Diamond bank Nigeria is a financial services provider headquartered in Lagos. As at June 2013, the bank operates 240 branches in Nigeria, 20 branches in Benin Republic, 2 branches in Senegal, 3 branches in Côte d’ Ivoire and one branch in Togo. The bank began as a private limited liability company on March 21, 1991 and was incorporated on December 20, 1990. It became a universal bank on February 2001, ten years after its inception. Diamond bank happens to be one of the leading banks in Nigeria which is driven by innovation and operating on the most advanced commercial banking technology platform in the market.


One of the innovations of the bank is the Diamond xtrasavings account. This savings is a unique reward scheme which has been running since 2010 and is called the Salary4life. This promo rewards Diamond bank’s account holders to win up to #100,000 monthly payments for the next 20 years. To pick the lucky winners, draws are usually held on weekly and monthly basis. This promo encourages people to save while they also earn a competitive savings interest rate and a chance to win in both the weekly and monthly draws.


The xtrasavings account is designed for people willing to build up their savings gradually. It is an interest yielding savings account that yields interest at the end of every month.



How To Enroll And The Requirements To Be A winner

– Existing Customers: Increase your Diamond xtrasavings account balance with a minimum of #5000 every month. Savings deposits should be in multiples of #5000 and the more you save, the higher your chances of winning.

– New Customers. Visit any Diamond bank branch and open a Diamond xtra savings account with a minimum of #5000 and increase your balance with a minimum of #5000 every month. The more multiples of #5000 you save, the higher your chances of winning.

– You can also download the form from the bank’s official website at http://www.diamondbank.com.ng Fill the form and submit to the nearest Diamond bank branch along with the required documents.


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Savingsxtra Account Requirements

  • National ID card/Driver’s license/International passport.
  • Proof of address or utility bill such as NEPA bill.
  • Two passport sized photographs.
  • #5000 cash or multiples of cash to deposit.




  1. One main customer to be rewarded with the star prize salary4life from each monthly draw. Every winner from each month will earn #100,000 every month for the next twenty years.
  2. One customer to win a brand new Hyundai car from every quarterly draw.
  3. Three quarterly draws to be held from which winners will emerge.
  4. Over 4,950 customers to win a Total of #433,2 million.
  5. Ten customers will be rewarded with 1million every month in the monthly electronic draws
  6. One lucky winner to win five years education allowance of #100,000 every month for five years
  7. Three customers to win one year rent.
  8. Six customers to win #1,000,000 each at the end of every quality.
  9. Other unique value added benefits include: earning competitive monthly interest on savings, access to quality healthcare for just #6000 annual, lodgment of cheques and dividend warrants from other banks into your bank account and many more.
  10. SMS notifications and alerts in all transactions and internet and phone transactions.


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