Mtoto Account
This account is opened on behalf of a child. This is a saving account designed to enable parents and guardians to save for their children within the age group of 0-18 years for school fees, medical treatment.
Features:
- Opening balance of 10,000/=
- No withdrawal fee
- No monthly ledger fee
- Free ATM bank card
- Withdrawals are restricted to 4 times per annum
- Opened in the names of the minors’ but operated by the registered parent/guardian
Benefits:
- Deposit can be made via alternative channels conveniently MHB wakala, MHB Mobile, and all our Branches
- No monthly maintenance
- It builds and shape the sense or motive of saving culture to the child
- Customer money are safe secured