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Best Bank For Students In Nigeria

Hi Guys, Howdy. Today I Will Be Talking About Best Nigerian Bank For Student This 2019.

Am Sure You Where Roaming The Internet on "how to open student bank account in Nigeria", "best bank for student", how to open a bank account online, and you landed on my page here.

Now Adays Young Boys And Girls Needs A Bank Account For One Purpose Or Another But They Don't Know Exactly Which One To Go For. I Mean They Don't Know The Particular One To Choose For Themselves That Won't Cost Them Much Money. 

Are You An Olevel Older? Student? Undergraduate? And Looking Forward To Create A Student Bank Account And You Don't Know Which One To Opt In For Don't Worry Golden Updates Got You Covered.

Today I Will Be Making A List Of Some Bank With Cool Student Account Features And Benefits.

But First What Are The Things You Need To Create A Bank Account. 

1)  Passport: You Need Two Copies Of Passport Photograph Or A Copy In My Case I Used A Copy But Some Banks Requires Two Passport Photograph.

2)  ID (Photo ID): You Will Need Your School Admission Letter, School ID Card, Department ID. Anyone From This List Is Acceptable As For Me I Prefer The School ID Card For Easy Verified.

Those Are The Two Things You Will Need Has A Student To Create A Bank Account.

But Come To Think Of It. Do You Think You Can Just Wake Up One Day And Decide To Go And Create A Bank Account.... Hell No, I Don't Like Something Like That.. What I Know I Won't Use I Won't Just Created For Creating Sake And Also In Some Aspects Gave The Bank False Hope On My Account.

So When Is The Right Time To Open Student Account? 

It Is Very Advisable To Open The Account Before Moving To University Or When You Know You Really Need It For Important Stuffs Not The One You Will Create And Abandon, You Can Also Apply For Loan With Your Student Account Once Or More Times. This Will Help Your Financial Aid As A Student.

Now Let's Move To The Topic

Best Student Bank Account In Nigeria

There are a lot of banks today that want you to open an account with them. But don't be too fast-forward most of them only want customers for there own interests.

Read Also: How To Get Free Airtime In Nigeria 

There are different types of student bank account, includes: Saving and Current student bank account.

List Of Top 5 Best Student Account In Nigeria.

Most Banks Now Offer Student Account Features But Here Am Listing Only The Best.

Banks For Student Account In Nigeria

1)  GTCREA8 Account
GTCRea8 Is For GTBank. It's For Age 16 To 25 Only So If You Don't Fall In This Age Category Don't Bother. They Have Lot Of Features And Benefits Which Are Listed Below.

  • A Master Card
  •  Payments of cheques and dividend warrants, to the sum of N100,000, into your account.
  • 2.5% interest per annum on account balance.
  • Bank 737 services.
  • Unlimited Cash Withdrawal On ATMs within Nigeria and abroad; also cash withdrawals on ATMs abroad with MasterCard logo.
  • Internet Banking.
  • Cash withdrawals in branches.
  • Lodgement of cheques and Dividend warrants subject to a maximum of N100,000 per instrument.
  • Presentation of regulatory ID ( Driver’s License, National ID Card, Permanent Voters card or International Passport) when the cumulative balance in your account is above N1 Million.
  • Maximum amount you will have in your account is 500,000 with the maximum transaction of 100,000 per day.

What are the requirements to register

  • Duly completed application form.
  • A valid means of ID i.e. School ID card or School Admission Letter along with any other form of ID card.
  • One passport photograph

Visit GTCRea8 Here

Best Student Bank Account In Nigeria

2)  First Bank Student Accounts

There are two different types of First Bank accounts for students, there is the FirstInstant account and the Xplore First, both target students from 18 years. The both targets youths, the Xplore First is between the ages of 18 – 29 years while the FirstInstant account is for those who wish to open a no frills account to start their banking experience with FirstBank and it target 18 years and above.

