UBA Target account, as the name suggests, helps you to reach your target savings amount. Although many of you have heard about the account, be that as it may, they always ask, how does a UBA Target account work?
You have come to the right place, and in this simple guide, we shall give you details about the Target account.
We all want to save for something at some point in our lives, including Children’s education, building projects, buying vehicles, buying properties, and many more.
For that reason, UBA Bank Nigeria has introduced a type of savings account equipped with all the necessary features to help you save towards your target.
Hence the name Target account.
But how does it work?
What are the benefits?
These are many more reasons why we have dedicated this guide to details about how the UBA Target account work.
What Is UBA Target Account
UBA Target account is a type of Savings account purposely designed to help customers save towards a set goal, including projects, children’s education, purchasing properties, building, and many more.
Who Qualify For A UBA Target Account
Anyone can open a UBA Target account irrespective of your working class and how much you earn at the month.
So, no matter the kind of work you do, you are eligible to open a target account at any time.
How Does UBA Target Account Work
UBA Target account works in such a way that it helps customers to save towards a financial set goal in which you will be saving an amount to hit your target.
It can be a target towards buying a property like cards, lands, buildings, and many others.
Also, you can save towards your educations, investment, and more using the target account.
How Much Do I Need To Open a Target Account
To open a UBA Target account, you need a minimum of N50,000 before you can open it.
So the UBA Target account opening balance is N50,000 for signing up for the account.
Please note that it is not a fee for opening the account but a mini9mum initial deposit.
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