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Posted by Felix on Monday January 20, 2014 at 15:35:49:

More and more Nigerian banks are now giving people the option of opening a basic savings account with little or no documentation. You no longer have to bring in a whole lost of documents that act as proof of address or a personal id card just to open a savings account.

UBA PLC has a savings account called Freedom Basic Savings Account and this is a type of savings account that allows one to save money and also have an ATM card for withdrawal if you just provide a passport photograph and some money in your account.

In fact, you don't really need to bring any money forward just to open the account because you can open it with a zero balance. You jsut need to ad money into your account before getting an ATM card. Once the account has been opened for you with just your passport photo, anyone can start making deposits into your account using your account name and number from anywhere in Nigeria.

What is required for a UBA basic Freedom savings account (UBA BFSA)
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- Passport photo
- Filled application form

Benefits of UBA BFSA
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- Open the account with zero balance(no money)
- Earn interest on your savings
- No need for id card, utility bill or reference
- Account can be upgraded to a full savings account anytime

Conditions of operating a UBA BFSA
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- You can only make a single deposit of N20,000 at a time
- Your account balance can only accept a maximum of N200,000 meaning you can't have more than N200k in your account

I've receive a lot of questions from people who want to open a savings account but don't have an id card. I guess this is a good account for people who prefer little documentation requirements.

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Comments:

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Re: UBA savings account with just a passport photo Reply by inyavic on Wednesday January 22, 2014 at 21:11:34:

Thanks for the info but does GTBank offers this kind of account?




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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday January 22, 2014 at 21:11:34:

Yes they do. I wrote about GT Instant savings account on this blog


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Re: UBA savings account with just a passport photo Reply by Segun on Tuesday February 18, 2014 at 8:55:24:

Good day sir. This programme is very good, it is a good initiatives keepit up. You talked about benefits, you said interest will be given on each saving you made. Explain that clear sir. Thanks.




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Re: UBA savings account with just a passport photo Reply by TYAV DONDO on Wednesday February 26, 2014 at 20:11:22:

OPENING AN ACCOUNT WITH JUST PASSPORT IS A WELCOME DEVELOPMENT FOR THE LESS PRELIVIGE IN THE SOCIETY



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Re: UBA savings account with just a passport photo Reply by promise on Friday April 18, 2014 at 19:47:17:

Is this applicable in Abuja branches?




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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Friday April 18, 2014 at 19:47:17:

It is available in any UBA branch.


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Re: UBA savings account with just a passport photo Reply by gideon agofure on Tuesday April 29, 2014 at 9:57:22:

Gud day,can it also be done in sapele town ?




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Comments:
Re: UBA savings account with just a passport photo Reply by Loveth Ossai on Wednesday September 3, 2014 at 9:57:57:

Please sir which other account can i open with just voters card and passport photograph that allows more than 200k and recieving money from other countries?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday September 3, 2014 at 9:57:57:

Well, you might just have to open a regular savings account.

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Re: UBA savings account with just a passport photo Reply by Oscar on Tuesday September 23, 2014 at 8:30:1:

can it be done in port Harcourt branches, I really do need one

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Tuesday September 23, 2014 at 8:30:1:

I'm guessing UBA is the same everywhere.

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Re: UBA savings account with just a passport photo Reply by hope on Wednesday June 17, 2015 at 20:18:46:

is it still possible to open an account now with just a passport photograph?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday June 17, 2015 at 20:18:46:

Yes, it is still possible.

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Re: UBA savings account with just a passport photo Reply by taiwo deborah on Thursday July 2, 2015 at 21:32:16:

Pls i live in owo,ondo state and i want to open UBA bank account,i can only find the branch in akure can i go ahead to open it there.

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Re: UBA savings account with just a passport photo Reply by PRECIOUS ANDREW on Monday July 6, 2015 at 18:30:9:

PLEASE I REALY WANT TO OPEN AN ACCOUNT AND I HAVE ONLY PASSPORT,WHAT DO I TELL THEM WHEN I GET THERE?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Monday July 6, 2015 at 18:30:9:

Tell them you want to open a Freedom Basic Savings

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Re: UBA savings account with just a passport photo Reply by Jahlive on Monday August 24, 2015 at 19:50:55:

how much must be paid before been given an ATM card on this freedom savings acct

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Re: UBA savings account with just a passport photo Reply by ROGER TORKO on Friday August 28, 2015 at 16:32:10:

I need a full saving account.

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Re: UBA savings account with just a passport photo Reply by Bidemi on Wednesday September 23, 2015 at 13:21:33:

How many days will it take to give me my account no nd ATM card after i have opened it.

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday September 23, 2015 at 13:21:33:

I think it would be made instantly available. Ask your ranch.