FirstInstant Bank Benefits

  • Both accounts needs a minimum opening balance of N1000.
  • Operating balance of N500 First Instant and N200 for Xplore First.
  • Maximum cash deposit is N50, 000 per transaction.
  • Maximum Balance You Can Have In Your Account Is N300,000.
  • Attractive interest rates.
  • The account can also be operated as a Salary Account.
  • There are no limits to the number of withdrawals you can make from the account in a month.
  • You get a debit card instantly as soon as you open the account.
  • This account type is for those who carry out lower transactions with the bank

Xplore First Bank Benefits

– This account has a minimum opening balance of N1,000.
– Minimum operating balance of N200.
– Automatic migration to regular savings account when the account holder graduates.
– Flexible means of identification.
– Discounted cost of Verve Debit Card.
– Cheques/Dividend warrants lodgement.
– Participation in all savings loyalty campaigns.

How to Apply?

To open a Xplore First Bank account, you visit any of First Bank Branch and FirstInstant bank needs the following:

  1. 2 passport photographs.
  2. A valid means of ID i.e. School ID card or School Admission Letter along with any other form of ID card.
  3. If you are opening this account online however, you do not need any documentation to open the account.

Best Student Bank Account In Nigeria


The First City Momentum Bank offer a student account also. And fortunately, the FCMB FLEXX Student account target both teenagers, o-level holders, undergraduate, from the age of 16years to 30years.

It is much like a savings account designed for Youths Corpers, Young Professionals, and Students.

Benefits of FCMB Flexx Student Accounts

– With just N1,050, you can open the account
– Allows lodgment of dividend warrant of up to ₦20,000
– Zero Minimum operating balance
– Free E-mail transaction notifications
– Free monthly electronic statements
– Branded MasterCard debit card
– Entrepreneurship/Employ-ability Forums
– Interest on savings
– Access to Internet/Mobile banking

To get a dignified FCMB Flexx student account, you can go with the following:
– Completed account opening form/ Online account opening platform
– 1 passport photograph
– Student ID or Appropriate document issued by school for the current session or academic year

Visit FCMB Flexx

Best Student Bank Account In Nigeria

4)  Eco Bank Student Accounts

Whether you're saving for a project or have a longer-term goal, you can save your money digitally, easily and conveniently with the Student e-Savings Account. The account comes with low banking charges too, if you continue to do all your banking electronically on our e-channels. You'll be able to access a range of e-alerts, for when you make deposits or view account balances or statements on your mobile phone. In selected countries, you can also bank digitally at our new Direct Banking Centres.

Things Required Are:
Student ID and,
2 Passports.

Visit Eco bank

Best Student Bank Account In Nigeria

5)  Diamond S.W.A.G

Another superb place to get your student accounts is from Diamond S.W.A.G. The accounts target both students of Tertiary Institutions and Corps Members. It helps you save a lot of money, serves a saving account.

Benefits of Diamond S.W.A.G Account

  • Trendy International Debit card
  • Enjoy great discounts when you shop with your S.W.A.G Card on selected merchant sites e.g.
  • Eligibility to win PocketMoney4AYear and cash prizes on other Promos running from time to time
  • Minimum opening balance of ₦525.
  • Free and secure monthly statements via email.
  • Diamond Bank cheques can be paid into account.
  • Credit interest payable monthly
  • Free Online Banking.
  • Access to the Mobile App.
  • 50% discount for first issuance of our trendy Debit Card.
  • Limited account opening documentation.
  • Reliable and convenient access to Online & Mobile Banking.
  • Offers competitive interest on your savings; payable monthly
  • Exclusive access to Diamond Bank Youth Portal (Coming Soon!)
To get a certified Diamond S.W.A.G student account, you need the following:

– Duly completed account opening form
– A minimum of ₦525.00 to get your Debit Card after account opening
– One passport photo of Student / Corp Member
– Student /Departmental/Faculty ID card or N.Y.S.C Identity Card

Visit Diamond SWAG 

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