This account exists to serve that purpose. The UBA NextGen is uniquely designed  for  undergraduate students and Nysc Corp members. Take the first step towards managing your money better.There is a UBA Savings account suitable for everyone: We’ll make opening an account easy. You can similarly generate MMIDs for all other accounts that you may have with us. body {top:0 !important;} © 2021 United Bank for Africa. If you also have a savings account at the same bank, different ATM withdrawal limits may apply. They offer the same flexibility in usage anywhere in the world, including Liberia, and any of the 1 million MasterCard-enabled ATMs in over 210 countries, as well as purchases at over 31 million merchant locations worldwide. Welcome to UBA Nigeria’s media centre. Various financing products suitable for the different needs of corporate businesses. The rate of interest (Feb 2020) is 0.50% calculated every 15 days. In the United Kingdom, your savings are covered at up to 85,000 pounds ($133,000) thanks to the Financial Services Compensation Scheme. For 2018, this amount is set at $3,450 for individuals that have single coverage under a high deductible health plan (HDHP) or $6,900 for individuals with family coverage under an HDHP plan. • A valid form of ID (International passport/Driver’s license/National ID/Voter’s card)• Employee ID (low KYC account opened in the absence of international passport/driver’s license/National ID/voter card)• Letter of Introduction from employer• A passport photograph• Utility bill (not necessary if applicant’s company has a UBA account), Diaspora Banking is a unique banking service designed to meet the banking needs of Nigerians living abroad. Joint accounts Joint accounts fall into a separate category, and they carry a $500,000 limit. It’s finally time to grow out of piggy banks. They offer the same flexibility in usage anywhere in the world, including Liberia, and any of the 1 million MasterCard-enabled ATMs in over 210 countries, as well as purchases at over 31 million merchant locations worldwide. UBA’s Debit MasterCard for Domiciliary Account products are tied to card holders’ domiciliary accounts, instead of Liberian Dollars current or savings accounts. Annually adjusted contribution limits, health plan minimum deductibles, and limits on out-of-pocket medical expenses must be met if you're covering health care costs with a Health Savings Account. But maximum single deposits for a savings account is 5 MILLION (i.e if a lodgement is made that exceeds that amout ur account will be flagged for SUSPICIOUS TRANSACTION REPORT). High yield savings accounts are a flexible and easy way to earn interest while saving money. The U-Care Plus Domiciliary Account is a variant of U-care plus savings account, it is an FCY account denominated in USD, GBP, & EURO meant for parents who want to save for children’s secondary/tertiary education abroad. Select LanguageChinese (Simplified)EnglishFrenchPortugueseSpanishSwahili You repay only 5% of the amount borrowed every 30 days when your salary is paid again.Salary Advance is a small, short-term unsecured loan that relies on the borrower having previous payroll and employment records. This limit used to be £75,000 but from 30 January 2017 it increased to £85,000 after the pound's post-Brexit fall prompted a review by the Bank of England. Transfer charge: Zero charge once account balance is up to minimum operating balance. The sad thing is nothing special when you hit that. United Bank of Africa Those banking with the United Bank of Africa popularly known as UBA can save up to ₦5,000, 000 in their savings account. As they grow into young adults, a certain level of freedom is needed to help them grow and build their individuality. We Provide you fast and efficient service across the globe. Merchant Services at UBA include POS, Instant Bills Pay, Shoppers Mall & U-Collect, UBA Corporate Debit Card provides you with better ways to settle your day-to-day corporate expenses, Our business strategy is built on being the bank of choice for businesses across Africa. Can be used as a channel for Investments in securities and real Estate in home & abroad, Valid Identification (International Passport, Driver’s License, National ID card, Voter’s card), Minimum opening balance of $100, €80 or ₤70 or its equivalent in GBP, Euro etc Interest payable on account credit balance subject to a minimum balance of $1,000.00 or its equivalent, Minimum Opening/Operating Balance: $1,000, or €700 or ₤600, Withdrawal Charge : Zero charge once account balance is up to minimum operating balance, Transfer charge: Zero charge once account balance is up to minimum operating balance, Telex transfer charge (Swift communication charge): Compulsory