Features
- Opening balance of N1,000
- No minimum operating balance required
- Allows lodgment of dividends into the account
Benefits to Customers
- A pocket money account that ensures secure and easy access to funds as well as interest earning for young adults.
- No charge for transfers (standing instruction) from parent’s/guardian’s Wema Bank accounts to Purple account
- Access to Alat Mobile and Web
- No charge for bank draft purchased for payment of school fees for account holder
- Transaction alerts through SMS and/or E-mail
Documentation
- Duly completed account opening form including signature mandate card
- Copy of National ID Card, Driver’s License, International Passport or voters ID Card
- 1 passport photograph
- Copy of utility bill (Water, electricity, Waste or telephone) issued within the last three months.
- BVN