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Jaiz Kids Account

(Mudarabah)

Opening an account for your child is an exciting moment. We at Jaiz Bank believe that learning the concept of saving early would help children develop financial responsibility later in life. This is why we introduced the Jaiz Kids Account. This account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running it until the child attains adulthood. The account is operated based on the principle of Mudaraba (Partnership). It allows customers earn profit on their deposits.

Features

  • Opening balance of N2,000
  • Monthly profit payment
  • This account is opened in the child’s name and operated by the parent/guardian
  • Cheques/Dividend warrant of up to N2 million can be lodge into the account

Documentation

  • Duly completed Account Opening Form
  • Valid means of identification for the Parent/Guardian: National ID card, International Passport, Voters Card or Driver's License
  • Public Utility Receipt/ evidence of address dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill etc.)
  • Birth certificate of the child
  • One (1) Passport photograph each for the guardian and child
  • If more than one signatory include personal information, means of ID and Passport Photograph for the second signatory
  • BVN of Parent / Guardian

For further enquiries on any of our products and services kindly contact us on 07080635500, 07080635555 or email us: customercare@jaizbankplc.com

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