Enterprise Bank month-long Children Banking Month will end on Tuesday May 27 with a big party for children in Victoria Island, Lagos. The programme, which began in the first week of May is not just celebrated with fanfare alone, the bank through its flagship savings account platform for children called Enterprise Stars Account, dedicates the entire month to child education especially as it relates to early financial literacy.

During the period an estimated 6,000 pupils and students from primary schools all over the country visited branches of the bank nationwide where they were taken through the operations of the bank and taught about different areas of banking operation, including how to open accounts, the importance of cashless banking, how to make Automated Teller Machine, ATM, withdrawals, paying for goods and services with Point of Sale, PoS, machines, Internet banking and how to become bankers among others.

Officials of the bank also visited over 310 schools across the country where they replicated the teachings and distributed gift items as a way of supporting pupils in the schools that could not visit the bank on an excursion during the period.

A statement from the Corporate Communications Department of the bank said that, “Enterprise Stars Account on which the activities of the programme are tied around is specifically designed to provide a savings platform for children. The account is designed for children between the ages of 0 – 18. To open and run the account is also made easy. The Enterprise Stars account requires that the parents or guardians of the children run the accounts on behalf of the children or wards until age 18 when they can legally take over the accounts, which at this stage will then be migrated to the Enterprise Save Account. Enterprise Stars has an opening balance of ₦5,000 and a minimum operating balance of ₦2,000 among other features.”

Enterprise Stars Account, the statement further explained is designed in line with the desire of the bank to be the preferred bank for value creation across every strata of the society including children, which form about 43.8 per cent of the entire Nigerian population.