How to open student account in Nigeria

Read all about how to open a student account in Nigeria.

A student account is a type of savings account which is applicable for Nigerian students within the age of 16 to 28. The student account was introduced in other to enable Nigeria students save money.

The students account is very easy to open and does not require any amount of money to do so, and you can open an account by using your student ID card, admission letter or National Identity card.

This Nigerian student account is a tier 1 account and has such has limits placed on it i.e. the deposit limit and the operating balance limit.

In this post, I am going to be writing about all you will need to know about opening a Nigerian student account under the following sub-topics “How to open a student account in Nigeria?”, “All Nigerian banks student account limits”, “What is a student account?” and more.

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What is a student account?

A student account is a type of savings account which is applicable for Nigerian students within the age of 16 to 28. The student account was introduced in other to enable Nigeria students save money.

The students account is very easy to open and does not require any amount of money to do so, and you can open an account by using your student ID card, admission letter or National Identity card.

This Nigerian student account is a tier 1 account and has such has limits placed on it i.e. the deposit limit and the operating balance limit.

You can get a Naira debit card at just 500 naira, and there are also no transfer charges to any bank, also no SMS charges and also a zero account opening fee.

How to open a student account in Nigeria?

To open a student account in Nigeria is fairly straightforward, you will need to walk in to the nearest bank of your choice and provide them with the requirements. All you need is your Student ID card or admission letter or NIN and passport.

You will be given a form to fill, make sure you do so with your correct details and the bank will enroll you for a bank verification number, before opening your bank account.

NOTE: You can always upgrade this account at a later time by providing an international passport, driver’s license or national identity card.

NOTE: This account is a tier 1 account.

All Nigerian banks student account limits (The maximum amount for student account in Nigeria)

The below are the limits (transfer limits and operating balance limits) for Nigerian banks student accounts:

Guaranty trust bank (GTB) student account limit – 300,000 naira

United bank of Africa (UBA) student account limit – 300,000 naira

Zenith bank student account limit – 1 million naira

Access bank student account limit – 300,000 naira

First bank student account limit – 300,000 naira

Fidelity bank student account limit – 300,000 naira

Union bank student account limit – 300,000 naira

Unity bank student account limit – 300,000 naira

Keystone bank student account limit – 300,000 naira

Wema bank student account limit – 300,000 naira

Stanbic ibtc student account limit

 

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The above are the operating balances of the student accounts, usually they have a transfer limit of 100,000 naira daily, while 10,000 naira per transaction, depending on the bank.

NOTE: You can always upgrade this account at a later time by providing an international passport, driver’s license or national identity card.

Conclusion

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