Unity Kids Account
This is a hybrid account that combines features of both current and savings account
Target Market
Motherless babies Homes
Parents and guardians
Kids Endowment Fund
Product Features
Savings account product for children.
Normal savings interest rate.
Converts automatically to current account when the child turns 18 years
Product Benefits
Encourages savings and banking habits from childhood
ACE kiddy bank and free gift
Automatically becomes member of ACE club
The child gets free birthday gift on birthday
Note: The trustee is referred to here as the customer since he/she will be responsible for the operation of the account till the account holder attains the age of 18.
Product Requirements
Minor
a) Two passport Photographs. (One must be the minor while the other will be the parent or guardian that is trustee to the account)
b) Identification of the trustee to the account in the form of a valid National ID Card, valid International passport or valid National Driving License.
c) Account opening forms duly completed.
d) Two duly completed signature cards.
e) Minimum account opening deposit (i.e. cash) as applicable.
f) Receipts/evidence of payment of water rates, electricity bills or telephone bills, for the preceding 3 months.