First bank student account limit

Read all about first bank student account limit.

What is a student account?

A student account is a type of savings account which is applicable for Nigerian students within the age of 16 to 28. The student account was introduced in other to enable Nigeria students save money.

The students account is very easy to open and does not require any amount of money to do so, and you can open an account by using your student ID card, admission letter or National Identity card.

This Nigerian student account is a tier 1 account and has such has limits placed on it i.e. the deposit limit and the operating balance limit.

In this post, I am going to be writing all about first bank student account limit and more. Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

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About First bank?

First Bank of Nigeria Limited (“FirstBank”), established in 1894, is the premier Bank in West Africa, Nigeria’s number one bank brand and the leading financial services solutions provider in Nigeria.

The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. With its head office originally in Liverpool, the Bank commenced business on a modest scale in Lagos, Nigeria under the name, Bank of British West Africa (BBWA).

First bank student account limit

The first bank student account has a cumulative operating balance limit of 300,000 naira and also a single deposit limit of 50,000 naira.

If you want to remove these limits, then you will need to upgrade your bank account by providing a national identity card, voter’s card, driver’s license or international passport.

Requirements to open a first bank student account

The following are the requirements to open a first bank student account:

1. Account opening form duly completed
2. One recent clear passport photography of signatory
3. A valid school/identity card

How to upgrade First bank student account?

Walk into any First bank branch and head to the customer service section and tell them that you want to upgrade your access bank account.

You will be given a form to fill with information like your name, account number, bank verification number, home address, telephone number etc.

Make sure you fill the form correctly and submit, along with the required documents as requested by the staff.

The whole process should not take more than 24 hours or less to complete. Once it is complete, you can now receive any amount of money into your bank account.

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Conclusion

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