Minor Account
ABA Minor Account is the starting point to save for your child’s future. It is a joint savings account that keeps your funds safe and growing with an interest rate of up to 0.75% p.a. in USD or up to 1.50% p.a. in KHR.
If you are not an ABA customer yet, you can open an ABA Minor Account together with your child at any of our branches.
To make the Minor Account opening even easier, we enabled Junior Account in the ABA Mobile app. A parent can create a joint account right in the app, after which their child can download ABA Mobile on their smartphone and get access to the account created by the parent.
Conditions
| Eligibility | New or Existing customer and minor below 18 years old | ||
| Requirements |
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| Opening channel | ABA Branch | ||
| Account access channels |
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| Currency | USD / KHR | ||
| Minimum opening balance | USD 0.00 / KHR 0.00 | ||
| Minimum ongoing balance | USD 0.00 / KHR 0.00 | ||
| Account facilities |
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| Deposit Conditions2 | Unlimited deposit replenishments in cash or non-cash forms are allowed at any time and in any amount | ||
| Withdrawal Conditions3 | Unlimited withdrawal from over the counter by the parent/legal guardian only | ||
| Early closure | Free | ||
| Abandonment Fee4 | Apply to CIFs inactive for a consecutive period of 4 years and longer | ||
| Channel to close the account | ABA Branch | ||
| Service fees | Type of Service | Fee | |
| Monthly account service | Free of charge | ||
| Mobile Banking | Free of charge | ||
| Passbook | USD 5 per book per request or per re-issue | ||
| Dormant fee | Free | ||
| Balance/Account Confirmation5 | USD 10 or KHR 40,000 per piece | ||
| Card | No issuance fee. See our website for annual fees | ||
| Account Statement | USD 2 per request per account | ||
| Standing Instruction6 | USD 2 per successful transaction | ||
| Tax Status | 4% for residents | ||
Terms and Conditions are subject to change at ABA Bank’s sole discretion without prior notice to customers.
1 Applicable for a guardian, or a Cambodian minor who becomes 15 years old and above as of the ABA Mobile subscription date, or a foreign minor who becomes 18 years old and above as of the subscription date.
2 Fee charge for OTC Cash Deposit and Withdrawal at the Inter-Regional Branches
| Transaction Types | Cash withdrawal/Deposit Transaction | Non-Cash Transaction |
| The same regional branch | Free of charge | Free of charge |
| Different regional branch | Free of charge | Free of charge |
3 Customer needs to notify the bank at least 1 day if the withdrawal amount > USD 100,000.
System will automatically charge USD 10.00 if account is not operative for 12 months or more.
4 Abandonment Fee
Note: Inactive CIF(s) means a CIF did not have any transaction on any of his/her account(s) during this period.
| Abandonment | Fee(per customer) |
| Year 1 | USD 0.00 / KHR 0.00 |
| Year 2 | USD 0.00 / KHR 0.00 |
| Year 3 | USD 0.00 / KHR 0.00 |
| Year 4 | USD 50.00 / KHR 200,000 |
| Year 5 and up | USD 100.00 / KHR 400,000 |
5 Any account holder or authorized signatory may request balance and account confirmation by default. Authorized agents may also do so if granted permission by the account holder or signatory. If agent has not been appointed, one must be designated in accordance with the agent appointment procedure.
6 Transfer from one to another ABA account i.e. daily, weekly monthly, quarterly, semi-yearly, yearly.
General Terms and Conditions, General Terms and Conditions for Online Services, and ABA Mobile Terms and Conditions apply. You need Adobe Reader to view these PDF files.
