UBA Names Customers Who Will Be Affected as CBN Issues New Directive on Savings Account [Video]

• Customers of United Bank for Africa have received a significant update about changes to the status of savings accounts
• The bank announced that savings accounts will now be categorised as dormant or inactive if they are not used for a period of time
• UBA has advised customers to update their account activity by completing a transaction through the various channels

Legit.ng journalist Zainab Iwayemi has five years of experience covering the Economy, Technology, and Capital Market.

The United Bank for Africa (UBA) has shared an important update regarding changes to the status of savings accounts of its clients.

In a recent email, UBA said savings accounts that are not used for a specific period will now be classified as inactive or dormant.

How UBA accounts can become inactive, dormant

Following a new …