Requirements for Opening a Kid's Account
The following are the requirements to open a account for a Child.
Children Below 10 Years
![](https://static.zohocdn.com/zoho-desk-editor/static/images/info.png)
Maldivian
- Application form set
- NID card of the Child
- NID of mother / father / legal parent
- Mandate form for both mother and father want to become signatories
- Signing instructions
Children Between the age of 10 and 18
![](https://static.zohocdn.com/zoho-desk-editor/static/images/info.png)
Maldivian
- Application form set
- NID card of Child
- Birth Certificate of Child
- NID of mother / father / legal parent
- Mandate form for both mother and father want to become signatories
- Signing instructions
Foreign Children below the age of 18
![](https://static.zohocdn.com/zoho-desk-editor/static/images/info.png)
Foreigners
- Application form set
- Passport (Original)
- Visa card (Original) if issued
- Birth Certificate
- Passport (Original) of father / mother / legal parent
- Work permit (Original) / Marriage visa card (Original) of mother / father / legal parent
- Mandate form for both mother and father want to become signatories
- Signing instructions
![](https://static.zohocdn.com/zoho-desk-editor/static/images/exclamation.png)
Important Information on Kids Accounts
- Age should be below 18 years
- Mother, Father, or the Legal guardian’s NID copy is mandatory
- Initial amount is MVR 100 or USD 10 (Blocked amount is also the same)
- Kids Savings Account and Kaamiyaabu Kids Account
- Not Eligible for Debits Cards and Cheque Books
- Withdrawal from Branch only
- Possible to link to Parent's Internet Banking account for viewing and monitoring purposes.
Related Articles
Requirements for Accounts for Foreigners
NOT APPLICABLE FOR NRFA ACCOUNTS The following are the requirements for account opening for foreigners residing in the Maldives. Account Opening Application Form set Passport (Original) Work permit (Original) / Marriage visa card original (original) ...
How do I withdraw from a kid's account?
For Kid's Savings account you will be able to withdraw part of the funds. However for Kaamiyaabu Kids account you will need to close the account in order to withdraw funds. Both of these actions can only be done by an authorised person visiting the ...
What is the difference between children saving account and kaamiyaabu kids account ?
Kids Savings Account Can withdraw full or partial funds anytime by visiting branch Operates similar to a savings account with a profit sharing ratio of 30:70 Kaamiyaabu Kids Account Designed to work similar to an investment account with profits being ...
What happens to Kids Account when the child is 18?
The same account can be transferred to the child once the child is 18 years old. Please visit the nearest branch to complete the formalities and they can then proceed to use the same account number and get a debit card for their account and register ...
How to open an account
Fully Digital Online Account Opening You can now easily submit account opening online through ApplyNow Portal. Login using efaas and choose Account Opening for New Customers. We also conduct Banking Day sessions at Large Companies and Government ...