Co-operative Bank of Kenya has now allowed parents to open bank accounts for their children.
Dubbed Jumbo Junior, the account teaches children the joy of savings and financial security at an early age.
It is a transactional account designed for children below the age of 18 years for the safekeeping of money.
Benefits
The account allows automatic membership to the Jumbo Junior Club, which entitles one to free ele-bank on opening a new account and free birthday card on child’s birthday anniversary.
The account also gives discounted bank cheques for fees payment.
The child will interest payable at 3 per cent.
Requirements
- Parent’s or guardian’s original ID Card as well as a copy
- Copy of birth certificate of the child
- Minimum opening / operating balance of KES 500
- Debit card (optional) @ KES 600
- Copy of KRA PIN
Click here to open the account.
