Savings Accounts

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Save to Win with UBA!

Stand a chance to win your share of ZMW 50,000 and other consolation prizes with “Save to Win with UBA ” promotion!

Terms and Conditions

1. The competition will run from the 1^st of March to the 31^st of May 2022.

2. Participants will be mass-market prospects and customers who already have UBA Zambia Savings accounts.

3. The mass-market prospects must open one or more UBA Zambia Savings Account/s (Kiddies, Teens, NextGen, Bumper Savings and Freedom Savings Account) between the 1^st of March and the 31^st of May 2022. Already existing UBA Zambia Savings Account holders who make the deposit stipulated in these Terms and Conditions will also be eligible to participate in the Competition.

4. Participants must make a minimum deposit of ZMW 1,500.00 between 1^st of March and 31^st May 2022 and maintain it on the UBA Zambia Savings account throughout the period of the completion in order to stand a chance of winning ZMW 10,000.

5. The 5 Winners of the competition will be picked based on a draw that will be made on all eligible Savings Accounts.

6. The 5 Winners will be awarded with cash ZMW 10,000 and UBA branded items T-shirts/ Bottles/ Pig banks/ and Pens.

7. The Bank reserves the sole discretion to determine the prizes or its equivalent.

8. The 5 Winners will be announced on Social Media or any Media Platform deemed fit, and by agreeing to these conditions you consent that the Bank may use your name and image on social media or any media platform for the purpose of making the announcement.

9. The Bank shall not be liable for any loss or damage that the participants incur because of participating in the competition/ campaign/ promotion.

10. The Bank reserves the sole discretion to determine the number of winners of the competition.

11. The Bank reserves the sole discretion to end the competition at any time without the consent of the participants.

12. The Bank shall not be obliged to account to the participants insofar as the selection process of winners is concerned

13. The Bank reserves the right to revise these conditions from time to time.

UBA Kiddies Savings Account

It’s never too early to get them started, open a UBA kiddies account and enjoy amazing benefits. The kiddies Account allows parents to start saving for their kids as soon as they are born, and as they grow older, educate them about money and savings.

The UBA Kiddies Savings account is designed to assist parents to educate Kids between 0 – 12 years on financial literacy and introduce them to money management.

Benefits

•4 % interest per annum paid quarterly
• Cheque book allowed
• Minimum of K6000 maintained in the account for 12 months, 5% additional bonus interest to be paid.
• Free Debit Visa card and Mastercard for ATM.
• Free internet transactions and POS machine transactions on the account

Features

• Minimum initial opening balance of ZMW50
• Minimum operating balance ZMW50
• No maximum deposit
• Allows direct deposits and cash transfers
• Allows lodgement of dividend warrants and cheques
• ATM fee of ZMW 5 for an amount less than ZMW 100 and ZMW 7 for amounts more than ZMW 100
• Monthly maintenance fee zero
• Maximum of 3 withdrawals per month if exceeded forfeit the interest earned.

Requirements

• Fully completed account opening pack
• Fully completed Signature mandate card
• Valid IDs: NRC/Passport /Driving Licence for the Parents / Guardians
• Affidavit for Guardians
• Childbirth record
• 2 Passport size photographs for Signatory and the Child
• Proof of residence for the parents/guardians
• Reference letter from any account holder.
• TPIN Certificate and complete KYC

UBA NextGen Savings Account

The UBA NextGen is uniquely designed for young people aged between 18 – 25 years. It is intended to enhance the lifestyle of millennials while providing a platform to build financial independence. This Savings account is designed for Zambian millennials to enable them to save money more regularly.

