You can open a special children’s savings account for your toddlers in most Nigerian banks. These accounts are usually called “Kids Account”, “Kiddies Account”, “Children Savings Account”, or “Teens Account”.
The account is opened in the child’s name, but controlled by the parent or guardian until the child becomes older.
Common banks in Nigeria offering this include:
firstbanknigeria.com
ubagroup.com
zenithbank.com
ecobank.com
fidelitybank.ng
fcmb.com
The requirements are usually similar across banks.
Documents You’ll Need
For the child:
Birth certificate
Passport photograph
Sometimes NIN (if available)
For the parent/guardian:
Valid ID card
(National ID, Driver’s License, PVC, or International Passport)
BVN
Utility bill or proof of address
Passport photograph
Some banks may also ask for:
Parent’s NIN
Minimum opening deposit (some require ₦0, ₦1,000, or ₦2,000)
Fidelity Bank Plc +3
How To Open It
Option 1 — Visit a branch
This is the easiest for first-time setup.
You:
Go to the bank branch
Request a children/kiddies account form
Fill the form with your child’s details
Submit documents
Deposit the opening amount if required
Option 2 — Start online
Some banks allow partial online registration before visiting the branch.
Examples:
ubagroup.com
ecobank.com
Important Things To Check Before Choosing a Bank
Look at:
Mobile app quality
Ease of transfers
Interest paid on savings
ATM/debit card availability
Minimum balance
Charges
Whether you can automate monthly savings
For toddlers, the most useful feature is usually:
automatic monthly saving from your own account into theirs.
A Practical Approach
Many parents do this:
Open one children’s savings account
Deposit monthly (₦5k, ₦10k, ₦20k etc.)
Use it for:
school fees
emergency child expenses
future investment capital
long-term savings habit

Yes, you can open a CSCS account for toddlers or minors in Nigeria. The account is usually opened as a Minor CSCS Account through a licensed stockbroker, while the parent or guardian manages it until the child becomes an adult.
A child cannot open a CSCS account directly by themselves. You must go through a stockbroking firm first.
What You Need for a Toddler’s CSCS Account
Most brokers will ask for:
Child’s birth certificate
Child’s passport photograph
Parent/guardian valid ID
Parent/guardian BVN
Parent/guardian bank details
Utility bill or proof of address
Completed stockbroker account opening form
Some brokers specifically state that for minors (0–15 years), the child’s birth certificate and passport photo are compulsory.
How the Process Works
Step 1 — Choose a Stockbroker
You first open an investment/trading account with a stockbroker. The broker then creates the CSCS account for the child.
Examples of Nigerian stockbrokers include:
meristemng.com
stanbicibtcstockbrokers.com
investnaija.com.ng
cardinalstone.com
moltentrust.com
Step 2 — Request a “Minor Account”
Tell them clearly you want:
a minor stock trading account
linked to a minor CSCS account
The account is usually operated “in trust” by the parent or guardian until age 18.
Step 3 — Submit Documents
Upload or submit:
child documents
parent/guardian documents
signatures
passport photos
Step 4 — Broker Opens the CSCS Account
The broker sends the details to cscs.ng and a CHN (Clearing House Number) is generated for the child. That CHN is the child’s CSCS number
Important Things to Know
The shares belong to the child legally.
The parent/guardian controls transactions until adulthood.
Dividends can be linked to the child’s bank account or a trust structure depending on the broker.
You can use the account to buy:
Nigerian stocks
Treasury products
ETFs
Bonds
Good Strategy for Toddlers
For children, many parents gradually buy:
banking stocks
dividend-paying companies
ETFs
blue-chip Nigerian companies
Examples on the Nigerian market include:
GTCO
Zenith Bank
MTN Nigeria
Dangote Cement
This works well for long-term wealth building because toddlers have a very long investment horizon.
If You Want the Simplest Option
Among online-friendly brokers, many Nigerians find these easier for beginners:
meristemng.com
stanbicibtcstockbrokers.com
moltentrust.com
Molten Trust explicitly mentions support for minor accounts online
You can also contact cscs.ng directly if you want official clarification before choosing a broker.