Africa Banking Network

An Africa Business Community

UBA covets new Customers, Reduces Opening Balance for Enhanced Savings Accounts

Driven by the desire to provide its customers, old and new, with the right mix of products and services that are tailored to meet their banking needs, the United Bank for Africa (UBA) Plc has enhanced its  savings account, with reduced minimum opening balance driven by her array of cost saving e-Banking products and services.
With a minimum of N2,000.00, customers can now open a UBA savings account and enjoy a world of high value banking with Africa’s global bank. Christened UBA Savings Account advantage, existing and new holders of UBA Savings Account stand to benefit from the bank’s range of cost saving e-banking products and services.
Speaking on the new initiative, Head, Retail Products, UBA Plc, Olumide Osunyomi, said “ we have reduced the minimum opening balance for savings account to encourage more savers to inculcate the culture of savings, enhanced their living standards with the  plethora of added high valued banking services.”
According to her, UBA has invested in cutting-edge technology towards delivery of seamless, efficient and cost saving e-Banking products and services. “UBA, being the largest eBanking services provider in the country, is inviting old and would-be customers to enjoy a new way of banking,” she said.
UBA savings account holders, among other traditional services availed by the Bank which include an ATM Card, would have opportunity to subscribe to the following eBanking platforms: U-Mobile; U-Mo; UBA Visa Prepaid Card; UBA Naira Debit Card; UBA DCDC.
On the Cash-lite policy of the Central bank of Nigeria (CBN), Divisional Head, e-banking, UBA Plc, Dr. Yinka Adedeji, noted the bank had adopted critical measures to encourage its customers to embrace electronic channels. He added that UBA is leading the crusade  in the implementation of the policy, particularly small depositors, which the new initiative meant to address.
United Bank for Africa (UBA) is a leading Pan African Bank with presence in 19 African countries, New York, London and Paris. Headquartered in Lagos, Nigeria; UBA provides broad-based banking services to over seven (7) million customers across Africa.

Views: 32


You need to be a member of Africa Banking Network to add comments!

Join Africa Banking Network

Africa Business Panel | B2B Market Research

As a valued LinkedIn group member, we invite you to join a prestigious online community.

The Africa Business Panel is open exclusively to business men and women engaged in business on the African continent.


As a participant in the African Business Panel, you will benefit in several ways and at the same time, you will have no obligations whatsoever. You will decide if and when you want to participate. However, the more you participate in surveys, the better your chances of benefiting from your membership.

Click here to join now



© 2022   Created by Bas Vlugt.   Powered by

Badges  |  Report an Issue  |  Terms of Service