By: Alice K. Nyeswah
As a Liberian high school girl, I used to think bank accounts were only for big business people on Broad Street or our parents who work in offices. I thought, “What money do I even get to put in the bank?” But my sister, let me tell you something whether you are selling cold water in the community, doing hair on weekends, baking for your classmates, or receiving small money from your ma or pa, opening a bank account is one serious step toward independence. It’s not about being rich. It’s about being responsible and ready for your future.
1. Get Your ID and Basic Documents Ready
First thing first, you need a valid ID. In Liberia, most banks will accept your National ID, voter’s ID (if you’re 18), passport, or sometimes a school ID but it’s best to confirm with the bank. If you’re under 18, your parents or guardian may need to go with you. Don’t feel shy; plenty of us start that way. You will also need one or two passport-size photos the same size we take for WASSCE registration and school documents.
2. Choosing a Bank Near Your Community
Next, choose a bank that’s easy for you to reach from school or your community. Around Monrovia and other counties, you’ll see banks like Guaranty Trust Bank Liberia, United Bank for Africa Liberia, or International Bank Liberia Limited. Pick one close to the main road so transportation won’t finish your small money. When you reach there, tell the security you want to open a savings account, and they will guide you. You’ll fill out a form, just write clearly and take your time.
3. Saving for Your First Deposit
You will need small starting money, called a minimum deposit. Depending on the bank, it can be around 25 to 50 US dollars or the Liberian dollar equivalent. I know that amount can feel big when you’re still in school. But think about it if you save from plaiting hair, selling pepper, helping someone type assignments, or selling recharge cards, small-small it will add up. Instead of keeping money under a mattress where anybody can see it, put it somewhere safe.
4. Receiving Your ATM Card and Using Mobile Banking
After you submit your form and deposit the money, the bank will process your account. After some days, you may receive your ATM card. With it, you can withdraw money without standing in a long line. Some banks will also connect you to mobile banking so you can check your balance from your phone. Seeing your savings grow can really encourage you, especially if you’re planning for university, nursing school, business, or other dreams.
5. Changing the Mindset About Money
My dear sister, opening a bank account is not just paperwork, it’s a mindset. In our communities, sometimes people don’t expect young girls to think about managing money. But when you open your own account, you are telling yourself, “I can plan. I can save. I can build something.” Even if it’s small today, it can become something big tomorrow.
Start Now
So don’t wait until you become a “big woman” before you start. Start now, even as a high school student. Carry your ID, your passport photo, and your courage, and walk into that bank. From one Liberian girl to another the future will thank you for the step you take today
