Arab National Bank - Al Ghad Al Mubarak Children’s Account :
Al Ghad Al Mubarak Children’s Account aims to instill the concept of saving in your children and provide a better future for them through the provision of savings and investment.
Minimum Balance
No minimum balance.
Minimum Salary
Opening Balance
Annual Rate
Monthly Fee
No
Eligibility:
Account is opened in the name of the Child under 18 years of age (under guardianship)
Fees & Costs:
• Opening saving account: Free
• Required amount to open an account: Not required
• Balance falling less than required limit: Not Applicable
• SMS Notification alert: Free
• Monthly statement by regular mail or email electronically: Free
• Account statement less than one year via branch: SAR 28.75
• Account statement from one year to five years via branch: SAR 34.50
• Account statement more than five years via branch: SAR 57.50
• Buying / Selling foreign currency: Published board rate
• Cash withdrawal or deposit via branch: Free
Benefits:
• Account is opened in the name of the Child under 18 years of age (under guardianship).
• Besides providing all the exciting benefits of Al Ghad Al Mubarak Account, there is no minimum balance required for earning profit on the account.
• Easily credit the amount from your account to the Children's account using Standing Instructions on your account.