This type of accounts is specially tailored and designed for young children, in which we offer periodic interests on the balances of the account. This account was dedicated individually to all children from infant to age of 18 to offer the chance of saving for future. Parents are advised to open Bara’em Saving accounts for their kids and start savings to guarantee their future.
Service Features:
- Monthly interests applied and deposited to the account every midyear at the end of June & December.
- The possibility of making permanent transfer orders from parents account to their kid account in order to promote the kid account balance monthly.
- You can use our electronic banking services to review the account anytime from anywhere in which it saves your time and efforts.
Terms and Documents required to obtain the service:
- Parent should attend into the bank in order to open the account.
- The kid should be less than 18 years old.
- Providing the original ID of the kid’s parent (a valid electronic card).
- Foreigners should provide passport copies, residence card, and an official letter from the employer.
- Providing the family card or the kid’s certificate of birth.
- Providing 2 photos for the minor (infant) and his parents.
- Filling the account opening application form.