The Lion King | 25
Product Review
10 Reasons to get a
UBA Lion Prime Account
C
ustomers have unique banking needs.
There is, however, a common thread that
runs through what every customer wants in
a bank account. It should have a low operational
cost; offer a high level of flexibility and competitive
interest rates.
UBA Lion Prime accounts have been designed to
serve these unique needs of different customers
who wish to have an account that costs them little
or no money to operate, gives them the flexibility to
carry out their business transactions and also offers
them a chance to earn interest on their balances.
There are many reasons to have a Lion Prime ac-
count but here are just 10 of them:
1.
UBA Lion Prime Account does not adopt a
one-fit-all approach to owning a bank account.
It is designed to meet the unique individual,
business or institutional needs of customers.
2.
It is flexible, with a minimum operating balance
as low as N5,000 for individuals and N20,000 for
businesses and rising, based on the complexity
of the business and transactions
3.
Minimum operating balance in Lion Prime
Account earns interest, ensuring that accounts
balances are never unrewarded.
4.
The default charges on Lion Prime Account
can be as low as N1.5/Mille where this charge is
imposed after minimum threshold is exceeded.
5.
There are six variants of UBA Prime Account with
each variant tailored to meet a unique banking
need of the individual, business or institutional
customer.
6.
Lion Prime Mini is tailored for individuals and
small organizations, with a minimum opening
and operating balance of N5, 000, such individu-
als and organizations can enjoy up to N10 million
maximum debit turnover per month.
7.
Lion Prime Basic is for medium high net-worth
individuals (mHNIs), self-employed profession-
als and sole proprietors. With a minimum and
operating balance of N20, 000, operators of
this account enjoy N20 million maximum debit
turnover per month and still earn interest on the
minimum balance in their accounts.
8.
Lion Prime Business is a special account for
partnerships, religious organisations, schools,
clubs and private organisations. Opening
and operating minimum balance is N100, 000
and offers account holders up to N60 million
maximum debit turnover per month at no cost
9.
Lion Prime Classic is for reputable professionals,
business executives, institutions and non-govern-
mental organizations (NGOs), and religious
organizations, schools among others. With a
minimum opening and operating balance of
N250, 000. Holders of this account can make
up to 25 cheque withdrawals and unlimited
e-channel withdrawals per month. Interest is also
earned on the balance in the account.
10.
Lion Prime Max for high net-worth individuals
(HNIs), corporates, private limited companies,
schools, clubs, etc. With a minimum opening and
operating balance of N1 million for individuals
and N1.5 million for corporates, the account is
operated COT free without limit while interest is
earned on the balance in the account.
