CHESS Account
The flexible CHESS account makes every Naira count for you and your child.
N
1 000
Opening deposit
Mobile App, USSD and Internet Banking
Access to Funds
N1 000
Minimum daily balance
CHESS Account Benefits
Affordable
Low Opening Balance
Mobility
Download the Mobile App, no need to go to a branch to transact
Inclusive
Available for kids between ages 0 and 17 yrs
Independence
A Verve debit card for easy access to your money
What You Get
- An account to manage your child’s savings for educational fees, extra classes, or simply learning about money.
- Interest rate of 1% above the average savings account
- Forfeiture of 1% interest upon more than 1 withdrawal in a quarter and forfeiture of savings rate if there are more than 4 withdrawals in a month
- Verve debit card for easy access to your money
- 24/7 Access to the customer care centre via phone, email and social media.
- Full digital banking access – internet, Mobile App and USSD
- Payment of cheques and divided warrants when KYC requirements have been met
What It Costs
- N 1 000 Opening balance
- Minimum N 1 000 daily balance
See product pricing guide on page below
How To Get It
- Download the application form here
- Child’s birth certificate
- One recent passport photograph of the child
- One recent passport photograph of the parent
- A valid ID of the parent
- Residence permit (for a non-Nigerian residing in the country)
- BVN and NIN of parent/guardian
- Evidence of residential address of the parent/guardian
- Two reference forms - to enable cheque payments (Optional)
- The completed application form and supporting documents should be sent to [email protected] via mail or submitted at the nearest Stanbic IBTC Bank branch in your location
-
What You Get
-
What It Costs
-
How To Get It
- An account to manage your child’s savings for educational fees, extra classes, or simply learning about money.
- Interest rate of 1% above the average savings account
- Forfeiture of 1% interest upon more than 1 withdrawal in a quarter and forfeiture of savings rate if there are more than 4 withdrawals in a month
- Verve debit card for easy access to your money
- 24/7 Access to the customer care centre via phone, email and social media.
- Full digital banking access – internet, Mobile App and USSD
- Payment of cheques and divided warrants when KYC requirements have been met
- N 1 000 Opening balance
- Minimum N 1 000 daily balance
See product pricing guide on page below
- Download the application form here
- Child’s birth certificate
- One recent passport photograph of the child
- One recent passport photograph of the parent
- A valid ID of the parent
- Residence permit (for a non-Nigerian residing in the country)
- BVN and NIN of parent/guardian
- Evidence of residential address of the parent/guardian
- Two reference forms - to enable cheque payments (Optional)
- The completed application form and supporting documents should be sent to [email protected] via mail or submitted at the nearest Stanbic IBTC Bank branch in your location
Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 01 January 2024.
Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 01 January 2024.
We also offer
Internet Banking
We provide a safe and secured environment for you to make transfers, payments and track your account easily with our internet banking anytime and anywhere. Register or log on to our internet banking now.
Personal Current Account
Easy and convenient banking with the Personal Current Account. With access to 24/7 online banking platforms