Cal Teens Account

This account is designed to nurture the banking habit of teenagers to be financially responsible. It has no service charges but a host of added benefits. The account automatically migrates from Teen’s account to a preferred account when customer turns 18 years.

  • Monthly Withdrawal: Eight times in a month.
  • Easy access to funds by the teenager with a unique ATM Card.
  • Trustees can withdraw with Cal savings withdrawal forms as well.
  • Trustees can change the monthly withdrawal limit when desired.
  • Competitive and tiered interest is paid based on account balance.
  • Access to loan to pay the school fees of the teenager (terms & conditions apply).
  • Trustees can access Life Insurance policy to secure the savings in case of death, temporary or permanent disability. (Optional).

Children from age of 13years.

  • Initial deposit is GH¢20.00
  • Minimum Account Balance: is GH¢ 50.00.
  • Two copies of Passport pictures
  • Free E-statements, CalNet and E-Alerts on the account.
  • A unique ATM card.
  • Access to Cal Mobile Payment Platforms.
  • Ability to track savings online via Cal Mobile Payment Platforms.
  • Special Visa ATM cards offer trustees a unique opportunity to regulate teenagers’ expenses.
  • Convenient access to account via all electronic banking channels.