How to upgrade Stanbic IBTC account easily (Online & Offline)

Welcome Today we’ll be discussing On How to upgrade Stanbic IBTC account easily (Online & Offline).

Stanbic IBTC Bank is a leading financial institution in Nigeria and across Africa. Upgrading your regular Stanbic IBTC savings account unlocks premium benefits.

Benefits of Upgrading Your Stanbic IBTC Account

Some key reasons to upgrade your regular Stanbic IBTC account include:

• Higher interest payment on account balances
• Discounted fees on selected transactions
• Priority counter service at branches
• Free debit card with loyalty programs
• Special rates on personal loans and overdrafts
• Increased daily ATM withdrawal limits

Tips for Upgrading Your Account

Follow these useful tips when upgrading your Stanbic IBTC account:

1. Visit home branch for faster processing if upgrading offline
2. Leverage online/mobile banking platform for convenience
3. Choose account type based on specific usage – savings, current, target etc
4. Have valid ID card, passport photo and minimum balance ready

How to Upgrade Stanbic IBTC Account Offline

To upgrade your account at a Stanbic branch, take these steps:

1. Visit any Stanbic IBTC branch near you
2. Ask to upgrade account from savings to premium type
3. Fill out account upgrade form and submit with attachments
4. Fund account immediately with minimum opening balance
5. Receive upgraded account package within 24 hours

Documents Required for Offline Upgrade

• Valid means of ID (national ID card, driver’s license etc.)
• Passport photographs
• Proof of residence (utility bills etc.)
• Employment details if applying for salary account

How to Upgrade Stanbic IBTC Account Online

To upgrade online, take these steps:

1. Login to Stanbic IBTC Internet banking
2. Select ‘Upgrade Account’ option
3. Choose new premium account type
4. Review terms, fill details and submit application
5. Fund account immediately with minimum balance
6. Upgraded account is active within 24 hours
7. Notification message sent to registered contact

Information Required for Online Upgrade

• Account number
• BVN
• Valid means of ID
• Email address
• Phone number
• Minimum balance amount etc.

FAQs on How to upgrade Stanbic IBTC account easily (Online & Offline)

1. Which Stanbic IBTC account is easiest to upgrade to?

The Stanbic IBTC Target Savings Account option has the simplest process making it easiest to upgrade to from regular savings.

2. Can I still operate my old account after upgrade?

Yes, you can choose to keep your old regular savings account running alongside the new premium account.

3. Is there a cost for upgrading account?

No, Stanbic IBTC does not currently charge any fee for simply upgrading a regular savings account to premium type.

4. Do I need to change my ATM card after upgrade?

No, your existing debit card will function normally after upgrade. However, you can request for higher card types now eligible based on new account tier.

5. How many days does account upgrade take?

Stanbic IBTC account upgrade takes 1-2 working days for both offline and online applications to be fully completed.

6. Can I apply for a quick loan after upgrade?

Yes, account upgrade allows access to personal loans and overdrafts at specially discounted interest rates.

7. How much do I need to open current account?

Minimum opening balance required for Stanbic IBTC current account upgrade is N100,000 for individuals.

8. Must I visit branch to upgrade target account?

No, you can initiate upgrade for your target savings account directly via Stanbic IBTC mobile app or internet banking.

9. Which documents are needed for student upgrade?

Student account upgrade requires valid school ID, admission letter, BVN, passport photo and applicable minimum balance.

10. Can I reverse back to my old account?

Yes, you can downgrade from the premium account to your former regular savings account within 6 months without extra charges.

11. Is there a mobile app for account upgrade?

Yes, apart from Internet Banking you can also easily upgrade your Stanbic IBTC account via their mobile app.

12. How much balance do I need after upgrade?

Minimum balance is N5,000 for Target Savings, N250,000 for Business Current accounts. Failure to fund leads to reversal.

13. What are criteria to qualify for upgrade?

To qualify you must be an existing account holder. Also have valid ID, BVN, passport photo and special minimum deposits.

14. Can I upgrade for my kids?

Yes, parents/guardians can upgrade existing accounts for minors at any Stanbic IBTC branch nationwide.

15. How long does the whole upgrade process take?

The entire Stanbic IBTC account upgrade process takes between 1-3 working days from initiation at bank branch or on digital platforms.

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Conclusion

Upgrading Stanbic IBTC account allows enjoy premium services, flexible borrowing, dedicated relationship manager etc. Multiple self-service channels available for quick and easy account upgrade in just 24 hours. Initiate the process online or offline and enjoy the full features of new premium account package instantly.

After reading this article now you know How to upgrade Stanbic IBTC account easily (Online & Offline).