FirstBank boosts children’s accounts ownership | Dailytrust

FirstBank boosts children’s accounts ownership

First Bank of Nigeria
First Bank of Nigeria

First Bank of Nigeria Limited (FirstBank) has announced that its account products, KidsFirst and MeFirst, were created to encourage the right savings culture among children from zero to 17 years.

In a statement, the bank said KidsFirst Account is designed for children between the ages of zero and 12 to sensitise them on how exciting saving could be.

The account comes with a trendy gift item for the child when the account is opened with a minimum of N10,000. The account is automatically transited to the MeFirst account when the child is 13 years old. MeFirst account is designed for teenagers between the ages of 13 and 17. The account is created in recognition of the need to help teenagers embrace the culture of financial responsibility and cashless payment as they develop into young adults.

The bank also said MeFirst cards were enabled to pay for micro online shopping as desired – mobile games, apple music, Spotify and local POS transactions.

Parents and guardians are granted access to track and control the spending pattern of their children and wards.

Gbenga Shobo, FirstBank’s Deputy Managing Director, said, “Our KidsFirst and MeFirst accounts are designed to ensure that parents and guardians are able to have their wards exposed to the right savings culture and financial discipline as they evolve to adulthood.”

 

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410