Zenith Bank is one of the largest financial institutions in Nigeria. The bank is known for its innovative ideas when it comes to creating financial digital products that solve real-time problems. The bank is a leading financial institution that offers digital services such as online banking accounts, digital loans, and other services such as buying airtime, flight tickets, hotel booking, data subscription, payment of utility bills, and many more.
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The bank keeps on bringing different services which are topnotch base on customer reviews. In today’s article, we’re going to talk about various types of Zenith Bank Accounts, How To Open those Accounts, the benefits of Zenith Bank Accounts, the Criteria and documents Needed to Open those Accounts, and many more.
Before we dive into these Types Of Zenith Bank Accounts and How To Open Zenith Bank accounts, let us look at some important things about Zenith Bank.
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About Zenith Bank Nigeria/ Company Profile
According To Wikipedia. Zenith Bank Is one of the largest financial institutions in Nigeria and Anglophone West Africa. The bank was issued its license for operation as a commercial bank by the Nigeria Apex Bank (CBN) which is the national financial and banking regulator in the country.
As of 31 December 2019, the bank holds $16 billion as total assets and $854 million as shareholder’s equity.
Around the 1990s, the Nigerian banking industry was led by four major banks, Union Bank, First Bank, UBA, and Afribank. But with time, zenith bank found a way to dominate the financial sector of the country.
In 1999, zenith bank embraced the use of internet marketing for its financial services and to promote the use of online banking by its consumers. This was one of the reasons why the bank dominated the online banking industry due to the massive investment the bank put into the service.
By the 2000s, the profile of the bank began to rise and it becomes the talk of every household in the country. The bank’s investment in information technology helped the bank to compete against major banks in the country who are having a larger branch outreach and it started to announce its net profit which was almost comparable with some of these older banks which have been existing over the years.
On 17 June 2004, following a successful IPO, the bank became a public limited company. On 21 October 2004 its shares of the stock were listed on the Nigeria Stock Exchange (NSE). The bank’s shares are traded on the London Stock Exchange (LSE) following a listing of the $850 million worth of its shares at $6.80 each, in 2013.
The bank has equity investments in Zenith Custodian, Zenith Securities, and Zenith General Insurance.
Types Of Zenith Bank Accounts
There are different types of zenith bank accounts that you can open as a customer with various benefits attach to the use of such an account. Below are the Types Of Zenith Bank accounts.
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Zenith Eazy Account
- Current Account
- Aspire Account
- Zenith Bank Children’s Account (ZECA): Ages 0-15 and 13-17
- Zenith Bank Gold Account
- ZECA Save Account
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Zenith Eazy Account
The Zenith Eazy Account is a type of bank account that you can open without having to provide your bank verification number. This account can be created by just dialing a simple USSd code to create the account. By just dialing *966*77# You can create a free Zenith Eazy Account.
What Are The Features Or Benefits Of Zenith Eazy Account?
Your mobile number is automatically your account number. You don’t need any account number from zenith bank.
There is no need for an identification card, request for a utility bill, or a form of reference requirements.
You get to have access to a maximum daily account balance limit of 300,000 and withdrawals in multiples of N20,000.
You can perform a cardless withdrawal at any Zenith Bank ATM machine or get.
You can transfer money to any bank of your choice within Nigeria.
You can perform additional transactions such as the purchase of airtime, bill payments, and many more
Zenith Bank Individual Current Account
As an individual, you can open a Zenith Bank Current account with full KYC (Know your customer online) and start performing various transactions from any part of the world using your smartphone.
With this Individual current account, you can enjoy a full range of services available on the Zenith Bank mobile banking platform. This account also gives you access to debit cards which you can use to shop online anytime or anywhere.
Features And Benefits Of Zenith Bank Individual Current Account
- Zero account opening balance
- Internet Banking
- Zenith Mobile Banking app
- *966# Eazybanking
- MasterCard/Visa/Verve debit card
- Email/SMS Alerts
- Cheque book
Requirements For Opening A Zenith Bank Individual Current Account
- Account opening form duly completed
- One recent clear passport photograph of a signatory
- Identification of signatories (Driver’s License, International Passport,
- National Identity Card or Voter’s Card)
- Residence permit (where applicable)
- Two independent and satisfactory references
- Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent
- receipt, telephone bill)
Available Channels For Individual Current Accounts
- *966# EazyBanking
- Zenith Internet Banking
- In-branch at any Zenith Bank branch
- ZenithDirect – our 24/7 telephone banking
- Zenith Bank ATM nationwide – free cash withdrawal
- Zenith Mobile Banking App – 24/7 on your smartphone
- Access your account using your Zenith Bank debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world
Click HERE to open a Zenith Bank Current Account Online or you can Download the Form
Zenith Bank Aspire Account
Zenith Bank Aspire Account Is a Unique type of savings account which is designed to help Nigerian undergraduates with a distinctive sense of Identity according to Ngfinders. This account was designed by Zenith Bank in other to enhance and improve the lifestyle of discerning students. This Account is created as a platform for its holders to follow their dreams by supporting them until they actualize their dream and achieve greatness in whatever area they choose.
