Royal Kiddies Essay Competition

Account is operated by the parent/guardian who may or may not have an account with Wema Bank

Minimum opening balance of N2,000

Competitive interest rate  (2.15%)

Limited withdrawals – Max of 1 withdrawal/month to qualify for interest payment

Lodgment of dividend warrants & cheques in child’s name is allowed

No debit card would be issued on this account

A Royal Kiddies e-purse will be made available on request.

Helps parents to save for their child’s future.

Helps to teach a child the importance of saving from a young age and introduces the child to use financial channels through the Royal Kiddies e-purse.

Ensures continuity of child’s education in case of death of parent or guardian.

Allows standing order for regular savings from parent’s/guardian’s accounts for payment of school fees

Higher interest rate than a standard savings account.

Eligibility for the annual Wema Educational Award

Transaction alerts through SMS and/or E-mail

Duly completed account opening form including signature mandate card

Copy of National ID card, Driver’s License, Voters ID or International Passport of the account administrator (parents/guardian)

1 passport photograph each for parent/guardian and child/ward and alternate administrator

BVN of administrator & Alternate administrator (Where applicable)

Birth certificate or School ID of child

Copy of utility bill (Water, electricity, Waste or telephone) issued within the last three months