At the same time, 12 banks joined hands to launch the Kiddie Account Program. While these banks were no stranger to children’s accounts, they all agreed on the need to make saving affordable, accessible and convenient to attract more kiddie savers.
After negotiations that took nearly two years, the 12 banks agreed on a common denominator: children are welcome to open accounts with them with a minimum deposit of only 100 pesos or less than $ And to further help make saving a habit, bank representatives also go directly to schools to service children’s deposits.