Transform today’s dreams to tomorrow’s wins with our Minor Account

Plan for a future filled with wins for your little one with a saving account that encourages early savings and future planning.

Feature & Benefits

Free cash withdrawal from any bank ATM in Oman

 

Zero minimum balance charges

 

Account maintained in OMR, AED, GBP and USD

  • Free Debit Card for children aged 15 years and above
  • Free Cash Deposit Card for children below 15 years

Competitive profit rates on saving account payable on monthly average balance

Free Standing instruction to child’s saving plans goals

Terms & Conditions

Accounts maintained for Minors shall be operated by a parent or legally appointed guardian (The Operator) until the Minor attains the age of 18.

All the monies standing to the credit of such accounts shall be held for the benefit of the minor and shall not form part of the assets of the Operator of account.

The Operator of the Account shall promptly inform the Bank on the Minor reaching the age of 18

Debit Card with a daily ATM cash withdrawal limit or POS usage limit of RO 50 per transaction and total transaction amount not exceeding RO 200 per month

Cash Deposit Card for minor account holders below 15 years of age will not have any withdrawal facility. Cash Deposit facility is currently offered at Sohar International CDMs only.

The bank reserves the right to amend interest rates for the interest-bearing savings account without any prior notice to the customers.

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