A specialized savings account for Kids (0 – 12 years old) with parents/guardians as the trustees of the account until the child is 18year old. The account is designed to create banking awareness amongst children in a fun manner from an early age.
Features & Benefits
- Minimum opening and operating balance of N1,000
- Availability of debit card on Rainbow Account
- Earn standard savings interest monthly
- Lodgment of Cheque and Dividend Warrant in Child’s Name up to N2million
- Cheques & Dividend Warrants up to N2million can be lodged into the account
- Automatic migration to Polaris Young Achievers Account at age 13
- SMS and email notifications are sent to parents/guardians before and at the point of migration
- Access to Polaris Xperience, Polaris Mobile and USSD Banking (*833#)
Documentation
- Passport photograph
- Bank Verification Number (BVN) of Applicant
- Signature
- Means of Identification – Driver’s license, Voters Card, National ID, Int’l Passport
- Utility bill (PHCN, Water bill, Waste disposal bill, tenement, etc.)
- Proof of age document of the child (Int’l Passport, Birth Certificate, Notification of Birth)
- Utility bill (PHCN, Water bill, Waste disposal bill, tenement, etc.)
