ABA Junior Account is an extension of ABA Minor Account that encourages juniors between the age of 10 and 17 to learn the basics of managing money and building healthy saving habits.
This joint bank account provides juniors with the opportunity to access their own ABA Mobile app while under parental guidance. Junior accountholders can check their account balance, make local transfers and payments, and set aside savings by themselves.
While parents have full control over Junior Account and can set daily transaction limits or check the account balance in real-time, juniors will gradually learn about financial responsibilities while enjoying modern banking facilities from ABA Bank.
Why ABA Junior Account?
- Grant your child access to banking services with the ABA Mobile app
- Provide cash to your child digitally in any amount they can handle and track their spending
- Your child starts learning how the money works in a modern way — make transfers/payments and set aside for saving toward their financial goals
- Your child will love watching their money grow over time with interest returns
To open ABA Junior Account for your child,
- Application will require to submit your child’s birth certificate and / or other documents which the Bank can use to identify the relationship between the parent and the junior;
- Your child needs to be between 10-17 years old;
- Your child needs to have a smartphone with an active local phone number.
How to open Junior Account as parent
How to activate ABA Mobile on the child’s smartphone
Once your application for Junior Account is approved, you can activate ABA Mobile for your child with the following steps;
Interest rate (p.a.) in USD
|Daily Balance||Interest Rate|
|USD ≤ 1,000||0.00%|
|USD ≤ 10,000||0.10%|
|USD ≤ 25,000||0.15%|
|USD ≤ 50,000||0.20%|
|USD ≤ 100,000||0.30%|
|USD ≤ 500,000||0.45%|
|USD > 500,000||0.70%|
Interest rate (p.a.) in KHR
|Daily Balance||Interest Rate|
|KHR ≤ 20,000,000||1.00%|
|KHR ≤ 100,000,000||1.25%|
|KHR > 100,000,000||1.50%|
|Eligibility||Existing customer using a standard account and junior of 10-17 years old|
|Opening channel||ABA Mobile only|
|Account access channels|
|Currency||USD / KHR|
|Interest payment||Monthly or upon account closure|
|Minimum opening balance||USD 0.00 / KHR 0.00|
|Minimum ongoing balance||USD 0.00 / KHR 0.00|
|Default account limit||Deposit||Withdrawal|
|Maximum single transaction limit||Unlimited||USD 100.00 / KHR 400,000.00|
|Maximum daily limit||Unlimited||USD 100.00 / KHR 400,000.00|
|Maximum monthly limit (calendar month)||Unlimited||USD 1,000.00 / KHR 4,000,000.00|
|Early closure||USD 20 / KHR 80,000 applied for closing the account within 3 months from the opening date|
|Channel to close the account||ABA branch|
|Eligible number of accounts||Only one Junior Account per child (either in USD or KHR; selected by parent during the opening of Junior Account)|
|Service fees||Type of Service||Fee|
|Monthly account service||Free of charge|
|Mobile Banking||Free of charge|
|Dormant fee4||USD 10.00|
|Certify Account balance||Not applicable|
|Card||No issuance fee. See our website for annual fees|
|Available services for junior in ABA Mobile5|
|Restricted services for junior|
|Available services for parent||ABA Mobile (Own Account Transfer)|
|Parent’s rights to manage Junior Account|
|Tax Status||4% for residents|
Terms and Conditions are subject to change at ABA Bank’s sole discretion without prior notice to customers.
1 Junior account can only be opened by the parent for their own children only.
2 You must submit a document in Khmer or English language clearly showing the relationship between you and your child, for example, a birth certificate.
3 Please take a live photo of your child instead of uploading it from a gallery/library.
4 System will automatically charge USD 10.00 / KHR 40,000 if account is not operative for 12 months or more.
5 Parent can set account limits for the junior using their ABA Mobile app.
6 Using the E-cash service is subject to fees. Please refer to the E-Cash service’s Terms and Conditions.
Contact us instantly without leaving the ABA Mobile app by tapping the Contact Us button on the app’s main screen. Additionally, you can chat with us via Facebook Messenger, on our website or call us 24/7 hotline at 098 203 203.
On Child’s new phone:
- Download ABA Mobile app
- Launch ABA Mobile app
- Select the language and accept the term and conditions
- Tap button Activate with ABA Account
- Enter the child’s phone number
- Enter account number
- Enter existing 4-digit PIN