Junior Member Account is the Cutting edge banking for future professionals offering. JUNIOR MEMBER Account is an affordable and convenient account that offers financial literacy to students.
Ideal for: Children below the age of 18 years
Key Features of the Junior Member Account
Opened by the parent/ guardian on behalf of a minor (0-17 years) in the child’s name (A/c name) with the guardian/parent as a signatory.
One withdrawal in every three months (quarterly)
Free cash deposits
Free standing order into the account
No opening balance
No minimum operating balance
Account shall fall dormant in one year but will not attract activation fee.
The account does not have a debit card
The account can be mapped to mobile phone banking
Home Bank provided upon depositing Kshs 1000 in the account
Interest earning amount Kshs. 10,000
Why You Should Open a Junior Member Account for Your Child
Free withdrawal and internal transfers
Interest rate on money saved paid every quarter
No opening/ operating balance
Free photo on account opening
Flexible deposits amounts
No limit of amount withdrawn
No Access charges
Junior Member financial literacy day
Free e-birthday cards
Free E-Statements
Deposit through all Channels
Charges
For charges applicable to this product/service, refer to the tariff guide available on this link.
What You Require to Open a Junior Member Account
Parent’s/ guardian Original and copy of national ID. (Guardian to provide proof of legal guardianship i.e. letter of administration)
Original and photocopy of child’s Birth certificate/Birth notification
Potential Risks
To safeguard funds in your account, do not share you PINs with anyone.
When making payments using your card, be sure the card stays in your sight. If you lose your card, communicate to the bank to block it.
If you suspect any of your PINs is known by others, please change it immediately
Sign Up Process
Visit your nearest Equity bank branch
Present the required documents and fill out the application form
The bank will then process your application and you can start banking with us.
For any further clarification, fill the form below and we will get back to you.
Transaction Process
Cash transaction on account happens on a real-time basis.
Transactions processing and instructions to be done by parent/guardian.
Child encouraged to visit the branch once the home bank is full.
Complaints Handling Process
Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or feedback link TALK TO US. We will record your feedback and issue you with a reference number.
We will acknowledge your feedback within 48hours.
If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
We will endeavour to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert back to you.
Rights and Obligations
T & Cs of products is available on the website and as part of the account opening form.
Data privacy policy included in customer onboarding and account opening forms
Get in touch
We would like to call you back regarding this product.
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Thank you for contacting Equity Holdings Group.
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