Account Operation:

•  You, as the parent/guardian, are responsible for the account and all transactions.
• The Bank needs certain documents to open the account.
• The Bank will conduct KYC procedures as required by law.
• You are responsible for maintaining the minimum balance of ₦2,000.
• You are responsible for safeguarding your cards details, login credentials to your bank application and other confidential banking information.
• The account type is strictly for savings purposes and not for day-to-day transaction purposes.
• Below are the daily and monthly transaction limits for the account:
• Maximum Single Deposit Limit – ₦2,000,000, Monthly Debit Transaction Limit – ₦20,000,000,  Monthly Credit Transaction Limit – ₦20,000,000
• The account ownership may be transferred to the minor once he or she turns 18 years, following verification of identity and submission of required documents (valid ID, BVN, NIN etc.)

Communication and Notices:

• The Bank will send statements and other information to your email and mobile number.
• You must notify the Bank of any changes to your personal information.
• Any communication from the Bank to your last known address is considered delivered.

By completing and submitting this form, you acknowledge that you have been provided with access to the full Terms and Conditions governing the ‘Sterling Kids and Teens’ account, available at https://sterling.ng/personal/kids-and-teens/ You are responsible for reviewing and understanding these Terms before proceeding. Please clarify any concerns or questions you may have, before completing this form. Failure to read and review the full Terms and Conditions does not exempt you from adhering to same.