What are the benefits of youth and children's savings accounts? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What are the benefits of youth and children's savings accounts?

Asked by Banky team 2 months ago 2 views
Banky team Reviewed editorial answer

They are opened with a very low minimum or for free, with no administrative charges, and they do not require proof of income, as part of the financial inclusion initiative.

Children's accounts (under 16 years old) are opened under the father's guardianship, while young people can open theirs with their ID card only.

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