Of course, several banks have products to get you in line with your dream for your children. ZECA which is a product by Zenith Bank is one of such.
While announcing the Zenith Children's Account (ZECA), on Children's Day, the bank was motivational, calling this "the best gift you can give your child".
The Zenith Bank Children’s Account is a unique savings account designed to allow parents to save (in Naira or US Dollars) for their children’s future and teach them about savings from a tender age. The account is modeled in two tiers for young children and teens with the overarching objective of making savings fun for them and teaching them financial discipline.
ZECA account is modeled in two tiers for young children and teens with an overarching objective of making savings fun for them and teaching them financial discipline.
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Features of the Zenith Bank Children’s Account
- An account specifically for children between the ages of 0-12yrs
- Zero account opening balance
- The interest rate at 1.15%
- Standing order credit option
- Cheque, draft, and dividend lodgment
- Invitation to the annual Zenith Children’s Parade
Requirements to Open Zenith Bank Children's Account
- Account opening form duly completed
- One recent clear passport photograph of the Guardian/Parent and child
- Birth Certificate of Child
- Identification of signatories (Driver’s License, International Passport,
- National Identity Card or Voter’s Card)
- Residence permit (where applicable)
- Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)
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