Kids between the ages of 0-13 years
Parents/ Guardian will manage the account on behalf of the child
Child’s birth certificate
One passport photography of the parents/ Guardian of the child.
Parents/ Guardian valid ID, International Passport, License, Voter ID.
Utility bill with 3 months from account opening date.
– Minimum Opening Balance- SLE 200
– Minimum Operating Balance of- SLE 200
– Maximum Cumulative Balance- No Limit (Full KYC)
– Credit Interest Rate- Prevailing Interest Rate on Savings Account (Payable Monthly)
– Withdrawal across counter: (Free)
– Withdrawal Characteristic (Monthly interests forfeited after – withdrawals in the month)
– No Interest Payment for more than 3 withdrawals in the month
– Cheque Book (No)
– Deposit of Other Banks Cheques (OBCs)- Allowed (Tier 3 (Full) KYC)
– Required KYC- Full) KYC allowed for parents/guardians/ Tier 1, Tier 2 &
Tier 3 (Full) KYC allowed for parents/guardians
– Cash Deposit Limit – No Limit
– Debit Card- No Debit Card
– Funds Transfer Outside The Bank – Yes
– Funds Transfer Within The Bank – Yes
– Additional Channel Services- Free SMS Alerts , Mobile Banking, Free
Online , Mobile Banking