Top 10 Best Banks for Students in Nigeria

Best banks for students in Nigeria: Selecting the right bank as a student is crucial for safely managing your money and accessing key banking services tailored to students.

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With so many options, it can be tricky to determine which banks in Nigeria are the best suited for students.

In this article, we will count down the top 10 banks in Nigeria that offer the best accounts, services, and benefits for university and college students.

Whether you need an account just for school or want to start building your financial portfolio, these top banks have student-friendly features that can help.

Read Also: Mobile and Internet Banking for Zenith Bank, Access, UBA, and First Banks

Top 10 Best Banks for Students in Nigeria

Top 10 Best Banks for Students in Nigeria

Here is the list of the best banks for students in Nigeria:

1. GTBank

With competitive interest rates and zero charges on all transactions, GTBank tops our list of the best banks for students in Nigeria. Their Student Current Account comes loaded with benefits at an affordable rate.

Key Features

  • Zero maintenance fees
  • Free debit card with withdrawals from all ATMs
  • Competitive interest rates on balances
  • Free transfers between GTBank accounts
  • Access to quick credit and loans

GTBank provides a fantastic online and mobile banking platform for convenient access. As Nigeria’s most trusted financial institution, they make safe banking easy for students.

2. FirstBank

FirstBank of Nigeria offers the FirstSave account specifically tailored to 16-25 years old students. The low opening balance requirement and zero maintenance fees provide affordable banking.

Key Features

  • Low opening balance of just ₦1,000
  • Zero monthly maintenance fees
  • Free debit card and 3 free withdrawals monthly
  • Ability to apply for student loans and targeted promos
  • Access to financial literacy resources

With FirstBank, students can bank anywhere in Nigeria and enjoy stellar online banking services.

3. Zenith Bank

Ranked as one of the biggest commercial banks in Nigeria, Zenith Bank offers students the Grow Account with no opening balance requirements and access to exciting rewards.

Key Features

  • No minimum opening balance
  • Zero maintenance fees
  • Access to loans and credit up to ₦500k
  • Exciting rewards and shopping discounts
  • Free debit card and monthly cash withdrawals

Zenith Bank makes mobile banking effortless for students with their user-friendly app and Internet banking platforms.

4. Access Bank

Access Bank’s HYPE account is designed specifically for students aged 14-25 years to save, spend, and grow their finances.

Key Features

  • Zero opening balance and monthly maintenance fees
  • Attractive interest rates on savings
  • Free debit card and 3 debit transactions monthly
  • Access to exclusive HYPE events, giveaways and concerts
  • Innovative 9ja Savings Chatbox on Whatsapp

With advanced digital banking technology and a nationwide presence, Access Bank brings secure banking and exciting rewards to students across Nigeria.


FCMB offers great student banking packages with their Pacesetter Current Account targeted at undergraduates up to age 26.

Key Features

  • Zero opening balance
  • Free debit cards and ATM withdrawals
  • Bank from anywhere with mobile and Internet banking
  • Get easy access to short and long-term loans.
  • Exciting rewards and discounts

For affordable, convenient, and accessible banking, FCMB brings excellent value to students in Nigeria.

Read Also: Spectranet Office in Abuja: Address, Hours, Services, and Plans

6. Sterling Bank

Sterling Bank caters to students with the Sterling E-Campus Account created for undergraduates and graduates under 26 years old. The account offers zero bank charges with free access to cash nationwide.

Key Features

  • No opening balance requirements
  • Zero maintenance and transaction fees
  • Access to loans of up to ₦300k
  • Free debit card and unlimited ATM withdrawals
  • Innovative mobile banking apps for convenience

Sterling Bank brings the flexibility and freedom students need for banking on the go.

7. Wema Bank

With the ALAT Student Account, Wema Bank offers undergraduates between 16-25 years old an affordable and flexible digital banking platform.

Key Features

  • Zero opening balance and account maintenance fee
  • Low and transparent charges on transactions
  • Access to personal loans and funds for laptops
  • Exciting rewards and referral bonus
  • Seamless digital banking platforms

Wema Bank brings innovative digital banking solutions to meet all the needs of university students.

8. Standard Chartered Bank

Standard Chartered Bank offers the Future First Account designed for students 18-28 years old seeking a fully digital banking experience.

Key Features

  • Zero account opening balance
  • No base monthly charges
  • Unlimited free debit card transactions
  • Access to personal loans up to ₦5 million
  • Exciting deals and student promos

With Standard Chartered, students can join the digital banking revolution with paperless banking and top-notch online security.

9. Union Bank

Union Bank offers students and graduates up to age 25 the NextGen account to meet their banking needs. The account offers affordable costs and access to unique savings advantages.

Key Features

  • Low minimum opening balance of ₦100
  • Competitive interest rates on savings
  • Free debit card and 3 free ATM withdrawals monthly
  • Access to personal loans and overdraft
  • Discounted rates on life insurance plans

Union Bank brings peace of mind to students across Nigeria with secure banking operations and nationwide ATM access.

10. UBA Bank

UBA Bank caters to students through their NextGen account, built to provide flexible digital banking for the needs of undergraduates and graduates.

Key Features

  • Zero opening balance and maintenance fees
  • Free debit card and mobile banking apps
  • Access to personal loans, overdrafts, and funds transfers
  • Zero charges on all online transactions
  • Exciting deals and student promos

With a strong online presence and great customer service, UBA Bank brings advanced digital banking to the next generation of students.

Read Also: UBA USSD CODE – How To Activate Ussd Code, Check Balance, Transfer Money and Buy Airtime

To Sum Up

So there you have it! The top 10 student-friendly banks in Nigeria offer affordable fees, exciting rewards, loan access, and stellar digital banking platforms.

As a student, evaluate your needs and compare interest rates, benefits packages, online/mobile banking capabilities, and nationwide availability to select the perfect bank.

With a top bank, you can bank smart, save well, and manage your money wisely during your student years.


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