Junior Account is a savings account specially designed for children aged 10 to under 18 years old under the supervision of a parent or legal guardian, and can be opened via KB PRASAC Mobile app. Junior Account provides a safe and easy way for young customers to save money, learn financial responsibility, and enjoy modern banking services from an early age.
Junior Account helps children build healthy financial habits while parents stay connected and in control.
Annual Interest Rate
| USD | KHR | ||
|---|---|---|---|
| Balance | Interest Rate | Balance | Interest Rate |
| ≤ USD 500 | 1.50% | ≤ KHR 2,000,000 | 1.50% |
| > USD 500 – ≤ USD 1,000 | 2.50% | > KHR 2,000,000 – ≤ KHR 4,000,000 | 2.50% |
| > USD 1,000 – ≤ USD 3,000 | 3.00% | > KHR 4,000,000 – ≤ KHR 12,000,000 | 3.00% |
| > USD 3,000 – ≤ USD 10,000 | 3.50% | > KHR 12,000,000 – ≤ KHR 40,000,000 | 3.50% |
| > USD 10,000 | 3.50% | > KHR 40,000,000 | 4.00% |
Product Features
| Features | Description |
|---|---|
| Currency | KHR and USD |
| Initial & Minimum Balance | Not required |
| Withholding Tax |
|
| Age of Child | From 10 years to under 18 years |
| Interest Payment | Interest is accrued daily and credited to your account automatically at the beginning of each month or at the time of closing the account |
| Account Type | Junior Account is opened jointly under the names of the child and their legal parent or guardian. |
| Account Name | Use the name of the child who is the primary account holder as the Account Name |
| Virtual Card | Be able to create a Virtual Card only through KB PRASAC Mobile with card limit USD 100 per transaction or per day |
| Deposit Channel |
|
| Available Functions in KB PRASAC Mobile app for Child |
|
Benefits for Parents
- Parents or guardians can conveniently open a Junior Account for their children anytime and anywhere through the KB PRASAC Mobile.
- Easily and conveniently transfer funds to children through digital banking services, saving both time and effort.
- Monitor and review children’s account transactions and spending at any time.
- Help children develop effective saving habits and responsible digital financial management skills.
- Manage and supervise children’s usage of KB PRASAC Mobile anytime and anywhere.
- Enjoy competitive interest rates and secure deposit services with KB PRASAC Bank.
- Reduce risks associated with carrying physical note by enabling secure digital transactions.
Benefits for Children
- Gain valuable experience in digital savings and cashless payment services.
- Learn effective saving habits and digital expense management skills from an early age.
- Minimize risks related to carrying or losing physical note.
- Enjoy a banking experience that is convenient, fast, and modern.
Required Documents
Parent need to prepare supported document of their child before start submitting their request throughout KB PRASAC Mobile:
- Birth Certificate / Certificate of Birth / Certified Copy of Birth Certificate; or
- Family Book; or
- Residence Book; or
- Passport; or
- Cambodian National Identity Card; or
- Other identification documents issued by competent authorities.
Note:
- Interest rate and fee above are subject to change by notifying customers in accordance with the requirements of the law.
- Other terms and conditions apply.
