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Opening An Account with Universal Merchant Bank


Universal Merchant Bank has a special account package for students named the “Aspire Account”.


The Aspire Account is an account opened by tertiary students aged 18 years and older who aspire to be financially independent and financially responsible.

Top Features and Benefits

  • Free ATM card on account opening.
  • Free E-statement.
  • 24/7 convenient access to funds through ATMs.
  • Free standing order or bank drafts to pay school fees.
  • Students can conveniently access their account information through:
    • UMB E-Suite
    • UMB branch network access


  • Completion of Aspire Account opening form and KYC form.
  • Completion of mandate card.
  • Two passport size photographs.
  • Copy of Student Admission letter or Student ID.
  • Proof of ID (valid national ID such as passport, driver’s license, voters ID or national ID).
  • Proof of Address: Letter from Hall of Residence (not mandatory).


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