Start saving for your children's future.
Overview
It is a savings account held by a guardian/parent in trust for a minor.
Qualifying Criteria / Target Market:
- Parents/Guardians with children below 18 years
Here’s what you will get with a KidiStar Account
- Limited withdrawals - meet the beneficiary’s needs, such as education / health (T&Cs apply)
- Accounts are changed to regular Savings accounts when the minor attains the age of 18 years.
- Ability to use a portion of this as collateral to access an ‘emergency’ loan, say 50%, for the beneficiary’s benefit
Things to know
- The account is held in trust for minors below 18 years of age
- No monthly account maintenance charges
- No access to Debit Card, Mobile Banking (USSD) and Mobile App
- Free transaction alert and e-Statement
- Free, monthly automatic transfers from the transaction or savings accounts of parents/guardians to feed the KidiStar account as requested
Requirements
- Completed Account Opening Form
- Proof of identity of parent/guardian (ECOWAS Identity Card -Ghana Card)
- One passport-size picture of the parent/guardian
- Birth Certificate or Passport of child
- Proof of residential address of parent/guardian not more than 3 months, e.g., utility bill/ employer’s reference (Security Services)/ income tax certificate/ tenancy agreement / third-party confirmation form