“Our Children” .. A new bank account from “Al Maryah” for the minors

Today, Al Maryah Local Bank announced the launch of the first unique account for minors called “Ayaluna”, which was specially designed for customers under the age of 18, whereby the father or legal guardian can open the account through the “Mbank UAE” application.

The account aims, according to a statement issued by the bank, to develop children’s skills to manage money correctly and effectively, enhance a sense of independent financial responsibility, encourage savings and better understand investment principles, as it will enable young people to join the economic technology of digital payment by providing unnumbered and secure debit cards linked Palace accounts.

The Bank's Executive Vice President, Humaid Al Attar, said that the launch of the "Ayaluna" account comes from the bank's keenness to provide services that meet the needs of all segments of the Emirati society, noting that the account aims to teach children the correct financial habits from a young age, introduce them to modern financial practices and help them save and develop. Societal sense of their joining the banking system of the state.

He explained that the "Our Children" account is distinguished by the fact that it will enable the minor to obtain his own debit card to be used for purchases from shops, which will replace cash and accustom the young to a safe and secure payment method.

He added that the secure card will enable the customer to withdraw from ATMs and purchase online, pointing out that all purchases are made under the supervision of the father or legal guardian who can set daily and monthly spending limits, and can stop the work of the card in the event of loss or theft of the card directly. Through the “Mbank UAE” application and receive instant notifications about all spending transactions for their children.

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