Today’s guide will enlighten our readers by informing them about the maximum amount in the First Bank student account.
So, we recommend you to keep reading till the end of this guide to help apprehend every piece of information shared.
Many banks are only concerned about savings, loans, and investments and never consider creating a good banking experience for students.
With FirstBank, everything is different when a student’s wellbeing is a priority to the Financial institution.
FirstBank gives students (tertiary students) the chance to open a student account with the bank, which has different terms and conditions than holding any other bank account.
The FirstBank student account comes with many benefits that ensure students have the freedom and access to their finances with ease.
FirstBank gives students the chance to use still their student’s account after school, but a few changes have to be made to make it possible.
If you are ready to read more to know about the maximum amount a FirstBank student account can hold, then let’s proceed further with some vital information.
Table of Contents
What Is FirstBank Student Account
FirstBank student account is a bank account specifically reserved for students in Nigeria.
The student account gives tertiary students the freedom and privilege to banking in Nigeria with less or no charges until they graduate.
Can Anyone Own A FirstBank Student Account
No, Students in Nigeria who are 16 years and above stand the chance to open a FirstBank student account.
All that is required is proof of one being a student in Nigeria, then FirstBank will process your request to enroll you in a FirstBank student account.
What Is The Maximum Amount In First Bank Student Account
The default maximum amount in a FirstBank student account is N300,000.00n and a maximum deposit limit of N50,000.00. The good news is that you can visit the nearest FirstBank branch in Nigeria to upgrade your maximum student account balance and deposit limit.
How Do I Open Student Account With FirstBank
The first thing to consider is if you are a qualified Nigeria student, you can then proceed with documents preparation.
You’ll have to provide documents that prove you to be an undergraduate student in Nigeria and your ID card to prove your identity.
With the grab of all these documents, you can herd straight to any nearest FirstBank Nigeria branch and present your documents to set up your student account.
FirstBank will process your request when all information provided is accurate, and you’ll be a FirstBank student account holder.
Benefits Of A FirstBank Student Account
Below are some of the benefits gained from a FirstBank student account:
1. Gives students free access to FirstBank online and mobile banking
2. FirstBank student account has no monthly charges
3. It cost N0.00 to open a FirstBank Nigeria student account
4. The minimum amount required to operate a FirstBank student account is N100.00
5. Maximum of N50,000.00 per credit transaction can be made into a FirstBank student account
That is the information we can share with you about the maximum amount in the FirstBank student account.