen account will better meet your lifestyle needs.

– You stand a chance to win pocket money for a year in our targeted draws

– Your first debit card  is issued at only half the regular cost

– You get to attend all campus events

Will the student/corps member get a debit card if the account is not funded?

No – the account must be funded with at least the card fee (@ 50% discount) to get a debit card.

How much do I need to open a UBA NextGen Account?

 No minimum account opening balance

Can I get a debit card on my UBA NextGen Account?

– Yes, you can get a debit card on your UBA NextGen account at a discount of 50% for your first card.

What do I stand to get for having a UBA NextGen Account?

– A chance to win Pocket Money for a Year

– A chance to become a UBA campus Ambassador

– Complimentary invites to NextGen events and Master classes

– No sms charge and card maintenance fee

-And so much more

How do I qualify to win the pocket money reward?

Own a debit card and maintain a balance of N5,000 to qualify.

Also read: How to win UBA Nextgen monthly draws