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The short answer
UBA's Kiddies Account is for children aged 0 to 12 and its Teens Account for ages 13 to 17; both are operated by a parent or guardian, open with ₦1,000 and keep ₦1,000 as the minimum operating balance, per UBA's product pages in October 2026. The Teens Account comes with a debit card at 50% off the first issuance and limits set by the parent; the Kiddies Account has no debit card.
The two accounts side by side
| Feature | Kiddies Account | Teens Account |
|---|---|---|
| Age | 0 to 12 | 13 to 17 |
| Operated by | Parent or guardian | Parent or guardian until the child comes of age |
| Opening deposit | ₦1,000 | ₦1,000 |
| Minimum operating balance | ₦1,000 | ₦1,000 |
| Interest (as stated, Oct 2026) | 7.95% a year, paid monthly (one FAQ says 7.425%) | 7.95% a year, paid monthly |
| Debit card | No | Yes, 50% off first issuance |
| Variants | Full and Lite | Full and Lite |
Interest rates change. The figures above are as stated on UBA's pages in October 2026, and the Kiddies page itself gives two different numbers, so ask UBA for the current rate in writing before you open.
Documents
Both pages list the same core documents for the Full version:
- The child's birth certificate or international passport.
- One passport photograph of the parent or guardian and one of the child.
- The parent or guardian's valid ID: national ID, driver's licence, permanent voter's card or international passport.
- A utility bill issued within the last three months.
The Lite version asks for fewer documents: the child's birth certificate or passport and the photographs. The Teens page adds a personal account opening form completed with the parent's details and a signature specimen form signed by the parent. Both pages' FAQs say an account can be opened without an ID and utility bill, which fits the Lite version; ask UBA what limits a Lite account carries before you choose it. Our explainer on KYC tiers explains why.
How the Kiddies Account works
- No card. The account is a savings account for a young child, run by the parent.
- Withdrawals. Unlimited, but more than four in a month means no interest for that month, per the page.
- Target savings. A standing instruction of at least ₦5,000 a month for 12 consecutive months qualifies for a 13th Month Reward, described as 10% of the monthly target amount. Withdrawing early forfeits that year's reward.
- Scholarship draw. Parents with a standing instruction of ₦10,000 a month for at least six months enter a draw for ₦200,000 paid to the school; the page gives the number of winners as both 20 and 40.
- Zero-balance openings must be funded within 48 hours.
Worked example of the reward
Example: a ₦5,000 monthly standing instruction for 12 months puts ₦60,000 into the account. The 13th Month Reward is 10% of the monthly amount, so ₦500, paid at year end if no early withdrawal was made. Interest is separate and depends on the rate in force.
How the Teens Account works
- Debit card. A personalised card at 50% off the first issuance. UBA's schedule lists standard card issuance at ₦1,000 plus VAT, so the first card would be about ₦537.50 if the discount applies to that figure; confirm at the branch.
- Parental controls. Only a parent or guardian can set or change transaction limits, and parents can see balances and recent transactions online, in the app or by USSD.
- Transfers. Transfers to non-UBA accounts and deposits of other banks' cheques are allowed only on a full KYC Teens account.
- Rewards. The same 13th Month Reward structure applies, and the page mentions internship opportunities at UBA.
The Teens page does not say what happens when the child turns 18. Ask UBA how the account converts, and plan for the young person to bring their own ID and BVN at that point.
Saving in foreign currency for a child
For parents saving towards education abroad, UBA also offers a Kiddies Domiciliary Account in dollars, pounds or euros, with an opening balance of $100 or £70 and a £350 operating balance, per its domiciliary page. Our guide to UBA domiciliary accounts covers it, and our guide to saving for university fees looks at planning.
Kiddies, Teens or an ordinary savings account?
A child's account is not the only way to save for a child. A parent could simply keep a separate savings account in their own name. The case for a child's account is mostly about habit and visibility: the money is clearly the child's, the child can see it grow, and in the Teens case a young person learns to use a card under a parent's limits. The case against is that the money sits in a savings product with a fixed rate and conditions, such as the four-withdrawal rule on the Kiddies Account, that suit regular saving rather than spending.
Compare the stated interest and the rewards with what you would earn elsewhere, and think about the goal. For a near-term cost such as next term's fees, an account you can withdraw from without penalty matters more than the rate. Our guide to paying school fees in instalments looks at that question.
Steps
- Decide which account fits the child's age, and Full or Lite.
- Gather the documents above.
- Open online through UBA's open-account link or at a branch.
- Fund it with at least ₦1,000 and set up a standing instruction if you want the rewards.
- For teens, request the debit card on the form and set limits.
Questions people ask
What is the minimum to open UBA Kiddies account?
₦1,000, which is also the minimum operating balance, per UBA's Kiddies page in October 2026.
Does UBA Kiddies account have ATM card?
No. The Kiddies page says there is no debit card. The Teens Account has one.
What age is UBA Teens account for?
13 to 17, operated by a parent or guardian.
What documents do I need to open UBA Kiddies account?
The child's birth certificate or passport, passport photographs of parent and child, the parent's valid ID and a recent utility bill for the Full version.
Sources
- UBA: Kiddies Account · accessed Oct 2026
- UBA: Teens Account · accessed Oct 2026
- UBA: Domiciliary Account · accessed Oct 2026
- UBA Service Charges & Rates (dated 11 Sept 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.