Smart Save for minors is a Savings account designed for scholars and children under 16 years. This is an ideal, safe and easy way to start saving for your child’s future.
Benefits of Smart Save for Minors:
Record all your transactions with a Savings book
A minimum of R10 is required to open the Smart Save for Minors account
Open to all minors under 16 years of age
Keep your money safe
Withdraw from any Post Office retail branch nationally
Save what you want when you want
Normal cheque deposits are free
Make it work for you
The Smart Save for Minors account works best if you have some money you want to put away safely but know you will need access to it in the near future. Cheque deposits are free into this account, however, you need to avoid special clearances as this can be a more expensive process. Be Smart and Save
How to Apply
You can apply at your nearest Post Office. All you need is your Birth Certificate, Parent/Guardian's ID and if you are a minor one of your Parents/Guardian must accompany you. Parents/Guardian may also need to provide proof of residential address in order to comply with the Financial Intelligence Centre Act (Fica).