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UBA Says Its Branches Will Open Saturdays For Naira Notes Deposit

Following the Central Bank of Nigeria’s (CBN) announcement on Wednesday that it will redesign naira notes, United Bank for Africa (UBA) has adjusted its opening hours to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022.

Although CBN said the new notes will come into circulation on December 15th, UBA has however encouraged its customers to deposit the current naira notes to the bank before it becomes banned in January 2023 in a circular that read thus:

“On 26th October 2022, CBN announced the introduction of new Naira notes, which will come into circulation on December 15th, 2022, whilst existing Naira notes will remain legal tender until January 2023.”

Instructing customers, UBA said, “start depositing your existing naira notes into a UBA branch closest to you.”

“Don’t panic, we are adjusting our branch opening hours for your convenience. We will open Saturday (Cash deposit only) from 10 am to 2 pm.”

“Zero charges will apply for all cash deposits. Have your debit card handy for payments on POS terminals.”

“If you do not have a digital channel, please download the New UBA Mobile app from your App Store or access one of our other channels – Leo, Internet Banking, *919* for your transactions.”

“Remember, present notes can still be used for the purchase of goods and services until the cut-off date in January.”


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