Best Bank for Salary Account In Nigeria 

Read all about the best bank for salary account in Nigeria.

A salary account is designed for salary earners to provide easy and convenient access to their funds and also provide value-added services that the traditional current account does not offer. Moreover, this account comes with a lot of benefits, especially the salary advance loan package that has helped many salary workers during hard times.

However, the benefit of opening a salary account differ for each bank. Some bank offers better features and benefit than other banks. This article will discuss the best bank for salary accounts in Nigeria.

Read all about how to open GTbank salary account in Nigeria

The Basics Requirement To Open a Salary Account

• A recent passport photograph is required
• Valid means of identification such as international passport, driver’s license, and national ID.
• A recent utility bill is required.
• Introduction letter from the employer.
• Bank Verification Number (BVN).

Best Bank for Salary Account In Nigeria 

Below are the best bank for salary accounts in Nigeria;

1. First Bank

First Bank is a multinational bank and financial services company established in 1894 which makes it the oldest bank in Nigeria with the largest client base. The bank specializes in retail banking, commercial, and other banking services.

FBN is one of the best banks for salary accounts, they offer zero opening balance, zero maintenance charges, and access to customer loans.

2. GTBank

Guaranty Trust Bank is a limited liability company established in 1990 and licensed by the Central Bank of Nigeria to provide corporate, commercial, and other banking services to Nigerians.

GTB is also one of the best Nigerian banks for salary accounts due to its attractive features and benefits.

3. United Bank for Africa

UBA is a multinational Pan-African financial services group founded in 1949. It provides corporate, commercial, SME, consumer, and retail banking services to more than 30 million customers, served through different channels.

When listing the best bank for salary accounts in Nigeria, UBA can’t be left out because they offer a wide range of account types to fit everyone, regardless of pay grade.

4. Access Bank

Access bank is a multinational commercial bank founded in 1989 and licensed by the Central Bank of Nigeria to provide commercial, corporate, SME, consumer, and retail banking services to over 30 million customers, served through diverse channels. It is one of the best banks for salary accounts and they offer their customer access to loans.

5. Zenith Bank

Zenith bank is a commercial bank licensed by the central bank of Nigeria in 1990 to provide retail banking, commercial, and other banking services. It has always remained one of the best banks for salary accounts because they offer attractive benefits.

6. Keystone Bank

Keystone bank is a commercial bank licensed by the Central Bank of Nigeria in 2011. Furthermore, the bank has met and exceeded all CBN capital adequacy requirements and it provides a wide variety of innovative products and services to meet your lifestyle and business needs.

7. Sterling Bank

Sterling bank is a commercial bank licensed by the central bank of Nigeria in 1960. It provides a wide variety of products and services, such as consumer banking, retail, corporate and financial investment to individuals, small businesses, and large corporations.

Sterling bank is also one of the best banks to a create salary account and they offer quite attractive features.

Read all about how to open Salary account with UBA 

FAQs

Which bank is best for a salary account?

Best bank for salary account

• Zenith bank
• Access bank
• First bank
• Guaranty Trust bank
• UBA

What bank pays the highest salary in Nigeria?

Highest paying bank in Nigeria

• First bank
• Access bank
• Guaranty Trust bank
• Zenith bank
• UBA

Is a salary account better than a saving account?

For salary earners, a salary account is then a saving account. A salary account doesn’t have a minimum balance requirement while a saving account has a minimum balance requirement.

Conclusion: Best Bank For Salary Account In Nigeria

Having a salary account is beneficial to any salary earner, so it’s advisable to open a salary account with one of the above-listed banks because they offer some of the best services.

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