Equity Bank offers parents an opportunity to open account for their children. This account is very crucial especially for parents who would want to secure their children’s future.
One of the advantages of having this account is that in case of any eventuality, such as death, the child will not have difficulties in educating herself. The account also enables the child to understand how to save money, giving her advantage over other children who have zero financial management experience.
To open a child account at Equity bank, follow this procedure
Providing teens a safe avenue to save their money
Features
- Account opened in the teen’s name.
- Account opening/Operating balance of Ksh 200.
- Two free withdrawals in a year, additional withdrawal charged at Ksh 200.
Benefits
- Affordable: low account opening balance, no account maintenance fees.
- Free financial educational booklet.
- Free financial education every quarter.
- A channel for enhancing financial literacy.
- Free entry to Teen Member open days.
Requirements
- Original and copy of Parent’s/Guardian’s National ID/Passport.
- Original and copy of teen’s birth certificate.
- Account opened in the teen’s name.
- Account opening/Operating balance of Ksh 200.
