Young Money Teens Account
Young Money Teens Account is specifically designed to help teenagers become responsible with their money. Account holders will be issued with a Young Money TemboCardVisa and can also register with Simbanking to enjoy seamless banking 24hrs.
What are the benefits?
- For teens who are 13-17 years old
- Can be opened and operated in either TZS or USD
- No withdrawals restrictions
- Minimum opening balance TSZ 20,000 or 20 USD equivalent
- Make purchases in shops and online
- Make payments, transfers, check balances with Simbanking *150*03# or SimBanking App
- Parents can make deposits anytime, anywhere using Simbanking *150*03# or SimBanking App
Why choose Young Money Teen Account?
- Affordable minimum operating balance
- No monthly fee
- Inculcates saving habits to the child
- School fees loan accessed through credit cards
- Parents/ Guardian gets debit alerts
How do i apply?
A parent or guardian must be with you when you open your account or if you apply for more services. You will need to bring;
- Proof of ID (Such as passport or birth certificate)
- Your two passport size photographs
- Proof of your parent/ guardian identity and introduction letter