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Customer Support FAQ
Tesorito Youth Savings Account
Who can apply for a Tesorito Youth Savings Account?
The mother, father or a legal representative of the child(ren) can apply for a Tesorito Youth Savings Account for children between 0 and 18 years.
How do I apply for a Tesorito Youth Savings Account?
The mother, father or a legal representative of the child(ren) must bring the following documents in order to open the account:
- Mother/Father: Marriage Certificate (if married)/ family book ( if not married)
- Legal representative: Legal custody document
- Valid ID ( ID card, driver’s license or Passport)
- A proof of your current address (for example: copy of phone or utility bill)
What will happen when my children reach the age of 18?
When the children reach the age of 18, the Tesorito Youth Savings Account will be closed and the total balance will be deposited on a new regular savings account with a different account number.
Can I apply for more than one Tesorito Youth Savings Account for the same child?
No. A child can only have a maximum of one Tesorito Youth Savings Account.
What is the minimum deposit amount to open the account?
In order to open a Tesorito Youth Savings Account, the legal representative must deposit a minimum of ANG. 25,-.
What is the maximum monthly deposit limit?
There is a monthly deposit limit of ANG. 1000,-.
Is my child eligible for a bonus on the Tesorito Youth Savings Account?
In case the minimum amount of ANG. 25, - is deposited continuously for the term of 36 months, the child(ren) will be eligible for a bonus of 1% of the total balance at that time, with a maximum of ANG. 500,-.
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