Diaspora Banking
Get friends and family to signup for Diaspora banking today and receive amazing interest.
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Get friends and family to sign up for the Diaspora account.
Refer your friends and relatives abroad to open a UBA
Diaspora account and get PAID N5,000 for each
successful referral. The more friends and family in the
Diaspora you sign on, the more your reward
Diaspora Current Account
Take the first step towards managing your money better.
There is a UBA Savings account suitable for everyone.
- No minimum operating balance
- Allows payment orders to third parties
- Internet banking access
- Personalized cheque booklets
- Access Debit MasterCard or Visa Dual Currency Debit Cards available on request
- Option of a Nominee resident Joint Signatory in Nigeria (eg. spouse, parent, etc)
- Access to credit facilities
- Minimum opening balance of ₦50,000
- No minimum operating balance
Diaspora Savings Account
We have unique savings accounts for the students with a distinctive sense of identity.
- Minimum opening balance of ₦20,000
- Minimum operating balance of ₦20,000
- Allows payment orders to third parties
- Internet banking access
- Attractive interest rate
- E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token)
- Access Debit MasterCard or Visa Cards available on request
- Option of a Nominee Resident Joint Signatory in Nigeria (eg. spouse, parent, etc)
- Minimum opening/operating balance of ₦20,000
- Forfeit interest after more than three withdrawals
- E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token)
- Access Debit MasterCard or Visa Cards available on request and at a token
Diaspora Domiciliary Account
This is opened as Domiciliary Accounts. It is offered to corporate companies that has minimum of 51% shares holdings by Nigerian(s).
- Opening balance of 100USD, 80EUR or 70GBP
- Minimum operating balance of 100USD, 80EUR or 70GBP
- Interest payable on account balance of 1000USD, 800EUR or 700GBP and above
- Foreign cheques/instruments can be credited into the account
- Allows third party withdrawals across the counter via non-clearing cheques
- Withdrawal & transfer charge of 0.5% + VAT on amount withdrawn or transferred
- Compulsory Swift communication charge of 25USD, 20EUR or 15GBP
- E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token
- Access Debit MasterCard or Visa Cards available on request
- Opening balance of 100USD, 80EUR or 70GBP
- Minimum operating balance of 100USD, 80EUR or 70GBP
- Interest payable on account balance of 1000USD, 800EUR or 700GBP and above
- Withdrawal & transfer charge of 0.5% + VAT on amount withdrawn or transferred
- Swift communication charge of 25USD, 20EUR or 15GBP
Benefits
- Easy and cheaper way for home remittances for Domiciliary account holders
- Account serves as a major savings for Domiciliary account holders
- Access to MasterCard or Visa Dual Currency Debit Card (DCDC)
- Check balances only; via U-Direct (for Domiciliary account)
- Account can be used to settle payments for eligible transactions at home & abroad using UBA Direct internet banking
- Interest Rate of 0.1% on the foreign currency denominated account and 3.6% on the Naira account
- Free network transactions across all UBA branches in Nigeria
Requirements
- Completion of Domiciliary account opening form or Online account completion
- 2 passport photographs
- Proof of source of funds - Recent payslip, Work ID, Letter of reference from current bankers, business registration documents if self employed. For Student, Admission and registration documents from school
- Proof of address - Utility bill not exceeding last 2 months, last 6 months bank statement
- Proof of identification - Drivers license, International passport, Resident permit/Work permit
- Completion of indemnity form
- Attestation of all requisite documents by any of the following; Notary Public, Nigerian Embassy, UBA staff or Customer's bank
Fees/Charges
- Zero charge Diaspora Banking Savings Account
- 0.5% + VAT charge on amount withdrawn or transferred in Domiciliary Account
Interest Rates
- Negotiable interest rate on Domiciliary Current Account
- 4.2% pa interest payable on Savings Account
- 0.1% pa or more interest payable on Domiciliary Account with balance of 1000USD, 800EUR or 700GBP & above