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CHESS Account

CHESS Savings Account

The flexible CHESS account makes every Naira count for you and your child.

CHESS Account Benefits

Affordable

Low Opening Balance

Mobility

Download the app, no need to go to a branch

Inclusive

Available for kids between ages 0 and 17 yrs

Independence

A MasterCard debit card
What You Get
  • An account to manage your child’s savings for educational fees, extra classes, or simply learning about money.
  • Interest rate of 1% above the average savings account
  • Forfeiture of 1% interest upon more than 1 withdrawal in a quarter and forfeiture of savings rate if there are more than 4 withdrawals in a month
  • MasterCard debit card for easy access to your money
  • 24/7 Access to the customer care centre via phone, email and social media.
  • Full digital banking access – internet, app and USSD
  • Payment of cheques and divided warrants when KYC requirements have been met
What It Costs
  • N 2 000 Opening balance
  • Minimum N 5 000 daily balance

See product pricing guide on page below

How To Get It
  • Minimum opening balance of N2 000
  • Application form
  • Child’s birth certificate
  • Two recent passport photographs of the child
  • Two recent passport photographs of the parent
  • A valid ID of the parent
  • Two reference forms - to enable cheque payments (Optional)

 

  • What You Get
  • What It Costs
  • How To Get It
  • An account to manage your child’s savings for educational fees, extra classes, or simply learning about money.
  • Interest rate of 1% above the average savings account
  • Forfeiture of 1% interest upon more than 1 withdrawal in a quarter and forfeiture of savings rate if there are more than 4 withdrawals in a month
  • MasterCard debit card for easy access to your money
  • 24/7 Access to the customer care centre via phone, email and social media.
  • Full digital banking access – internet, app and USSD
  • Payment of cheques and divided warrants when KYC requirements have been met
  • N 2 000 Opening balance
  • Minimum N 5 000 daily balance

See product pricing guide on page below

  • Minimum opening balance of N2 000
  • Application form
  • Child’s birth certificate
  • Two recent passport photographs of the child
  • Two recent passport photographs of the parent
  • A valid ID of the parent
  • Two reference forms - to enable cheque payments (Optional)

 

Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2021.
2021-01-03
345KB
PDF
Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2021.
We also offer
Mobile App_SB_1152373208
Internet Banking

We provide a safe and secured environment for you to make transfers, payments and track your account easily with our internet banking anytime and anywhere. Register or log on to our internet banking now.

Current account
Personal Current Account

Easy and convenient banking with the Personal Current Account. With access to 24/7 online banking platforms