United Bank for Africa Plc has overhauled its NextGen account with zero-charges on all transaction as one of its numerous features.
The account, which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), is aimed at deepening financial inclusion and inculcating a savings culture in these target segments of the Nigerian population.
The bank’s group head in charge of retail banking, Mr. Jude Anele explained at the re-launch of the product in Lagos that NextGen is a suite of personal accounts designed to meet the needs of young persons, grooming and growing with them from teenage years to adulthood.
He said the bank takes up an additional role of mentoring the young ones and assisting with tips towards guiding their future.
The added benefits would confer premium services to the young account holders.
UBA, which operates in 20 African countries, introduced NextGen Account to encourage active savings among young people and teach them to manage their money effectively while enjoying world-class services that suite their lifestyles.
“The NextGen Account is our way of putting students in charge of their money so they can do more, especially at this critical stage of their lives with an account that comes free of fees,” Anele said.
“The new NextGen Account opens students and NYSC members up to several benefits and opportunities, including multiple digital channels that make banking just another fun thing to do on their mobile phones,” he added.
Besides, he said holders of the NextGen Account holders stand to win pocket money, complimentary invites to prime events and enjoy zero charge on all transactions.
For his part, the group head, of marketing, Ms. Dupe Olusola, said NextGen “is more than just an account” adding that it will partner with a three-member group, DRBLasGidito to ignite the interest of young people in the offering.
“DRB LasGidi has proven to be culture shapers, pioneering the popular Alté (meaning alternative) movement, which promotes self-confidence and encourages young people to embrace their individuality.
“As the face of the Alté subculture in Nigeria, DRB LasGidi is a perfect representation of the NextGen lifestyle of self-confidence and uniqueness,” said Olusola.
Speaking onbehalf of the group, Bolaji Ojodukan popularly known as BOJ, expressed excitement at the partnership.
“Like most young people today, we were just being ourselves. But now, we have a movement and now our own bank; the Alté Bank of Africa,” BOJ said.
