What do you need to know about BSN Children GIRO Account?
BSN offers the GIRO account for children, to compliment those catered to both teenagers and adults. The great thing about this account is that children can also enjoy earning interest profits when they choose to save. Even better, any primary school children can open an account with only RM1 - it might costs them their daily lunch allowance, but it's for their own good!
Any other noteworthy features?
The passbook will be issued to the account holder upon the account opening. You can help manage child's savings by keeping track of past banking transactions with the passbook. An account statement can also be issued for the same purpose of keeping track of your account balances.
Am I eligible to open this savings account?
This is a savings account for made children, so the applicant should be no more older than 12 years old, but no younger than 7 - of course, a parent or legal guardian will usually open an account on the child's behalf.
For a joint account however, two account holders aged 7 and above can be shared owners of the BSN Children GIRO Account. All that is needed is an initial minimum deposit of RM10, which is also the amount needed to properly maintain your BSN Children GIRO Account.