About Jaiz Kids Account (Mudarabah)

Opening an account for your child is an exciting moment. We at Jaiz Bank believe that learning the concept of saving early would help children develop financial responsibility later in life. This is why we introduced the Jaiz Kids Account. This account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running it until the child attains adulthood. The account is operated based on the principle of Mudaraba (Partnership). It allows customers earn profit on their deposits.

Requirements for savings

• If more than one signatory include personal information, means of ID and Passport Photograph for the second signatory
• Account opening form duly completed
• Bank Verification Number (BVN) of signatory
• Valid means of identification (International Passport, Driver's license, National Identity Management Commission (NIMC) Card, Voter's card)
• Bank Verification Number (BVN)
• One recent clear passport photograph of Guardian/Parent and child
• Child's Birth Certificate
• Public utility receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill etc.)

States Covered