Nigerian banks like every other bank in the world operate two major types of account, which are savings and current accounts. These two account types are the same across all banks but are differentiated by brand names and packaging. Despite the similarities shown by these accounts, there are variations across Nigerian banks as far as the opening amount and minimum balance are concerned. However, this article is focused on savings and currents account minimum opening amount and minimum balance in other to maintain these accounts among banks in Nigeria,

Guaranty Trust Bank

GTB savings and current account

GTBank operates on zero opening and zero minimum balance account. GTB were the first to start the zero balance on current account there by giving you total control of your money. This innovation placed GTB as the choicest bank to bank with by both rich and poor.

the minimum opening amount and minimum balance for both savings and current account remains N0.00 till today. However, there are charges for using current account. GTB boast of Zero commission on turnover (COT).

ZENITH BANK

Zenith Bank current and savings account

Zenith Bank is one bank every Nigerian sees with a very high degree of respect. it is a prestigious bank. With a very go history of serving Nigerian very well. When you talk about professionalism in banking, efficiency and effectiveness, Zenith Bank can boast of giving the combination of these qualities.

Minimum Opening amount for current account is = N10,000.
Minimum balance for current account is = N0.00
Minimum Opening amount for savings is = N5,000
Minimum balance for savings is = N500

Note that there must be periodic deposit in your current account to cover for the CoT.

Standard Chartered Bank

standard-chartered current and savings account

Standard Chartered Bank is not a very popular bank, this is because of not having as many bank branches as other indigenous bank however they are strategically positioned to serve their customers very well. Standard Chartered bank of Nigeria are not indigenous bank but they are formidable, strong and reliable. This bank tends to scare average Nigerian away with their huge opening balance for both savings and current account.

Minimum Opening amount for current account is = N50,000.
Minimum balance for current account is = N1,000
Minimum Opening amount for savings is = N50,000
Minimum balance for savings is = N1,000

ECO BANK

Ecobank Nigeria saving and current account

ECO Bank is another non indigenous bank that has serve the African continent very well. You can say ECO Bank is an African bank. Eco Bank operates both savings and current account like every other bank and they are very mild in their minimum opening amount fr both savings and current account.

Minimum Opening amount for current account is = N5,000.
Minimum balance for current account is = N0.00
Minimum Opening amount for savings is = N1,000
Minimum balance for savings is = N500

FIRST CITY MONUMENT BANK

fcmb

First City Monument Bank Ltd is a full service banking group, in Nigeria, with the vision ‘to be the premier financial services group of African origin’. The bank has noticed continuous growth from all side. It has two major types of account which are savings and current account, their third is a hybrid account that uses check book but the check book cannot go for clearance.

Minimum Opening amount for current account is = N5,000.
Minimum balance for current account is = N500
Minimum Opening amount for savings is = N1,000
Minimum balance for savings is = N500
Minimum Opening amount for hybrid account is = N5,000
Minimum balance for savings is = N500

KEYSTONE BANK

keystone-bank

Keystone Bank is simple and innovative. The bank has met all expectation of the CBN and has joined the competition with other banks. To proof their competitiveness, they allow customers to maintain a zero amount in their current account. the breakdown is as follows;

Minimum Opening amount for current account is = N10,000.
Minimum balance for current account is = N0.00
Minimum Opening amount for savings is = N5,000
Minimum balance for savings is = N500

ACCESS BANK

Access Bank current and savings account

Access Bank just like Keystone Bank operate on the same level of savings and current account.

Minimum Opening amount for current account is = N10,000.
Minimum balance for current account is = N0.00
Minimum Opening amount for savings is = N5,000
Minimum balance for savings is = N500

UNION BANK

union bank current and savings account

Union Bank have served Nigerian for years and they are still serving. At a time they seem to be skeptical about technological innovation in the banking sector, hence they decided to stand by and watch how things unveils. But now they are on it again back to 21st century banking with cutting edge technology, they seem ready to recover all they have lost in the past few years. here is their account break down

Minimum Opening amount for current account is = N5,000.
Minimum balance for current account is = N1,000
Minimum Opening amount for savings is = N2,000
Minimum balance for savings is = N500

SKYE BANK

Skye Bank Plc is one of Nigeria’s leading commercial banks. With their belief that the sky is big enough for everyone, they send a strong statement that Skye Bank is big for everyone. their savings and current account breakdown is

Minimum Opening amount for current account is = N5,000.
Minimum balance for current account is = N2,500
Minimum Opening amount for savings is = N5,000
Minimum balance for savings is = N2,000.

DIAMOND BANK

Diamond bank if one the Nigeria's leading banks and they have juicy savings and current account offers that are almost irresistible.They are

Minimum Opening amount for current account is = N10,000.
Minimum balance for current account is = N0.00
Minimum Opening amount for savings is = N5,000
Minimum balance for savings is = N500.

source; http://www.talkasset.com/current-and-savings-account-requirement-for-10-nigerian-banks/

Get your facts straight before posting




I gat #987.00 in Eco bank and it refused airtime purchase via quick teller.

callmeVal:
Get your facts straight before posting




I gat #987.00 in Eco bank and it refused airtime purchase via quick teller.

My facts are right. you need to possibly find out why it didn't go. remember quick teller also have their charges. thank you

anisalome:

My facts are right. you need to possibly find out why it didn't go. remember quick teller also have their charges. thank you

Story for the gods.


Edit that Ecobank Saving's minimum to 1000 jare

Ichommy, come and see this

callmeVal:




Story for the gods.


Edit that Ecobank Saving's minimum to 1000 jare

Ichommy, come and see this

Brother, The thing strong o. I no dey even Understand Naija Banking system again fa.

you go see alert Debit card Men, this charges. Work permit and call permit Charges I dey joke ni o.