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Transform today’s dreams to tomorrow’s wins with our Minor Account
Plan for a future filled with wins for your little one with a saving account that encourages early savings and future planning.
Feature & Benefits
Zero minimum balance charges
Free Debit Card for children aged 7 years and above
Free Cash Deposit Card for children below 7 years
Available for all customers of age below 18 years.
Free cash withdrawal from any bank ATM in Oman for children aged 7 years and above.
Accounts can be maintained in OMR, AED, GBP, Euro and USD
Free standing instructions to deduct a specific amount from the parent/guardian account on a monthly basis in favor of the child's account.
Minor Smart account with the below features:
- High & competitive profit rates calculated on daily basis and credited on monthly basis.
- No Minimum deposit required.
- No fee is paid upon withdrawal.
- Deposit slab-based profit rates.
Terms & Conditions
- Accounts maintained for Minors shall be operated by a parent or legally appointed guardian until the Minor attains the age of 18.
- Once the minor turns 18 (“Legal Age”), the account will automatically be upgraded, and the Minor will be treated and considered as customer and can update their personal details.
- Payments online are not allowed.
- Debit Card with a daily ATM cash withdrawal limit or POS usage limit of RO 50 per transaction and total transaction amount not exceeding RO 200 per month.
- The bank reserves the right to amend profit rates for the profit-bearing savings account without any prior notice to the customers.
- Please refer to the comprehensive Terms and Conditions of Account opening through Sohar Islamic website si-55-terms-conditions.pdf .
- For other fees and costs related to this product, please see the bank's fee card.
Frequently Ask Questions
Minor Account is a Saving account that encourages a culture of savings at an early age and helps parents/guardians properly plan for their children's future.
Accounts maintained for Minors shall be opened and operated by a parent or guardian until the Minor attains the age of 18.
She can if there is an authorization letter from the father.
• All children; Omani and expatriate
• Age below 18 years
• Zero minimum balance charges
• Free Debit Card for children aged 7 years and above
• Free Cash Deposit Card for children below 7 years
• Available for all customers of age below 18 years.
• Free cash withdrawal from any bank ATM in Oman for children aged 7 years and above.
• Accounts can be maintained in OMR, AED, GBP, Euro and USD.
• Free standing instructions to deduct a specific amount from the parent/guardian account on a monthly basis in favor of the child's account.
• Payments online are not allowed.
• Minor Smart account with the below features:
o High & competitive profit rates calculated on daily basis and credited on monthly basis
o No Minimum deposit required
o No fee is paid upon withdrawal
It is a savings account in which the customer receives profit paid monthly based on the daily available balance in the account.
Yes, they will have access to view their Minor account on through branches or mobile banking.
Once your child reaches 18 years of age, the account will be freeze automatically and the adult customer to visit the branch to re-activate the account.
You can visit your nearest branch, with the required documents mentioned below:
• Parent's / guardian's ID (for all Omani nationals) OR Parent's / guardian's ID and passport (for expatriates)
• Child's passport or ID Card or child's birth certificate
• Authorization letter from the father (if the mother opens the account)