Feature Of Zenith Bank Aspire Account
- You get to have access to a unique Master Card design.
- You get to earn 4.2% interest on the money you have in your account
- With aspire account, you can perform Cashless banking via any Atm, Pos, or web.
- You get to have access to exclusive discounts from zenith bank merchants.
Requirements For Opening A Zenith Bank Aspire Account
- Account opening form duly completed.
- One recent clear passport photograph of the signatory.
- A valid School Identity Card, Admission Letter, or National Identification Number Card/NIN (for 16-25 years).
- Details of Parents/Guardian (for 16-25 years).
Available Channels
- *966# EazyBanking
- Zenith Internet Banking
- In-branch at any Zenith Bank branch
- ZenithDirect – our 24/7 telephone banking
- Zenith Bank ATM nationwide – free cash withdrawal
- Zenith Mobile Banking App – 24/7 on your smartphone
- Access your account using your Zenith Bank debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world
Click HERE to create a Zenith Bank Aspire Account
Zenith Bank ZECA
The Zenith Bank ZECA Account for children between the age of 0-15 is a unique type of account introduced by the bank that allows parents to save either in local currency or foreign currency (dollars) for the future of their children and also teach the kids on how to start saving from a tender age.
This ZECA account is modeled in two tiers which are ZECA for teens and ZECA for children with an overreaching objective of making savings fun for them and teaching the kids financial discipline.
Features
- An account specifically for children between the ages of 0-12yrs
- Zero account opening balance
- The interest rate at 1.15%
- Standing order credit option
- Cheque, draft, and dividend lodgment
- Invitation to the annual Zenith Children’s Parade
Requirements For Zenith Bank ZECA account
- Account opening form duly completed
- One recent clear passport photograph of Guardian/Parent and child
- Birth Certificate of Child
- Identification of signatories (Driver’s License, International Passport,
- National Identity Card or Voter’s Card)
- Residence permit (where applicable)
- Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)
Available Channels
- *966# EazyBanking
- Zenith Internet Banking
- In-branch at any Zenith Bank branch
- ZenithDirect – our 24/7 telephone banking
- Zenith Bank ATM nationwide – free cash withdrawal
- Zenith Mobile Banking App – 24/7 on your smartphone
- Access your account using your Zenith Bank debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world
Gold premium account
The Zenith Bank Gold Premium Account is regarded as a high-yield current type of account which is suitable for customers who have more inflow transactions than outflows. This account is designed in such a way that it can provide maximum interest payments on a daily account balance and a minimum charge on every transaction
Features Of Gold premium account
- Opening balance of N1,000,000
- Interest bearing of 1% p.a on N1,000,000 minimum balance
- No Account Maintenance Fee (AMF) on the first 5 withdrawals. AMF will apply to all withdrawals if more than 5 withdrawals are made per month.
- International transaction monthly limit of $3,000
- MasterCard Gold debit card
- Get quick and easy access to 800 LoungeKey airport lounges in over 130 countries globally with your MasterCard Gold debit card. To register: www.loungekey.com/en/zenithbankplatinumcard OR download the LoungeKey App from the App store
- Enjoy two free complimentary access to LoungeKey airport lounges
- Transaction discounts from selected merchants.
- Emergency Card Replacement: Through MasterCard Global Service™ Gold debit cardholders get emergency card replacement for cards reported lost/stolen, upon issuer authorization, within 1 business day in the US or 2 business days internationally.
- Emergency Cash Disbursement: Through MasterCard Global Service™ Gold debit cardholders can get up to $2,000 emergency cash disbursed within 2 hours at any of 250,000 Western Union locations worldwide.
- Direct access to our 24 hours customer service help desk
- Cheque book (clearing enabled)
- Internet banking
- Zenith mobile banking app
- Email/SMS alerts
- MasterCard Discounts
Requirements For Gold Premium Account
- Account opening form duly completed
- One recent clear passport photograph of the signatory
- Identification of signatories (Driver’s License, International Passport,
- National Identity Card or Voter’s Card)
- Residence permit (where applicable)
- Two independent and satisfactory references
- Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent
- receipt, telephone bill)
Available Channels For Gold Premium Accounts
- *966# EazyBanking
- Zenith Internet Banking
- In-branch at any Zenith Bank branch
- ZenithDirect – our 24/7 telephone banking
- Zenith Bank ATM nationwide – free cash withdrawal
- Zenith Mobile Banking App – 24/7 on your smartphone
- Access your account using your Zenith Bank debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world
Zenith Bank ZECA Save Account
Zenith Bank ZECA Save Account is another unique children’s account variant that is designed to enable parents with inadequate documentation to open an account for their kids that they can save for the future of those kids.
Requirements For Opening Zenith Bank ZECA Save Account
- You need the birth certificate of the child
- A passport photograph
- A passport photograph of either the father or the mother
Features Of Zenith Bank ZECA Save Account
- Designed for children between the age of 0 -and 15 years.
- Zero account opening balance requirement.
- The competitive Interest rate on account balances.
- Maximum account balance limit of N300,000.
- Single Deposit Limit of N50,000
Conclusion
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