swift communication charge of $25, €20 or ₤15 on all foreign transfers, Attractive Interest rate payable on account balance, A serialized non-clearing cheque-type withdrawal booklet used for withdrawal by account holder only, International passport or Drivers License or National ID card or Voters Card, or Student ID card or Association ID card or Town Union ID card or Residential Estate ID card or Resident Permit (for immigrants), Minimum Operating Balance of $10 or its equivalent, Maximum operating balance of $5,000 or its equivalent, Foreign currency cash deposits can be used to fund the account, Foreign currency inflows & cheques deposit are not allowed in the account, Two Passport photographs of Child and Parent, Address verification of the parent/guardian, Withdrawals: 0.5% + VAT on amount withdrawn, Telex Transfer: 0.5% +VAT or US$10 or its equivalent whichever one is higher + Communication charge of US$25 or Euro 20 or £ 15, Draft request: 0.5% +VAT or US$10 or its equivalent whichever one is higher + communication charge of US$25 or Euro 20 or £ 15. Find news here, Read our latest articles, surrounding new features and upcoming events for the organization, A Repository of Documents Covering the Internal and External Speeches and Presentations, Photos and Videos from our prominent events, Learn about our origins, foundations and beginnings, The management team of the group is made up of a crop of seasoned and industry-recognized professionals, Nigeria has been the site of numerous kingdoms and tribal states over the millennia, We offer forward-looking statements regarding the Bank’s objectives, Over the years, we have been honoured with distinguished awards and prizes, UBA PLC has engaged in some key strategic alliances, We aim to help you through the banking process and also help with your needs, Our digital solutions offer various benefits that ensure you stay in control wherever you are, Some tips that you can follow to protect your banking activities. If your plan is close to the limit don’t worry about future earnings in the account pushing it over. Offers Get exclusive deals and discounts on thousands of brands. UBA’s Debit MasterCard for Domiciliary Account products are tied to card holders’ domiciliary accounts, instead of Liberian Dollars current or savings accounts. Level 2..opened with a photograph and any kind of bloody ID card...highest single deposit is 100k maximum balance is 400k... Levek3...the standard Savings account..opened with valid ID..pasport, nd phcn bill...pay a u like..withdraw as u like.. It is useful when travelling or sending money to relatives abroad and also enables customers to be paid in any foreign currency. ... And the maximum amount? #goog-gt-tt {display:none !important;} Key Takeaways. At UBA, we seek to delight all our customers. The savings account withdrawal limit is no more than six per month and applies to transactions such as overdraft and bill-pay transfers and … At UBA, we seek to delight all our customers. Account is operated in any of the major currencies- US Dollar, GBP, Euro etc For the UBA Sharp-Sharp savings account, the CEO said a minimum opening amount of Le 10,000 is required; with daily and monthly transaction limits of Le500, 000 and Le2.5 million respectively. In the 2020 to 2021 tax year, the maximum you can save in ISAs is £20,000. That means you and your spouse could open an additional account—say, a joint savings account—at the same bank as your individual savings accounts and your retirement accounts, giving you a total of $1.5 million FDIC-insured dollars in your nest egg. There is no upper limit of balance that can be maintained in a Savings Account in India. © 2021 United Bank for Africa. at places near you. So, if you have a checking account and a savings account at the same bank and the total of these two accounts exceeds $250,000, then that excess amount is not covered by FDIC insurance even if each of the accounts individually is below the limit. Minimum Opening/Operating Balance: $1,000, or €700 or ₤600. Features. Dom Advantage is a current or savings domiciliary account denominated in foreign currency – US Dollar, Pound Sterling, EURO etc, but operated by in Nigeria as Domiciliary Account. This is account is for Salary earners, professionals, students, entrepreneurs and all other individuals. Enjoy the flexibility of banking on the go, with our electronic channels (internet banking, mobile banking, ATM and EmailMoni) and get a 30% concession on transaction fee. The interest amount earned on a savings bank account up to Rs.10,000 in one financial year is now eligible for income tax deduction under section 80TTA of the Income Tax Act, 1961. 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