If you are a student in Nigeria and you have a FirstBank student account, but you don’t know how much money it can hold, read on. Then this guide will tell you everything you need to know about how much you can put in a First Bank student account.
So, it will be in your best interest to read this guide all the way through if you want to understand everything it says.
FirstBank Nigeria has a special account for students that gives them a lot of benefits to help them get through school.
No one is ever left out by the financial institution.
You might think that FirstBank’s only business is giving loans to businesses and making money off of the interest on those loans.
Instead, the bank cares a lot about education and has made it possible for students to open an account with the bank that will help them live while they are in school in Nigeria.
So, if you’re ready to learn more about the FirstBank student account, let’s go ahead and go into more detail.
WHAT IS THE FIRST BANK ACCOUNT FOR STUDENTS?
The FirstBank student account is a bank account that only students can use until they graduate.
The student account will automatically become a savings account once the student has graduated and given full KYC.
WHO CAN OPEN THEIR FIRST STUDENT ACCOUNT AT A BANK?
A FirstBank student account can be opened by any Nigerian college student who is at least 16 years old.
Make sure you are enrolled in an undergraduate program in Nigeria before you open a student account with FirstBank. You must be enrolled in an undergraduate program in Nigeria to open a student account with FirstBank.
HOW DO I OPEN A FIRST BANK STUDENT ACCOUNT?
To open a student account with FirstBank Nigeria, you’ll need to make sure you have all the documents needed to open an account with FirstBank.
Also, show proof that you are an undergraduate student in Nigeria and go to any FirstBank Nigeria branch near you.
Give your documents to the right person at the bank so they can help you open your FirstBank student account.
WHAT DOES A FIRSTBANK STUDENT ACCOUNT DO FOR YOU?
Here are some of the benefits of having a student account with FirstBank:
1. There are no monthly fees for a student account
2. Free access to banking online and on your phone
3. A FirstBank student account costs nothing to open.
4. The account can be used with as little as N100.
5. A student account at FirstBank can receive up to N50,000 per credit transaction.
6. A FirstBank student account can have a total credit balance of up to N500,000.00.
HOW MUCH CAN YOU HAVE IN YOUR FIRST BANK STUDENT ACCOUNT?
The most money that can be in a FirstBank student account is N300,000.00.
So, make sure that any money you put into your student account doesn’t go over the maximum account balance that FirstBank allows for student accounts.
This is what we can tell you about how much you can have in your First Bank student account.