In line with Bank of Palestine's continuous efforts to offer unique banking services that cover all segments of the Palestinian society, BoP launched a new program for children savings accounts titled: "BoP Children's Savings Account: Investing in their Dreams".
The program was specifically designed to secure the future of children by encouraging all customers to save a slight part of their monthly income to secure the future of their children and each child will get an annual return based on his/her saving and its duration. Children from the age of 1 day to 17 year-old can participate in the program.
Mr. Hashim Shawa, chairman and general manager of BoP confirmed that this program is part of the bank's effort to increase products and services to cover all segments of the society, especially the children who constitute more than 50% of the Palestinian society.
This program was a result of several studies and surveys conducted to determine customers' needs and capabilities. BoP Kids children savings accounts program is also consistent with the bank's vision of encouraging and spreading the culture of saving in Palestine.
The minimum monthly saving amount per child is USD 10 & the maximum monthly payment is USD 500. In addition, a parent is allowed to deposit a lump sum amount at the opening of the account with a maximum of $ 10,000 to be considered as part of the program.