Logo of Phnom Penh Post newspaper Phnom Penh Post - ABA introduces Junior Account to bring modern banking to children

ABA introduces Junior Account to bring modern banking to children

Content image - Phnom Penh Post

ABA introduces Junior Account to bring modern banking to children

ABA Bank, the leading Cambodian bank in digital finances, introduced ABA Junior Account to provide children10-17years of age with access to modern banking and cashless facilities through their own ABA Mobile app.

Upon successful account opening, children can use ABA's popular services by themselves while still being under parental guidance and within certain limits.

Junior account holders will be able to check their balance in real-time, make local transfers and payments, including KHQR payments, and save money by themselves. Parents can control their child's spending via their ABA Mobile, send cash to Junior Account, and will receive a notification when their child uses ABA Mobile for a transfer or payment.

Junior Account encourages children to build healthy financial habits early and understand the importance of saving for the future.It comes as an enhanced version of the traditional Minor Account the Bank has been providing through its branches only.

To open ABA Junior Account, a parent needs to:

• Launch ABA Mobile and tap New Account;

• Select Junior Account,fill in the information of the child, and choose the account currency;

• Enter the child's phone number and finalize the process by entering the security code received on the child's phone via SMS.

"We believe Junior Account will boost children's financial literacy and enable them to experience how money works in a present-day lifestyle while parents can learn and monitor their children's money habits. Unlike regular savings accounts, Junior Account will not just encourage your child to save but also allow them to manage finances their own way via ABA Mobile", comments Zhiger Atchabarov, Chief Operating Officer at ABA Bank.

"We encourage all parents to open ABA Junior Account for their children as it is a smart financial tool that improves money habits of not only the child but the whole family,"he added.

Visit our Junior Account webpage for more information or call our toll-free number 1 800 203 203 (inside Cambodia).

To learn more about the ABA Mobile app, visit our ABA Mobile page.

MOST VIEWED

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports