It is a Savings account opened for a minor up to 16years. This is an ideal, safe and easy way to start saving for your child’s future.
Benefits of a minor account:
- Record all your transactions with a Savings book
- A minimum of R50 is required to open the account
- No deposit fee charged and minimal coinage deposit charge
- Guardian to open with his/her passport/ID together with a minor’s certified passport/birth certificate/baptism certificate.
- Minimum opening balance is M100.00