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Children’s Account (Banoon) – NURAN Bank

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Children’s Account (Banoon)

Every father and mother strive to provide the best living conditions for their children’s. Where children’s remain the focus of greatest concern for parents in all stages of their life’s, and the main concern of parents is to provide their children’s with a better future.

“The children’s account (Banoon) from Nuran Bank was specially designed to encourage parents to save for their sons and daughters from one day to 18 years of age, and its goal is to provide a safe place for savings, encouraging you to save what you can save today and periodically, so that your children can find it when they needed and thus contribute to providing a better future for them.

Children account benefits: (Banoon)

  • The account is intended for children from one day to 18 years old
  • The account is opened for the child by their father, mother or guardian
  • Children’s account is not subject to any commissions
  • Children’s account (Banoon) is not subject to any interest
  • It is not required to open a current account when you want to open an account for your children (Banoon).
  • The possibility of issuing (standing instructions) issuing a direct debit order from your account with specifying a certain value periodically from the account of the father or mother or legal guardian to the account of the child according to the request
  • An immediate gift from Nuran Bank to the child (account holder)
FAQ icon

FAQ

Who can open an account for children (Banoon)?
The account is intended for children from one day to the age of 17 years, and the father, mother, or legal guardian of the child can open the account for the child
Are there any commissions or interest on children’s accounts?
Fees for opening an account for children (boys) 25 dinars only It is not subject to any annual commissions or interest
How can I deposit into the account?
The father or mother or legal guardian can visit the bank branches to deposit in the account and a direct debit order can be issued from your account with a specific value determined periodically (sustaining instructions) from the account of the father or mother or legal guardian to the child savings account upon request
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Required Documents

A valid identity document (for the parent, guardian, or representative).
Recent family status, proof of residency (for non-Libyans).
Birth certificate or identity document for the minor.
* Subject to the bank’s terms and conditions

NUB file icon

Required Documents

A valid identity document (for the parent, guardian, or representative).
Recent family status, proof of residency (for non-Libyans).
Birth certificate or identity document for the minor.
* Subject to the bank’s terms and conditions

Conditions

Account ownership

The parent or legal guardian will be the primary owner of the account until the child reaches 18 years of age.
Terms and conditions apply

Conditions

Account ownership

The parent or legal guardian will be the primary owner of the account until the child reaches 18 years of age.
Terms and conditions apply