250,000 children and young people under 18 have an account with Banca Transilvania

250,000 children and young people up to the age of 18 have an account with Banca Transilvania. More than 95% of them have recurring entries in the account - allowances, scholarships and money from family. Those over 14, who may also have a card, prefer card payments at retailers and online shopping.

For 50,000 children and young people, parents have chosen to save through KidCONT.

KidCONT details:

• KidCONT can be opened in lei or euro on behalf of children up to 17 years of age for a period of 1 - 18 years, depending on the age of the child.
• The minimum amount for setting up a savings account is 500 lei/100 euros and the maximum amount is 450,000 lei/100,000 euros.
• It is a flexible product because it allows withdrawals without affecting the interest, which is calculated daily and received annually on the anniversary of KidCONT.
• Customers who deposit at least 500 lei/120 euro in KidCONT throughout the year and have not withdrawn money from the account receive the 13th interest - bonus equal to the monthly interest.
• KidCONT can be opened and powered online via NeoBT or in/through bank branches.

Figures from Banca Transilvania show that parents take the first step towards saving for their children after they start school.