Savings Account | Access Bank

Enjoy a savings account without hassles.

Open an account now

An instant Savings Account is just that - instant. No long queues, no multiple forms for you to fill. All you need to start and enjoy a savings account is just a passport photograph.

Features

INSTANT SAVINGS 1	INSTANT SAVINGS 2
NGN1,000 minimum account opening balance	NGN1,000 minimum account opening balance
Account details can be uploaded via our contact center, branch or website.	Account details can be uploaded via our contact center, branch or website.
Issuance of Verve cards (only)	Issuance of Verve cards (only)
Interest rate of 8.025% p.a. (per annum)	Interest rate of 8.025% p.a. (per annum)
Maximum single deposit-N50,000	Maximum single deposit-N100,000
Maximum cumulative balance-N300,000	Maximum cumulative balance-N500,000
Transactions are limited to Nigeria	Transactions are limited to Nigeria

Benefits to the Customer

Convenient & flexible account opening requirements.
Account can be opened via contact center, website or in the branch.
The account makes accountholder to be financially-included.
No monthly maintenance charge on the account.
Provides account information updates via SMS/Email alerts.
Access to cash anytime, anywhere with debit cards on ATMs
Use of Verve debit cards on POS terminals

Requirements

INSTANT SAVINGS 1	INSTANT SAVINGS 2
Duly completed account opening form including signature mandate section	Duly completed account opening form including signature mandate section
1 passport photograph	1 passport photograph
Means of identification not required	Means of identification required (secondary ID allowed: any verifiable ID e.g. Association ID, student ID)
- Address verification not required - BVN of signatory(ies) - AML risk assessment	- KYC Documentation of the customer - Valid proof of residence - Visitation report - BVN of signatory(ies) - AML risk assessment
Customer data verification not required	Customer data to be verified with NIMC, INEC, FRSC and others where applicable.