Home Finance Best Banks for Salary Account in Nigeria

Best Banks for Salary Account in Nigeria

Are you tired of dealing with banks that leave you feeling unsatisfied and unappreciated? Are you a salary earner looking for the best bank to keep your money so that you won’t regret? 

Look no further! We have scoured the Nigerian banking system to bring you the crème de la crème of financial institutions when it comes to salary accounts. So, without wasting much of our time, let’s get started. 

Best Banks for Salary Account in Nigeria

Choosing the right bank to open a salary account is an important decision in Nigeria. There are several banking options available in the country, so it’s important to consider factors like account features, interest rates, customer service, digital banking options and more when deciding. 

1 GTBank

Guaranty Trust Bank or GTBank is one of the top banks for salary accounts in Nigeria. 

Account Features

GTBank offers a robust salary account package called Salary4Life. Key features include free current and debit cards, free ATM withdrawals nationwide, cash-back on utility bills, airtime top ups and purchases. Account holders also get 0.25% interest monthly on balances.

Banking Services

GTBank has one of the largest branch networks in Nigeria with over 300 locations. They also offer 24/7 customer support via phone, email and live chat. Customers can bank via the GTWorld mobile app, USSD, ATMs and internet banking for seamless transactions. 


GTBank consistently ranks high in customer satisfaction surveys. They are known for reliable and efficient services as well as good interest rates on savings.

2. Zenith Bank

Zenith Bank offers competitive salary packages to attract salary earners.

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Salary Account Benefits

The Zenith Salary Account comes with zero account maintenance charges, free debit and ATM cards as well as free funds transfer nationwide. Customers also earn 0.25% interest monthly on balances.

Digital Banking 

Zenith Bank has invested heavily in digital transformation. Customers can bank via the mobile app, internet banking platform and USSD code. Services include bills payments, airtime purchase, funds transfer and checking balances remotely.

Nationwide Access

With over 500 branches/cash centres across Nigeria, Zenith Bank provides widespread accessibility. They also have a strong presence in foreign countries like UK, UAE, South Africa etc. making international transactions seamless.

3. UBA

United Bank for Africa or UBA is the pan-African financial powerhouse present in 20 African countries. 

Account Features

The UBA Salary Account comes with a basic current account and debit card at no charge. Customers earn attractive interest rates on their balances daily. Other benefits include free funds transfer, bills payments and free ATM transactions.

Mobile & Digital Banking

UBA’s mobile banking and internet banking platform allow customers to do most transactions remotely via UBA mobile app and website. Services include account opening, bill payments, airtime purchase, loans application etc. 

Global Acceptance 

As a pan-African bank, UBA provides seamless access to accounts across its vast network. Customers can easily transfer or withdraw funds from any UBA branch in Nigeria and abroad.

4. FirstBank

First Bank of Nigeria is one of the oldest banks in the country with over 125 years of operations.

Salary Account Plus 

The Salary Account Plus from FirstBank offers many freebies such as debit card, monthly transfers, bills payments and alert services. It also provides 0.25% interest on current balances.

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Wide Branch Network

FirstBank has over 750 business locations/branches all over Nigeria giving widespread access. Customers can bank or get help at any FirstBank branch.

Digital Banking 

Firstmobile and FirstOnline allows account holders to bank virtually via the mobile app, internet, USSD or ATMs. Services range from funds transfer, airtime purchase to bills payment and more.


In summary, the above banks; GTBank, Zenith Bank, UBA, FirstBank – all offer good salary accounts with great benefits, reliable services and widespread accessibility. Prospective customers are advised to evaluate their needs to choose the best suitable bank. Thanks for reading. 


What is normal salary account?

A salary account is a type of bank account specifically designed for receiving your monthly salary from your employer. It functions very similarly to a regular savings account but often comes with additional benefits and features targeted towards salaried individuals.

Can I convert normal account to salary account?

Yes, you can convert a normal savings account to a salary account if your employer has a tie-up with the bank for their employees’ salary accounts. 

What do I need to open a salary account?

To open a salary account, you need to meet certain eligibility criteria, which may vary depending on the bank. Generally, you need to be an employee of a company that has a tie-up with the bank for salary accounts. 

You will need to provide an application form, proof of identity and address, and other documents such as PAN card, NIN, voter ID card, driving license, or passport.

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