United Bank for Africa Liberia Limited has introduced a Savings Account tailored for teenagers in Liberia.
UBA Teens will allow teenagers, (13-17) to open and run an account with the consent of their parents/guardian.
A UBA Teens account holder according to UBA Liberia Marketing and Corporate Communications Manager Melody Mezay-Ketter stands to benefit an array of goodies including a thirteen-month cash reward, 50 percent discount on debit cards, complimentary invite to UBA Teens event and access to all digital banking products offered by UBA.
She is encouraging parents and guardians to take advantage of the product to help their children begin to understand the culture of saving.
UBA Teens Account, according to Ketter, will not only alleviate the difficulties parents face when the need arises to disburse funds to their kids when they are not available, but will also introduce teenagers to the banking sector at an early stage.
Both parents and the beneficiaries will be able to monitor said account and do transactions, based on the mandate issued on the account.
UBA Teens is one of several products UBA Liberia is introducing to her many customers to support the Central Bank of Liberia’s vision of financial inclusion for all Liberians.
The product has also been launched in UBA’s twenty Countries operation in Africa with Liberia officially introducing it on January 24, 2020.
Students of the B.W. Harris Episcopal High School, where the event took place were excited about the possibility of owning an account and disclose how important this would be in enlightening their minds about the banking sector.