Securing your child’s future and teaching them the value of money is one of the top priorities of any parent. Therefore, we present to you "Sohar Minor account" the perfect savings solution for you and your child, whilst being rewarded at the same time. Save for your child’s future with Sohar Minor account.
Interest baring savings account. Interest amount will be credited on a monthly basis.
Minor Account Weekly Draws
Free Debit Card for children aged 15 years and above*
Free Cash Deposit Card for children below 15 years
Free Accidental Life Insurance of up to RO 75,000
Minor account holders can also participate in other Savings Scheme prize draws*
8 chances earned for every minimum average balance maintained in the account
Zero minimum balance charges
Accounts can be maintained in OMR, AED, GBP and USD
Discounted premium for education shield insurance product on availability*
Internet Banking Facility: View access to parents
Enjoy 1-minute banking with a host of services on the Sohar International Mobile Banking App
Saving accounts : special prize category for minor account holders
Interest bearing Savings Account
This is an account for children that parents or guardians may open to plan a future for the child. It can be opened with just OMR 5. The parent or guardian has access to their child's account through the branches and ATMs. They can also give instructions to transfer a fixed amount every month from their account to the child's account.
Debit Card with a daily ATM cash withdrawal limit or POS usage limit of RO 50 per transaction and total transaction amount not exceeding RO 200 per month.
An initial deposit of RO 50. Parents can choose free standing instructions to transfer a fixed amount of RO 10 or higher every month.
Cash Deposit Card for minor account holders below 15 years of age will not have any withdrawal facility. Cash deposit facility is currently offered at Sohar International CDMs only.
The bank reserves the right to amend interest rates for the interest-bearing savings account and will notify the customer about any such change.
#Insurance coverage will be on accidental death of the primary account holder (parent) opening the kids account. The claim amount payable will be double the kids savings account balance as on the last business day of the previous month up to a maximum of RO 75,000/-. The coverage shall be as per the T&C of the insurance policy provider.
Terms & conditions apply