Are you a student in Nigeria owning a FirstBank student account but don’t know the maximum amount your account holds? Then this guide will give you detailed information about the maximum amount in a First Bank student account.
So, it will be in your interest to read till the end of this guide to help apprehend every piece of information shared in this article.
The FirstBank Nigeria has a special account for students that comes with a lot of benefits to support and help students survive life in school.
The financial institution never leaves anyone out.
You might think FirstBank is only into financial services that support business in return for profit on the loans given out to businesses.
Rather, the bank has a keen interest in education and has implemented a way for students to own an account with the financial institution that will help them survive through their education in Nigeria.
So, if you’re ready to be more enlightened about the FirstBank student account, then let’s proceed with some more detailed information.
Table of Contents
What Is First Bank Student Account
FirstBank student account is a bank account precisely reserved for students until the student graduates.
After student graduation and upon provision of full KYC, the student account will automatically migrate to a savings account.
Who Qualifies To Open First Bank Student Account
Every undergraduate student in Nigeria who is 16 years or above qualifies to open a FirstBank student account.
Always ensure that before you plan to open a FirstBank student account, you must be enrolled in an undergraduate educational program in Nigeria to qualify for opening a student account with FirstBank.
How Do I Open A Student Account With First Bank
To open a FirstBank Nigeria student account, you’ll have to make sure you have all the documents that will be needed to open an account with FirstBank.
Also, provide the documents that prove you to be an undergraduate student in Nigeria and visit any nearest branch of the FirstBank Nigeria.
At the bank premises, provide your documents to the right representative to assist you in opening your FirstBank student account.
What Are The Benefits Of A FirstBank Student Account
Below are some of the benefits gained from owning a FirstBank student account:
1. No monthly maintenance fees on a student account
2. Free access to online and mobile banking
3. It takes N0.00 to open a FirstBank student account
4. The minimum operating amount of the account is N100.00
5. The FirstBank student account can receive a maximum of N50,000.00 per credit transaction
6. The maximum cumulative credit balance of FirstBank student account is N500,000.00
What Is The Maximum Amount In First Bank Student Account
The FirstBank student account can have a maximum account balance of N300,000.00.
So, ensure that any deposit you make into your student account corresponds with the maximum account balance limit of the FirstBank student account mentioned above.
That is the information we can provide to enlighten you about the maximum amount in the First Bank student account.