Youth Account

yUngsta Transactional Account

Enjoy the benefits of our zero monthly fee transactional account for children under 18 years.

The Ubank’s yUngsta Transactional Accounts make it easier for you to look after your money. Having your own bank account is a great way to learn about managing money. You send only what you have in your account, so there is no need to worry about spending more than you have available.

  • Zero monthly management fee
  • Free card swipes
  • A free debit card
  • Earn 1.00% interest on keeping a positive balance of R1,000 or more on your transactional account
  • Easily link a savings account to transfer funds from your transactional account to a savings account
  • Access to Mobile, Internet Banking (IB) and USSD

To open the account, please provide the following information:

  • Child birth certificate/ID book/passport
  • Child proof of residence
  • Parent/Guardian ID book/Passport
  • Parent/Guardian proof of residence
  • Parent/Guardian Source of Income form
  • The guardian (s) should provide either of the following documents in order to be recognised:
  • Court order appointing guardian
  • SASSA/Social Worker letter appointing a guardian (only for SASSA grant)
  • Letter from Traditional Leader appointing guardian (applicable mainly in the rural areas)

You can enjoy the benefits of the yUngsta account up to the age of 18 years thereafter, you will be migrated to the yUng Executive Transactional Account. Please provide your ID/passport, proof of residence, student card and proof of registration a month before your birthday to enjoy the benefits of the yUng Executive after you’ve turned 18.

SMS notifications on the conduct of the yUngsta account will be sent to the parent/guardian. Upon migration to the yUng Executive account, the SMS notifications will be sent to the main accountholder, provided that the cellphone details are updated

Any questions/queries? Please contact 086000 8322 (SA) / +27 11 5185780 (International)

yUng Executive Transactional Account

Enjoy the benefits of our zero monthly fee transactional account for students between 18 and 24 years.

The Ubank’s yUng Executive Transactional Accounts make it easier for you to manage your money.

  • Full access to your account as you will receive all notifications related to your account
  • Zero monthly management fee
  • Free card swipes
  • A free debit cards
  • Earn 1.00% interest on keeping a positive balance of R1,000 or more on your transactional account
  • Easily link a savings account to transfer funds from your transactional account to a savings account
  • Access to Mobile, Internet Banking (IB) and USSD

To open the account, please provide the following information:

  • ID/passport book
  • Proof of residence
  • Proof of registration
  • Student Card
  • Source of income form

You can enjoy the benefits of the yUng Executive account up to the age of 24 years thereafter, you will be migrated to the Grow With Us Account. Please provide your ID/passport and proof of residence a month before your 24th birthday to enjoy the benefits of the Grow With Us account.

Any questions/queries? Please contact 086000 8322 (SA) / +27 11 5185780 (International)