Call us at (+597) 474533 and schedule an appointment to apply for a children's account or visit our office at Tourtonnelaan 33.
Save for your child's future
It's always a good idea to build a savings fund for your child. They may want to pursue higher education or obtain their driver's license in the future. This savings fund can help make that possible.
Do you want to lock this money away for a longer period?
You can lock your child's savings for a longer period, making it inaccessible for a set time. This ensures that the savings truly remain in your child's savings fund. Check out our term deposits.
Benefits of saving with the Southern Commercial Bank
- Accounts available in 3 currencies: SRD, USD, and EURO.
- Individual and joint accounts available in all currencies.
- Flexible terms for joint accounts.
- Daily access to funds while earning interest at the same time.
- The account can be maintained free of charge*.
- No local transfer fees.
- Option for automatic payments at no additional cost.
What you need to open a savings account
When opening a savings account for a child, one of the parents must always be present.
For residents (both personal and joint accounts):
Valid identification (ID card, driver's license, or passport of the child and the parents).
Application form
Non-residents:
Valid passport
Valid visa
Reference letter from the foreign bank
Good to know
- A minimum deposit is required to open the savings account.
Minimum deposit per account
SRD: SRD 100
USD: USD 100
EUR: EUR 100 - You can choose to receive bank statements. You are free to decide the frequency of the statements, such as monthly, quarterly, semi-annually, or annually. There are fees for printing and sending the bank statements. You can also choose not to receive bank statements.
Fees per bank statement
SRD: SRD 2,50
USD: USD 0,80
EUR: EUR 0,50
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