Banking for Kids

By Thazza

My 19 year old son want's to open a savings bank account here. He is still at school so has no regular income which many of the banks require. Also many seem to want a minimum amount kept in the account which is no good for someone with only a few riyals to his name. Does anyone know where he could open an account without these restrictions?

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By stealth• 11 years 10 months ago.
stealth

even QNB has it. so does Masraf AL Rayan I think

By Thazza• 11 years 10 months ago.
Rating: 4/5
Thazza

HSBC only OK if kids under 18. Above that you need minimum balance of I think 8000

By faith• 11 years 10 months ago.
faith

HSBC for sure!!

By tortor• 11 years 10 months ago.
Rating: 3/5
tortor

try HSBC.. my children have their own accounts there that does not need any maintaining balance at all..i forgot what they call it but it is there...and since you son is already 19, i beleive that he will be given his own atm card..my children are still having passbook sort of account as they are both minors..

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