BETA Savings Account

BETA Savings account is a safe and convenient savings account which encourages customers to save towards their goal consistently on a daily basis. It is mainly targeted at market entrepreneurs/traders especially women who save regularly, leveraging on the services of “Alaajo” and “Esusu” programs. The account provides maximum convenience, security, affordability and flexibility (deposit any amount, withdraw cash whenever you need it) to customers via the use of mobile phone and access to multiple channels (Branch, ATM, BETA Friends – Sales and Service Agents)

home

Banking services are delivered to customer’s shop/doorstep

cellphone

Accounts opened in the field via mobile phones

visa (2)

Instant issuance and activation of Verve debit cards and Pins in the field

nigeria-naira-currency-symbol

Deposits and withdrawals in the field via mobile phones

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Features of BETA Savings Account

  • Easy, quick and convenient account opening process
  • No documentation or passport photograph required
  • Instant issuance and activation of Debit card
  • "No wahala" way to deposit and withdraw via BETA Friends, ATMs and Branches.
  • USSD service for airtime top up and check balance

Channels of Interaction

team

Branch and BETA Friends

atm-machine

ATM

point-of-service

P.O.S

smartphone

USSD (*540*045#)

Application Fees

FeesAmount
Debit cardN1,050
SMSN4 Per Transaction
Monthly card maintenanceN50
Withdrawal FeeN50 (Via Agents)

 

BETA Savings account can be opened on different tier levels with different requirements as shown in the table below

Tiers of AccountMaximum Single DepositMaximum Cumulative BalanceCustomer Identification Requirements
Tier 1N50,000N300,000
  • Names
  • Mobile Number
  • Date of birth
  • Place of Birth
  • Address
  • Gender
Tier 2N100,000N500,000
  • Any identifiable Identity card
  • Utility bills such as rent receipts, PHCN receipts, e.t.c
  • Customers Address will be verified
  • Bank Verification Number
Tier 3No limitNo limit
  • Any primary means of identification i.e. Driver's license, International Passports, National ID or Voters Card
  • Utility bills such as rent receipts, PHCN receipts, e.t.c
  • Customers Address will be verified
  • Bank Verification Number

 

In addition to BETA Savings Account, customers also have access to the BETA Target Savers account.

BETA Target Savers Account

This is just like a term deposit account, where customers can fix their money for a period for 3months, 6months or 12months with a competitive interest rate of 3.9%. Withdrawal on Target savers account is only possible at the branch, unlike the regular account where they can withdraw via the agents, ATM, and branch.

Benefits

  • A minimum opening balance of N5,000
  • Interest rate of 3.9% per annum
  • No wahala way to save for a project e.g. children's school fees, House/Shop rent, Land, Cars e.t.c
  • BETA Friends help customers make a sustainable plan (decide on duration and frequency and amount)
  • The more you save, the more you earn