Good day Nairalanders!

Has anyone noticed these facts about Nigerian banks and their savings accounts:

1. All banks are the same. They basically have the same interest rates.
2. The interest you supposedly earn on your savings is wiped out via SMS charges and other useless fees
3. Some banks are highly prone to fraud... internal and external fraud.
4. Some Bank credit cards/ATM have issues with international transactions. (Gtbank MasterCard is not useless for international transactions)
5. Some banks use different excuses to steal or drain your savings


Personally, I don't care for interest. However, I hate it when banks use different means to attack my saving, draining it like MTN. I also value the account security and a good Credit card for international transactions.

I did have a GTBank savings account until recently when I realized i could no longer make international transactions with my MasterCard. Apparently, they no longer allow it. Their numerous banking charges have been annoying me for a while but this last one of blocking International card transactions was the last straw. I wanna move to another bank now.

What i am trying to ask is... Which is the best bank to set up a saving account in this country?

Quim2:
Good day Nairalanders!

Has anyone noticed these facts about Nigerian banks and their savings accounts:

1. All banks are the same. They basically have the same interest rates.
2. The interest you supposedly earn on your savings is wiped out via SMS charges and other useless fees
3. Some banks are highly prone to fraud... internal and external fraud.
4. Some Bank credit cards/ATM have issues with international transactions. (Gtbank MasterCard is not useless for international transactions)
5. Some banks use different excuses to steal or drain your savings


Personally, I don't care for interest. However, I hate it when banks use different means to attack my saving, draining it like MTN. I also value the account security and a good Credit card for international transactions.

I did have a GTBank savings account until recently when I realized i could no longer make international transactions with my MasterCard. Apparently, they no longer allow it. Their numerous banking charges have been annoying me for a while but this last one of blocking International card transactions was the last straw. I wanna move to another bank now.

What i am trying to ask is... Which is the best bank to set up a saving account in this country?

Zenith Bank. Respect

Thank you for this thread, I was just about to ask the same question but decided to check if there is one already. I use Access bank but want to change to another bank that wont be debiting my account every week with no reason.

Please, beautiful people what is the most reliable Nigerian bank to set up for savings and withdrawal account? Thank you in advance