Children Education Savings Scheme - CHESS

Educational costs keep rising, doesn’t mean our children don’t deserve the best. With our flexible CHESS account, make every Naira count. A CHESS savings account allows you setup and manage your child’s account just the way you want. The account is available to ages 0 to 17 years with additional benefits for parents who also have accounts with us.

What does it offer you:

Pays interest of 1% above the interest rate earned on savings account
One free withdrawal every quarter
Allows payments of cheques and dividend warrants once KYC requirements are met
You can get a MasterCard debit card

What you need to apply:

Completed CHESS account opening form.
Minimum opening balance of N5, 000
Minimum Daily Credit Balance of N500
Birth certificate of child
Two passport photographs of the child
Two passport photographs of parent or guardian
Valid means of identification of parent or guardian
Optional: Two personal current account references for cheque and dividend warrant payments

Online Banking