Bank turns student card into bank card

Many banks have already unveiled their student bank accounts, including interest free and money-off deals. Each year, countless stores run back-to-school specials that promise big savings. But the best money-saving chance for scholars may just be at their local bank. The best checking accounts for students can yield considerable savings over typical checking accounts.

While there may be other accounts that meet your needs as a student, Steward Bank has partnered with National University of Science & Technology (NUST) to unveil a bank account connect to the Student ID.lance2

Speaking at about the launch Steward Bank CEO, DR Lance Mambondiani said “A first in Africa. Steward Bank has turned the conventional student ID card into a bank account linked to Ecocash. This means every student going to the Universities we have partnered with such as NUST and HIT and others will have automatic access to a bank account once activated.”

“Like any other bank card, the card is ZimSwitch enabled and can be used on all POS and ATMs across the country. Banking should be easily accessible to everyone, universal and cost effective. Immensely proud of the Steward Bank team constantly pushing the boarders of Innovation to do banking differently.” DR lance added.

Along with the knowledge to be gained in the classroom, college is a good time to learn responsible banking habits.

One of the key benefits of opening a banking account are Automatically pay bills ,rather than remembering when you need to pay bills every month, having an account means you can automate payments to come out at a fixed time, so you’ll never forget; Keep your cash safe ,while keeping your money under the mattress may feel like a safe place – it’s not protected from things like a fire, flood or theft. In a bank however, your money is insured, which means it’s safe; Mobile banking, Need to lend your friend some cash but the banks are closed? You can now use apps on your smartphone to transfer cash to friends or family instantly and keep an eye on your balance to see how much money you have in your account.