Our Toto’s Treasure Account, is a savings account targeting children from birth to 18 years.The Toto’s Treasure Account, creates avenues where parents can inculcate a savings culture amongst their children while saving for their future financial needs at the same time.
Features:
- Opening bal. UGX 30,000/=, USD/EUR/GBP 50
- bal. of UGX 20,000, USD/EUR/GBP 30.
- Interest of 3% accrued daily and applied Quarterly
- No a/c maintenance fee
- Charge for extra withdraws of 10,000/=, USD/EUR/GBP10.
- Access to a savings box (optional and at a fee to customers)
- Automatic migration of customers to U-Savers upon attainment of 18 years
- Option of a Prepaid MasterCard
Benefits:
- Ability to save for children’s education
- Attractive interest rates
- Access to a savings box
- Access to life & education insurance benefits
- 1 free withdraw per quarter
Fees and Charges:
- No a/c maintenance fee
- Charge of UGX 10,000, USD 10, GBP 10 and EUR 10 for extra withdraws in the quarter
Requirements:
- Birth certificate/Immunization card/ baptism card.
- Valid Identification for parent /guardian
- 2 passport size photos for parent/guardian and 2 for the child.
Requirements For Non-biological Child:
- Guardianship order where available
- The parent should come to the Bank and write a letter authorising the guardian to open the Toto’s account.
- In case the parents are deceased, the copy of letters of administration and/ or death certificate should be obtained.
- In the absence of all the above, the guardian should provide a letter signed by the local authority/leader e.g. Church, CAO etc. that is verifiable by call back.
