If you have successfully opened a YEIDEP (or NIYEEDEP) bank account with any participating bank, the next few steps are very important. Completing these steps properly will make your account fully active and ready for the next stages of the program.
Why You Need to Upgrade Your YEIDEP Account
After setting up your account, you must visit the nearest branch of the bank where you opened it.
Most accounts created online usually have transaction limits, often restricting daily deposits to ₦50,000.
To enjoy full account features and to participate in upcoming program benefits, you need to upgrade your account.
Documents Required for Account Upgrade
When visiting the bank for the upgrade, make sure to bring a valid means of identification.
Acceptable IDs include:
- National Identity Card
- Driver’s License
- Permanent Voter’s Card
- International Passport
It’s best to carry more than one ID if you are not sure which one you used during the online registration.
Additionally, the bank may request:
- A recent passport photograph
- A utility bill or proof of address for further verification
Keeping Your Account Active
After upgrading your account, it is advisable to make an initial deposit. Even a small deposit can help keep your account active.
This is important because:
- It shows you intend to use the account.
- It prevents the account from becoming dormant.
- It avoids possible restrictions from the bank due to inactivity.
Banks usually monitor accounts and can place restrictions if they remain unused for too long.
What Happens Next – Farming Season Launch
Recent updates suggest that the YEIDEP/NIYEEDEP program is scheduled to align with the beginning of the farming season across the country.
Once your account is fully upgraded and active, the next step is simply to wait for official program activities to begin, which will be tied to the farming season.
Stay Informed
Applicants are encouraged to keep an eye on official announcements either from their banks or from YEIDEP program coordinators.
All important updates about disbursements, training schedules, or other program benefits will be communicated as the farming season nears.
Stay alert, complete all necessary steps, and make sure your account is ready when the program activities commence.