A bundle of joy is
how most parents will describe their child. But many parents leave their bundle
of joy unprotected financially. Making sure that a child is
financially secure is the best love a parent can show a child.
To make it easier
for parents to financially secure their child’s future, United Bank for Africa
(UBA) Plc introduced U-CARE, a special account that is designed to take care of
the unique banking needs of children.
U-CARE is designed
to help secure a child’s education-the best legacy any parent can give a child
and which Late Nelson Mandela described as “the most powerful weapon which you
can use to change the world.”
U-CARE allows
parents to open an account, in their child’s name, into which they can put some
money aside, on a regular basis, to ensure that their child’s education is
secured. U-CARE is ideal to support a child’s education all the way from
primary to secondary school.
Opening of UBA
U-CARE account has been made easy and affordable so that all parents can open
an account for their lovely child. Opening balance is N2, 000($12) only.
Parents can lodge
dividend payments into the account which means that all dividends from stock
market investments which they have made on behalf of the child can be paid
directly into his or her U-CARE account.
Cheques can also be
paid directly into a U-CARE account. Parents can also set up direct transfers
from their salaries in favour of the account to ensure that their child’s
savings is topped-up regularly or as they earn money. Parents can also set up online bank accounts
to directly transfer fees into the child’s school.
As an added value,
parents can apply for an overdraft to pay
for school fees, if they are temporary low on cash. This is to ensure that the child’s school
fee is paid on time to avoid any disruption in school attendance.
U-CARE also earns
an attractive interest rate.
To show your child
how U-CARE, send a mail to Retail.Products@ubagroup.com
or just call 07002255822 or +2348025606100 (for those outside Nigeria.)
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FAQ (FAQs)
In the course of providing such services, we have met many customers with different questions, so aim to answer a few questions you may have:
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No, we do not sell money. If properly read your post, you will understand how this whole thing.
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