Can an account be opened in the name of a minor? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can an account be opened in the name of a minor?

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

Yes, there are accounts for minors, subject to the bank's terms and conditions and the legal status of the account holder.

Inquire about the minor's age, the source of funds, and who has the right to withdraw funds until they reach the legal age.

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