Welcome to Zenith Bank > Product & Services > Account Services

Our Savings Account services include:

1. Zenith Children’s Account (ZECA)

Product Features:
	Savings account for children 0-18 years
	Interest rate of 2 – 5% p.a.
	Minimum initial deposit is ¢1,000,000 per child with an additional minimum monthly deposit of ¢100,000
	Automatic monthly transfers into account or by direct debit – minimum of ¢50,000.
	The number of withdrawals allowed is once per month
	Withdrawals can be made using customized slips
	Account can be opened at birth
	Child takes over when ready after 18 years and may operate as current or Savings account.

Benefits:
	Encourages parents to save for their children
	Inculcates a savings habit in children at an early age.
	Helps parent plan for children’s education
	Use of account balance as collateral for credit from bank.
	Larger deposits earn more interest

Mode Of Operation
	Basically a savings account that will be operated through passbook on behalf of the child

Requirements
	Means of Identification ( Passport, Drivers License, Voter Identity Card of parent/guardian who will operate the account on behalf of the beneficiary
	Two passport photographs of parent/guardian and that of child(ren)
	Mandate cards completed by parent/guardian

2. Cheque & Save

Product Features:
	A hybrid of savings and current account, giving customers the unique opportunity to invest and earn more.
	Offers competitive interest rates
	Access to a Relationship Manager.
	Withdrawal of funds by third parties on behalf of Zenith Bank account holder
	A maximum of three withdrawals in a month at no cost. Any additional withdrawal attracts a charge.
	Cheques to be issued for withdrawals at any branch of the Bank.
	Collection services on Sundays after Church services

Benefits:
	As a hybrid account, it gives customers the unique opportunity to invest and earn more
	Convenient, fast and easy banking and access to a cheque book
	Cheques to be issued for withdrawals at any branch of the Bank
	Customers can withdraw up to three times in a month
	Account will serve as collateral for loans and/or overdraft.

Mode Of Operation
	Account will be operated as a hybrid account of savings and current accounts
	Checking account after full documentary and Know Your Customer (KYC)