UBA assures salary account owners of easier access to funds

The building complex of a United Bank for Africa Plc
Emeh Joy

The United Bank for Africa has announced that its naira credit card will improve the accessibility of funds to customers who have salary accounts domiciled with the bank.

The Group Head, Digital Banking, UBA Sampson Aneke announced this via a statement titled, "Access up to N3m, pay as low as 10 per cent monthly with new UBA credit card".

The bank said, "With the new UBA Naira Credit Card, customers whose salary accounts have been domiciled with the bank for a minimum of three months and are employees of corporate under UBA's approved counterparty list with a minimum net monthly income of N250,000 are in for a stress-free business and personal lifestyle.

"They will be qualified to access up to N3m credit, with extremely flexible repayment plans of as low as 10 per cent of their monthly outstanding due".

It further stated that customers between the age of 18 and 57 years who applied for the credit card would also enjoy easy access to funds with a revolving credit line as well as up to 45 days interest-free credit, discounts and repayment options.

The statement added that the credit card will also enable ATM withdrawals in Nigeria or abroad wherever the Visa logo is displayed.

It would allow easy payment of goods and services both locally and internationally on the point of scale terminals where the Visa logo is displayed.

Aneke said, "At UBA, we recognize that access to credit is fundamental to the creation of wealth and value in the economy. Unfortunately, the country has been challenged in this regard with only about 2 per cent of the population presently having access to bank loans.

"It is in addressing these developmental and household challenges that the bank has in recent times developed and introduced a number of unique lending products to the market, with the latest being the innovative UBA credit card".

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