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Re: UBA savings account with just a passport photo Reply by ivuongbe victor on Saturday November 21, 2015 at 20:37:37:

Can I transfer money within th country, and can they send money to me within the country

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Re: UBA savings account with just a passport photo Reply by Olumbha on Tuesday December 1, 2015 at 12:4:58:

Goodday sir/ma,
pls i need ur help on how to open savings account.
What and what do i need to open savings account in ur bank i only have school id card with me .
How much do i need to open the account?
Do they issue atm card for the customer?
What is the minimum amount i must have?
And the maximum amount?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Tuesday December 1, 2015 at 12:4:58:

You online need a passport photograph
You don't need any money but even N500 will be ok

They may not issue ATM card to you until after a while and you've built up your balance

There are no minimum and maximum amounts.

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Re: UBA savings account with just a passport photo Reply by sherif on Sunday June 19, 2016 at 11:36:26:

pls i need every information need to open my uba savings account. And do i need any money to open the account too?!

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Re: UBA savings account with just a passport photo Reply by John on Monday June 27, 2016 at 12:24:32:

wow i really like this freedom basic savings account, I thought i will open my own next week.

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Re: UBA savings account with just a passport photo Reply by EZEKWEN EMMANUEL on Saturday September 3, 2016 at 15:53:20:

PLS SIR I ONLY HAVE WAEC & COMPUTER SCHOOL ID CARD, CAN I USE IT TO OPEN UBA FULL SAVING ACCOUNT? PLS SEND MESAGE 4 ME @ MY EMAIL'

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Saturday September 3, 2016 at 15:53:20:

You should visit a bank and try. I'm sure they'll have an account you can open even with just your school id card.

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Re: UBA savings account with just a passport photo Reply by Emmanuel on Sunday October 30, 2016 at 17:47:23:

Will I Open It In Enugu

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Sunday October 30, 2016 at 17:47:23:

You can try visiting a bank

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Re: UBA savings account with just a passport photo Reply by Valentine on Wednesday November 9, 2016 at 12:41:55:

I have this instant account.Now,I'm expecting some money way huge-more than 200k-What do I do?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday November 9, 2016 at 12:41:55:

You can easily upgrade your account to a regular account by providing more documentation

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Re: UBA savings account with just a passport photo Reply by Precious on Thursday November 17, 2016 at 16:11:10:

Please, can money be transferred to my account from abroad

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Thursday November 17, 2016 at 16:11:10:

Yes, it's possible to receive money into your account from abroad.

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Re: UBA savings account with just a passport photo Reply by emmanuel on Wednesday November 23, 2016 at 7:25:6:

will they give me an atm card.
If i open a zero account

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Wednesday November 23, 2016 at 7:25:6:

I do't think so. No ATM cards if you have not deposited any money yet.

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Re: UBA savings account with just a passport photo Reply by Michael onwe on Sunday November 27, 2016 at 14:39:28:

Isn't must for me to go to the bank,can I open it online?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Sunday November 27, 2016 at 14:39:28:

I think you have to visit the bank first.

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Re: UBA savings account with just a passport photo Reply by Thadeus Emmanuel on Wednesday December 7, 2016 at 20:59:40:

This post help me alot,guyz it is real.student have opportunity to open bank account without any unimportant reqiurement by bank.kudos to the dude dat post diz article and my kudos also goea to the architect behind this basic free saving.hope the limitation/demerite wont be unbearable?

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Re: UBA savings account with just a passport photo Reply by Alfa on Saturday December 10, 2016 at 23:42:15:

pls wat do i need to open an acct in UBA, and like how much do i need to open it

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Re: UBA savings account with just a passport photo Reply by Promise David on Sunday February 12, 2017 at 12:18:4:

At which age can i open nd m just 16 yrs old

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Sunday February 12, 2017 at 12:18:4:

You are only allowed to open a bank account in Nigeria if you reach the age of 18 years old but below that, you'd need your parent or guardian to open one on your behalf.

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Re: UBA savings account with just a passport photo Reply by Cynthia on Wednesday February 22, 2017 at 16:1:4:

Thanks for this info

will open the acct next week

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Re: UBA savings account with just a passport photo Reply by Ifemaramma on Saturday February 25, 2017 at 12:31:24:

Can a person who is not a student open zero account?

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Re: UBA savings account with just a passport photo Reply by Felix Okoli on Saturday February 25, 2017 at 12:31:24:

Yes you can open the account even if you are not a student.

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Re: UBA savings account with just a passport photo Reply by Uluh Nmesoma Henry on Tuesday March 14, 2017 at 23:5:45:

If am 17yrs and 3 of july w'll mak me 18yrs, cn i be allow to open freedom basic acct and wht w'll they nid me to bring?

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Re: UBA savings account with just a passport photo Reply by Viczy Miles on Wednesday March 29, 2017 at 14:6:27:

What is the age limit for this kind of account to be created.

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Re: UBA savings account with just a passport photo Reply by GODSWILL on Friday March 31, 2017 at 13:56:32:

WILL THEY GIVE YOU AN ATM CARD?

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