Best Banks in Nigeria for International Students
Choosing the right bank is an important decision for international students in Nigeria. The best banks offer student-friendly accounts, easy access to foreign currency, reliable digital banking, and minimal fees. Below are the top Nigerian banks that cater to international students and their unique needs.
Quick Insight: GTBank, Stanbic IBTC, UBA, and Access Bank are consistently rated high for student banking, especially for those who need domiciliary accounts to manage foreign currencies.
1. GTBank – GTCrea8 e-Savers & Domiciliary Accounts
GTBank is a top choice for students due to its GTCrea8 e-Savers account (zero balance, free debit card, and interest earnings) and its robust domiciliary account options that allow students to receive and send USD, GBP, and EUR seamlessly.
2. Stanbic IBTC – BluEdge Account
This account is designed for young people and students. It offers zero maintenance fees, forex discounts, a free debit card, and educational webinars. International students benefit from Stanbic’s strong digital platforms and access to foreign currency services.
3. UBA – NextGen / Campus Account
UBA provides high interest on savings (up to 7.4% p.a.), a zero-opening balance, and campus ambassador opportunities. Their domiciliary accounts are also popular with students who receive foreign remittances or tuition funds from abroad.
4. Access Bank – Student Savings & Early Savers
Access Bank supports students with low-entry savings accounts, mobile banking via AccessMore app, and scholarship initiatives. Their domiciliary accounts also make it easy for international students to pay fees or receive support from abroad.
5. Zenith Bank – Aspire Account
Zenith’s Aspire Account targets students aged 16–25, with no maintenance fees, free Mastercard PayPass, and scholarship draws. Combined with Zenith’s reliable domiciliary banking services, it is ideal for international students.
6. First Bank – XploreFirst / FirstEdu
First Bank is Nigeria’s oldest financial institution and offers multiple student-focused products. Their XploreFirst account supports young savers, while FirstEdu offers educational loans. First Bank’s domiciliary account is widely accepted for international transactions.
7. Wema Bank – ALAT Digital Banking
Wema Bank’s ALAT is Nigeria’s first fully digital bank, providing flexibility and convenience for international students. With ALAT, students can open accounts online, access virtual cards, and manage finances with ease.
Final Thoughts
International students in Nigeria should prioritize banks that offer domiciliary accounts, digital services, and student-friendly perks. GTBank, Stanbic IBTC, UBA, and Access Bank are the most recommended, but Wema and Sterling also provide excellent digital-first experiences. Always compare account requirements and fees before making a final decision.
Reminder: International students should also consider ease of receiving foreign funds, ATM access, and campus branch availability when choosing a bank.