Benefits

•4 % interest per annum paid quarterly
• Minimum of K6000 maintained in the account for 12 months 5% additional bonus interest to be paid.
• Free Debit Visa card and Mastercard for ATM.
• Free internet transactions and POS machine transactions on the account

Features

• Minimum initial opening balance of ZMW50
• Minimum operating balance ZMW50
• No maximum deposit
• Allows direct deposits and cash transfers
• Allows lodgement of dividend warrants and parents’ cheques only
• Cheque book not allowed
• ATM fee of ZMW 5 for amounts less than ZMW 100 and ZMW 7 for amounts more than ZMW 100 at a UBA ATM
• Monthly maintenance-free
• Maximum of 3 withdrawals per month if exceeded forfeit the interest earned

Requirements

• Fully completed account opening pack
• Fully completed Signature mandate card
• Valid IDs : NRC/Passport /Driving Licence for the signatory
• 2 Passport size photographs for Signatory
• Proof of residence
• Reference letter from any account holder.
• TPIN Certificate

UBA Bumper Account

This is an account for salary earners, professionals, students, entrepreneurs and all other individuals.

Benefits

• 5 % interest per annum paid quarterly
• Minimum of ZMW 5000 maintained in the account for 3 months customer will be awarded bonus ranging ZMW 300 to ZMW 1500.
• Cheque book allowed
• Free Debit Visa card for ATM
• Free internet transactions and POS machine transactions on the account

Features

• Minimum initial opening balance of ZMW50
• Minimum operating balance ZMW50
• No maximum deposit
• Allows direct deposits and cash transfers
• Allows lodgement of dividend warrants and cheques from other banks
• ATM fee of ZMW 5 for amounts less than ZMW 100 and ZMW 7 for amounts more than ZMW 100 at a UBA ATM
• Monthly maintenance-free
• Maximum of 3 withdrawals per month if exceeded forfeit the interest earned

Requirements

• Fully completed account opening pack
• Fully completed Signature mandate card
• Valid IDs: NRC/Passport /Driving Licence for the signatory
• 2 Passport size photographs for Signatory
• Proof of residence
• Reference letter from any account holder.
• TPIN Certificate

Freedom Savings Account

The Freedom Savings Account is designed to encourage the unbanked and the under-banked to open a savings account.

Benefits

• 3% Interest per annum paid quarterly
• Access to internet & mobile banking services
• Debit card for ATM, Internet & POS transactions

Features

• ZMW40 opening account balance
• ZMW40 minimum operating balance once funded.
• Maximum operating balance of ZMW25,000 otherwise the account should be migrated to the regular savings account
• ATM fee of ZMW 5 for amounts less than ZMW 100 and ZMW 7 for amounts more than ZMW 100 at a UBA ATM
• Zero Monthly maintenance fees
• Maximum 3 withdrawals per month which if exceeded, forfeits the interest earned

Requirements

General Savings Account

UBA savings account is an account that enables holders to save money regularly and allows for instant cash withdrawals without notice or charges.

Benefits

• 3 % interest per annum paid quarterly
• Allows direct deposits and cash transfers from your current account into your savings account.
• Allows Network transactions from any of our business offices nationwide.
• Allows lodgement of dividend warrants & cheques into your accounts (conditional).
• Quarterly interest payment on the savings account balance.
• Debit card for ATM, Internet & POS transaction
• Free network transactions on the account (No Interstate charges).

Features

•Initial opening balance
•Minimum operating balance
•Lodgment of dividend warrants and cheque

Requirements

• Completed account opening pack and fully completed Signature mandate card
• Valid IDs: NRC/Passport /Driving Licence for the signatory
• 2 Passport size photographs for Signatory
• Proof of residence
• Reference letter from any account holder.
• TPIN Certificate

For Employee

Are you self employed?
Manage your salary better with an account tailored to your needs.

Requirements

• A valid means of ID (International passport/Driver’s license/National Registration card)
• Passport photograph(for business, one for each of the owners)
• Utility bill (not exceeding 3 months old)
• Certificate of Incorporation/Registration/CBN License (for business enterprise)
• Two references from current account holders

For Self Employed

Are you self employed?
Take the first step towards managing your money better.

Requirements

Expatriate/Diaspora

Are you an employee?
Take the first step towards managing your money better.

Requirements

• International passport
• Resident permit/work permit
• One passport photograph
• Utility bill (not exceeding 3 months old)/previous 6 months bank statement)
• Proof of source of funds (recent payslip/work ID/letter of reference from current bankers/business registration documents if self-employed)
• Attestation of all required documents by the notary public, the embassy of the home country, UBA staff or customer’s bank
• Duly signed indemnity form for electronic communication