UBA Teens Account
Designed for 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.
Your little one can win big and benefits from a Teens account
20 customers to win ₦200,000
To be won in the Kiddies and Teens draw
UBA Teens
As they grow into young adults, a certain level of freedom is needed to help them grow and build their individuality.
UBA Teens Lite
As they grow into young adults, a certain level of freedom is needed to help them grow and build their individuality.
UBA Kiddies & Teens Healthcare Benefits
UBA Teens Account offers a range of benefits tailored to promote the health and well-being of young clients.
| Services | UBA Kiddies Plus | UBA Kiddies Prestige | ||
|---|---|---|---|---|
OUTPATIENT SERVICES |
||||
| General Consultation | ||||
| Specialist Consultation | 4 per annum | 10 per annum | ||
| Lab Investigations | ||||
| Prescribed Drugs | ||||
| Management of Chronic Conditions (Consult, Drugs & Tests) | After 24 months | After 24 months | ||
PHYSIOTHERAPY SERVICES |
||||
| Physiotherapy Services | 5 per annum | 10 per annum | ||
| Prescribed Appliances – Cervical Collar, Crutches | ||||
INPATIENT SERVICES |
||||
| Admissions in Hospital including feeding | General Ward | Private Ward | ||
| Admissions per annum | 30 days | 45 days | ||
Ready to get started?
Frequently Asked Questions
Here is everything you need to know about the UBA Teens Account.
What is UBA Teens Account?
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.
What are the key benefits of the UBA Teens Account?
– 50% discount on first debit card issuance.
– 13th Month Reward with a maintenance of an SI for 12 months at a minimum of ₦5,000 (Target-Plan). 10% of the monthly Target plan amount is paid to the customer.
– Consistent maintenance of SI above ₦10,000 for 6 month stand a chance to partake in the Scholarship scheme.
– Opportunity for Internship with the Bank.
What are the requirements for opening a UBA Teens Account?
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. International. Passport/Driver’s License/Voters Card).
– Utility bill not exceeding 3 months.
Funds
– Minimum Opening Balance of ₦1,000.
– Minimum Operating Balance of ₦1,000.
Who Operates the UBA TEENS Account?
– The parent/ guardian till the child comes of age.
Can I get a debit card on the account?
Yes. First issuance is at a discount of 50%.
Who can request for a UBA Teens card?
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.
How much do I have to pay for the debit card?
The debit card is at 50% discount for first issuance and the standard charge applies for lost or expired cards.
How can I check my child’s balance or recent transactions?
Parents/guardians can monitor teens’ account activity including balance information and recent transactions through online banking/Mobile App/USSD.
Can I transfer money from my child’s account to my account with UBA?
Yes. As the signatory on the account, you can transfer money from your child’s account to another account at UBA.
Can I transfer money into my child’s account?
Yes. You can either deposit cash or transfer into the account.
Can I transfer funds to a non-UBA Bank Account?
Yes. But Only from a full KYC Teens account.
Can I still open a UBA TEENS account without a valid means of ID and utility bill?
Yes
What if a teen wants to change his/her transaction limit without the parent/guardian’s consent?
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.
Are other bank cheques allowed into UBA teens account?
Yes. But only for a full KYC Teens account.
What is the 13th month reward and how do I partake in this?
The 13th month reward is an amount paid to UBA Kiddies and Teens customers at the end of each year. Kindly maintain a standing instruction of ₦5,000 minimum for 12 consecutive months. Balance should not be lesser than cumulative, i.e a customer with a monthly instruction of ₦5,000 is expected to have at least a balance of ₦60,000
Will I qualify for the 13th month bonus if I do not have a target saving plan?
NO, you will not qualify for the 13th month bonus if you do not have a target savings plan
What happens to my 13th month bonus if I withdraw funds early?
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.
Will I still earn interest if I do not achieve my target plan?
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.
How do I sign up for the scholarship reward?
To begin, simply maintain a standing instruction of minimum of ₦10,000 for 6 consecutive months or more. Balance should not be lesser than cumulative, i.e A customer with a monthly instruction of ₦10,000 is expected to have at least a balance of ₦60,000
How much will I be rewarded when I emerge a winner for the Scholarship draw?
₦200, 000. This will be paid directly to the school.
How many customers will be rewarded?
A total number of 40 winners will be selected from two draws in a year.
20 customers to win ₦200,000
Inspire a brighter future for your child. This scholarship reward empowers families to invest in education while nurturing a savings habit.
Kids and Teens Scholarship winners
Anderson Andikan Nathan
Salihu Yakubu Mahamud
Simeon Thankgod Ofomona
Nwaeze Annabel Chiziterem
Eva Favour Emmanuga Makuachukwu
Ifechukwudi Divine Ugbeh
Jeremiah Unekwuojo Isyaku
Iyare Francesca Owa
Okoye Gerald Munachi
Charles-agwanyokha Salvation Ilamosi
Ngbede Godswill Ishor
Molokwu Ezidinma Kosisochukwu
Nancy Esohe Aigboduwa
Alika Anwuli Erika
Funebi J Tapre
Ebubechukwu Goodluck Ephraim
Uchegbu Benedicta Chidera
Ireoluwa David Aderinola
Njoku Chinecherem Judith
Mariam Odunayo Oyewole
Who is eligible to participate in the draw?
Parents with a standing instruction to pay ₦10,000 every month for at least 6 months into a Kiddies or Teens account.
What do I get as a Kiddies and Teens Scholarship draw winner?
20 lucky customers would each be rewarded with ₦200,000 cash prize, in both draws.
How is the Kiddies and Teens Scholarship draw winner selected?
When and where does the Kiddies and Teens Scholarship draw hold?
The draw will take place LIVE on UBA’s Facebook page 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.
Who is this for?
Teenagers between the ages of 13 – 17 years.
Features & Benefits
• Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of ₦5,000.
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of ₦10,000 for 6 consecutive months.
• Personalised debit card at a 50% discount (only first issuance).
• Opportunity to intern at UBA.
• Annual interest of 8.25% (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 issued within the last three months.
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.
Who is this for?
Teenagers between the ages of 13 – 17 years.
Features & Benefits
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of ₦10,000 for 6 consecutive months.
• Personalised debit card at a 50% discount (only first issuance).
• Opportunity to intern at UBA.
• Annual interest of 8.25% (payable monthly).
Requirements
• Child’s birth certificate or International Passport.
• 1 Passport Photograph each of parent/guardian and child.