Who is entitled to manage a child's account?

A child's account should only be managed by the legally authorized person, such as a guardian or custodian, as applicable, and not simply by a relative.

Key points

• The bank requires documentation to verify this authorization and will specify the actions the guardian can take on the account.

• If there are significant transactions or funds belonging to a minor, additional restrictions or legal approvals may apply.

• Ask the bank specifically about the specific management, withdrawal, and investment permissions.

Source

• Central Bank of Egypt — Financial Inclusion Rates

• Banque Misr — Account Terms and Conditions (PDF)

• Banque Misr — Savings Accounts