Purple Account 2017-12-13T11:31:11+00:00

Purple Account

Teenager or Young Adult Account

As a teenager or young adult (whether in secondary school, university or fresh out of the university), the average savings account is not for you. You need an account tailored towards your needs. You need an account designed to give you financial freedom. You need a Purple Account.

  • For young people aged between ages 13 – 24 years; tudents of higher secondary and tertiary institutions; Fresh graduates/Corps members
  • Minimum opening balance of N1,000
  • No minimum operating balance required
  • Allows lodgment of dividends into the account (subject to provision of one satisfactory referee)
  • No charge for transfers (standing instruction) from parent’s/guardian’s account
  • Internet & Mobile banking service available
  • No charge for bank draft purchased for payment of school fees for the account holder
  • Transaction alert available through SMS and/or E-mail
  • Secure & easy access to funds using Wema Bank MasterCard debit card
  • Completed account opening form
  • Copy of valid ID (either of Driver’s License, National ID card, International Passport or Voters Card). Where a valid ID is not available; the following is acceptable:
    > Tertiary Institution’s student ID and Letter of Introduction/Admission
    > Where Student ID card has not yet been issued, a document/letter duly signed and stamped by the school authorities with student’s passport photograph affixed would suffice
  • Copy of utility Bill (Electricity bill, Waste bill, telephone bill or Water bill issued within the last three months)
    >Where a conventional utility bill is not available, Student hall of residence allocation letter is acceptable
  • One passport photograph
  • BVN
  • KYC
Open a Purple Account Now!
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