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January - March 2016 •
The Lion King
• 15
free at any UBA ATM? This is one year
when every penny lost or saved will
make a huge difference in the long
run. Avoid undue charges, stick to UBA
ATMs.
#PAYN0THING
Time is money, use it wisely
One of your 2016 must-dos is to
use your time wisely and efficiently.
Don’t spend quality time queuing at
the bank to send money or burn the
scarcely available fuel to the PHCN
office just to settle a bill. We have
made it easy for you, download the
U-Mobile or U-Direct app from app
stores and carry out these services
from your comfort zone. Trust me; the
transaction fee is far less than the cost
of transportation or your time on the
queue.
WISE.
Mind how you pay
If you are shopping abroad or
from an international site with your
UBA Card, then you need to pay
special attention to what is known
as the Dynamic Currency Conversion
(DCC) which allows you to choose if
you would pay in the currency of your
card (let’s say Naira) or that of the
merchant’s country (USD, GBP, Euro).
Naturally, it seems a good idea to
pay in Naira as you would know
the exact value of your transaction.
Unfortunately, this is not always the
end of the story as some merchants
may use unfavourable conversion
rates which could make you pay over
the odds.
The right thing to do is to always select
the foreign currency of the Merchant’s
store.
SMART.
Set something aside for tuition
You and I know that the cost of
education is not likely to reduce. This
reality is even harder to deal with if
you have children or wards schooling
abroad.
Do not set yourself in panic mode at
the end of the quarter by not making
advance provision for school fees.
Why not open a U-Care account now
and consciously make savings into it?
And the good part? You earn interest
on your savings and can even access
some facility to make up whatever is
left.
This conscious savings approach
would not come easy but will be worth
it.
DISCIPLINE.
Get your fees waived
Fact: Based on a recent regula-
tory directive, account maintenance
fee is now applicable to all customer-
induced debits on current accounts.
Reality: We put you first. And we
know that every kobo counts.
If you are a business man or woman,
my advice is that you open a Lion
Prime Current Account to get a waiver
on fees. What do you pay? Zilch! You
heard me right, no COT, no account
maintenance fee, no hidden charges!
SENSIBLE.
Do you have other ideas on ways
to save money with UBA products?
Why not share? Post your idea on our
social media platforms (@UBAGroup)
with the hashtag #UThrive. An inter-
esting idea could win you shopping
vouchers at a reputable online store.
Now, that’s one smart way to save
money.
THRIVE WITH THESE MONEY-SAVING TIPS |
BUSINESS
