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Child Trust Savings Account - HedgeWorth Microfinance Bank

Child Trust Savings Account

childtrust

This is a special account designed for parents/guardians which will enable them save for their children aged between 0 – 18 years to facilitate their education.

Features

  • Minimum opening and account balance of N1, 000.00 (One Thousand Naira Only).
  • Allows lodgments of cheques, drafts and dividends into the account, subject to a maximum of N100,000 per instrument
  • Periodic lodgments can be made into the account through Standing Order/automated direct debits.
  • Hedgeworth Child Trust Savings Account can be converted into a regular savings or current account, with the young saver as an authorized signatory. This is possible after the child has attained the age of 18
    • Requirements:

      • One passport photograph of each signatory and the Child.
      • Valid ID for each signatory (International Passport, National Driver’s license, National ID Card).
      • Utility bill
      • Copy of the child’s birth Certificate.
      • Mandate for nominated signatory on the account if child is under the age of 18