United Bank for Africa (UBA) Plc, Pan African financial institution, is set to reward consistent customers with access to scholarships, discounted health care plans and a mouth watering 13th month cash reward in the upgraded and revamped UBA Kiddies and Teens Accounts.
The only condition to qualify for these exciting rewards includes he fact that 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.
Michelle Nwoga, UBA’s group head Marketing and Customer Experience, 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.
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
Jude Anele, UBA’s Group head, Consumer & Retail Banking, Marketing, 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.
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.