PURPLE ACCOUNT

Can a draft be issued on a Purple Account and what charges will apply?
Drafts issued for payment of school fees are commission-free, for other drafts normal charges apply.
Tue, 16 Feb, 2021 at 4:31 PM
Is there interest on this account?
Yes, you earn the same interest as savings account
Tue, 16 Feb, 2021 at 4:31 PM
What is the opening balance for Purple Account?
N1,000
Tue, 16 Feb, 2021 at 4:32 PM
How is this account different from a normal savings account?
The account is meant specifically for youth; hence you get to enjoy events and promotional activities designed for youths. The documentation and age require...
Tue, 16 Feb, 2021 at 4:32 PM
Does my parent need to give their approval for me to open this account?
No, they don't. You can open this account on your own.
Tue, 16 Feb, 2021 at 4:32 PM
I am in the university; do I qualify to open this product?
Yes, you do.
Tue, 16 Feb, 2021 at 4:32 PM
What is Purple Account?
This is a savings account for teenagers & young adults especially those in secondary schools, tertiary institutions & fresh graduates. The account i...
Tue, 16 Feb, 2021 at 4:32 PM
What age group qualifies to operate this account?
13-30 years
Tue, 16 Feb, 2021 at 4:32 PM
What is the maximum single deposit/withdrawal limit for this account?
The maximum single deposit limit for this account is N100,000  If you receive amounts more than this, you will need to upgrade your account to a Tier 3...
Tue, 16 Feb, 2021 at 4:33 PM
What are the documents required to open this account?
Duly completed account opening form including signature mandate card BVN 1 Passport Photograph Any ID Card Evidence of residential address (Wa...
Tue, 16 Feb, 2021 at 4:33 PM