#YOUNG account
#YOUNG account
Ajman Bank #YOUNG account is an ideal choice to help your child take the first step towards financial discipline. It is a fully sharia’h compliant savings account that encourage your kids to save, earn profits and see their money grow with time.
Features and Benefits
- Exclusive Savings account, with no fall below charges
- Can be opened only for Minors (below 18 years old)
- Specially designed debit card in the name of the “Minor”
- Denominated in AED currency only
- No minimum account balance required
- A minimum initial deposit of only AED 500 required to open the account
- Profit bearing account based on the concept of “Mudaraba”
- Minimum balance required to earn profits is AED 5,000
- 24/7 toll-free number (80022)
Documents Required
- Dully filled and signed account opening application form
- Original Passport and Emirates ID for UAE nationals and expatriates *
- Original Visa page for expatriates *
* The identification documents to be provided for both Guardian and Minor.
Note: The bank will maintain the right to ask for additional document(s), if required.
For more details, please visit our nearest branch or call our toll free number 80022.