Who manages the minor's account? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Who manages the minor's account?

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

This relates to the legal capacity of the person representing the account, the source of the funds, and how the account was opened.

The bank requires proof of guardianship or appropriate capacity, and there is a specific clarification from the CBE regarding funds provided by the mother as a donation.

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