Is It Compulsory to Open Bank Account in NYSC Camp?

If you are a prospective corps member (PCM) preparing for the National Youth Service Corps (NYSC) orientation camp, you might be wondering if you need to open a bank account in the camp. The answer is yes, it is compulsory to open a bank account in NYSC camp. Here are some reasons why:

• You need a bank account to receive your monthly allowance from the federal government. The allowance is paid through the bank account you open in the camp, and it is the only way you can access your money during your service year.
• You need a bank account to register for the NYSC biometric verification system. This system is used to verify your attendance and participation in the NYSC activities, such as clearance, community development service (CDS), and passing out parade (POP). You cannot register for the biometric verification system without a bank account.
• You need a bank account to access other financial services and benefits offered by the NYSC partners. Some of these services and benefits include loans, grants, insurance, savings, and investment opportunities. You can only access these services and benefits through the bank account you open in the camp.

How to Open a Bank Account in NYSC Camp

Opening a bank account in NYSC camp is easy and fast. Here are the steps to follow:

• Visit any of the bank stands in the camp. There are usually several banks available in the camp, such as Access Bank, FCMB, GTBank, UBA, Zenith Bank, etc. You can choose any bank that suits your preference.
• Fill out the account opening form. You will need to provide some personal details, such as your name, date of birth, phone number, email address, BVN, next of kin, etc. You will also need to provide your NYSC call-up letter and your school ID card or certificate as proof of identity.
• Submit the form and get your account number. The bank will process your form and issue you an account number instantly. You will also receive an SMS or email confirmation of your account opening.
• Activate your account and get your ATM card. You will need to fund your account with a minimum amount (usually N500 or N1000) to activate it. You will also need to request for an ATM card, which will be delivered to you within a few days. You can use your ATM card to withdraw cash from any ATM machine or POS terminal.

Conclusion

Opening a bank account in NYSC camp is compulsory and beneficial for every PCM. It is also easy and fast if you follow the steps and tips outlined above. Do not miss this opportunity to open a bank account in NYSC camp and enjoy the financial services and benefits that come with it.