Junior Account

It is never too early to start saving for your child’s future. With Canadia Bank’s Junior Account, parents will be able to manage funds for their child's future with exclusively high-interest rate earned, at the same time educate the child with financial literacy from a young age. The money invested in the account is held for the child until age 18.
Currency USD
Interest rate per annum 5.50%
Interest payment Every year
Minimum opening balance USD200
Minimum on-going balance USD2,000
VISA/ master Credit card - Classic: USD13/year
- Gold: USD28/year
Standing order
(register/transaction) Fee
Free
Passbook Free upon request only
Mobile banking Free
Deposit Max. USD100,000 per annum
Withdrawal • Allow 1 withdrawal per month
• Auto converted to Savings Account after account holder turns 18 years old
Access to open/close All Canadia Bank branches
Early closure USD50, If account closed within 12 months from opening date.
Other benefits • Enjoy attractive interest rate
• 5% discount at Canadian International School Phnom Penh
• 25% discount at Dinosaurs Alive at Chrouy Chongva Satellite City
• Discount on selected facilities at CIS Roller Dome
• Credit card facility up to 80% of account balance
Requirements • Junior/Kid
- Age below 16 years old
- Birth certificate and 2 passport-sized photos
• Parent/Guardian:
1. Local/Cambodian:
- At least 18 years old
- Original and valid passport or National ID
2. Foreigner*
- At least 18 years old
- Original and valid passport with valid visa
• Proof of residence in Cambodia if he/she is domiciled or has a priniciple place of abode in Cambodia or is present in Cambodia for more than 182 days in any 12-month period in the current tax year
• Attached Resident Status:
- House rental contract or
- Certificate of residential address from authority or
- Hotel lease/bill including a minimum of 6 months tenor in the contract; or
- Employment Contract or
- Certificate of employment or
- Business license/certificate (if self-employed)
=> One of the above attached shall be at least a minimum of 6 months validity

The above Interest Rate and Terms & Conditions are subject to change at the Bank's sole discretion without any prior notice to customer.
For further information, please visit your nearest Canadia Bank branch or give us a call at (+855) 23 868 222.

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Junior Account

More Information

1. What is a Junior Account?

Junior Account is specifically designed to teach your children the benefits of saving. It helps you inculcate the habit of saving money in your children while planning for their future at the same time.

2. What documents are required to open Junior Account?

◾ Child

     o  Child is under age of 18

     o  Certificate of birth or passport (with at least 3 months validity) or any other identification document issued by the authority

◾ Parent or Guardian

     o  Be adults age 18 and older

     o  Have an identification document such as Cambodian identify card, passport (with at least 3 months validity) or any other identification document with photo and issued by the authority which are:

     o  Identification document with photo issued by local authority, or

      - Family book (for family leader), or

      - Family book (for family member) or residential book and also attach other documents with portrait such as employment ID, driving license, or government official ID, etc.

3. What currency can I open Junior Account?

Junior Account can be opened in US Dollar.

4. What is the interest rate of junior account?

Canadia Bank offers very competitive interest rate of 5.50% p.a. However, the Bank reserves the right to change the interest rate from time to time without any prior notice.

5. What is the minimum balance for Junior account?

Junior Account has only USD200 minimum balance.

6. How to make deposits into Junior Account?

Parent or guardian can deposit into Junior Account in cash/cheque or money transfer of up to USD100,000 per year otherwise approval is required.

7. Can a parent or guardian make withdrawals or payments through Junior Account?

Parent or guardian has the rights to make withdraw if the balance is over USD2,000 however other electronic banking transactions or payments are not available.

8. Can a parent or guardian close the account before the due date?

Yes, he/she can.

9. When can a child be eligible for this account?

When a child is 18 years old or set by a parent or guardian.

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