A target savings account designed to help parents accumulate wealth towards fulfilling their children's dreams, while at the same time entertaining the children and teaching them to save right from an early age in a fun way. My Dream Account (MDA) is designed for children aged 0 - 18 years. Debit cards may be issued under minor accounts on request.

My Dream Account is converted to a Normal Savings Account when the minor turns 18 years.


  • Minimum account opening amount N5,000
  • Accepts Cheques lodgement and Dividends up to N2m.
  • No monthly Maintenance Fee.
  • Minimum monthly contribution by standing order is N1,000
  • Minimum account maintenance monthly balance is N5,000 to enjoy the benefits
  • Maximum of 4 withdrawals per month to enjoy the interest benefit on the account for the month
  • Free e-Statements, Online Banking and e-Alerts on your account.
  • Can be used as collateral for Overdrafts for the parents


  • Complimentary invites to international university fairs and private school open day, children day events, etc
  • Competitive interest rates calculated daily and payable monthly.
  • Birthday Recognition
  • Access to tips on education, lifestyle, Parenting, schools’ newsletters etc
  • Private movie screening for MDA holders, sponsored events*
  • Discount on insurance products* Subject to commencement of Banassurance



    Documents Required
  • Account Opening Form
  • Opening balance – NGN 5,000
  • Birth Certificate (child)
  • International Passport for child (if available)
  • Parents or Legal guardians ID (International Passport; Drivers Licence or National ID)
  • Parents work ID (front and back copy)
  • 1 Passport photo (for both child & parent)
  • Proof of residence; either utility bill / tenancy agreement.
  • NGN 50 stamp

Qualifying Criteria

  • Children ages below 18 years are the principal account holders while the parents/ legal guardian will be the custodians.

Useful Information

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01 2704611 - 4
(when dialling in Nigeria)

+234 1 2704611 - 4
(when dialling from overseas)

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