as access to scholarships in the upgraded and revamped UBA Kiddies and
Teens Accounts.
To qualify for these exciting rewards, customers need to maintain a
minimum balance in these accounts which have been designed to enable
parents and guardians save for their children aged between 0 – 12 years
for the UBA Kiddies Accounts and from 13 to 17 years for UBA Teens
Account, whilst also teaching the kids money management skills.
Breaking this down to both old and new customers, UBA’s Group Head
Marketing and Customer Experience, Michelle Nwoga, said, the Children
banking proposition have been revamped with new offerings to assist
parents imbibe the culture of savings in their kids from a very tender
age.
To enjoy the 13th month reward all the customer needs to do is maintain
a standing instruction of saving a minimum of N5,000 for 12 months and
they are rewarded automatically; in the same vein, for the Scholarship
reward of N200,000; the customer simply needs to maintain a standing
instruction of saving a minimum of N10,000 for six months to qualify for
a bi-annual draw.
In addition to saving for their child’s future, holders of the UBA
Kiddies and Teens accounts can also get discounted healthcare plans.
Nwoga said, “Typically, conversations about money start at home, when
parents open their child’s first account and the kids start asking
questions about money. It’s one of the most important conversations a
parent has with their child, hoping to set them on the right track to
managing money responsibly.
“And that is why we have introduced exciting benefits and rewards to
these account holders to make it easier for parents as they help their
kids develop financial and money management skills. Our Kiddies and
Teens Account offers parents an opportunity to give their children a
head start in life by starting to save for their future early, Nwoga
stated.
In a similar development, UBA recently upgraded its mobile and internet
banking applications, introducing lots of new, exciting and interactive
features to aid banking, while allowing customers to perform unlimited
transactions from the comfort of their mobile phones
UBA’s Group Head, Consumer & Retail Banking, Marketing, Jude Anele, who
expressed delight with the upgrade said that the bank’s numerous
investments into digital transformation has begun to yield good returns
for customers, going by the reviews already received.
“I will like to let you know that all the investments we have made over
the years in the area of technology will begin to yield now, because
already UBA’s new Mobile Banking App demonstrates our resolve to provide
unparalleled experience across all our channels is in line with UBA’s
vision to dominate Africa’s digital banking space,” Anele said.
The United Bank for Africa is a leading pan-African financial
institution offering banking services to more than twenty million
customers globally. With footprint in 20 African countries and presence
globally in the United Kingdom, the USA and France, UBA is connecting
people and businesses across Africa through retail, commercial and
corporate banking, innovative cross border payments and remittances,
trade finance and ancillary banking services.