UBL First Minor Savings Account

UBL First is a savings account opened on behalf of a child in the name of the father or mother or a court-appointed guardian and the minor.

UBL First is designed especially for children and aims at becoming every child's first bank account, helping inculcate a savings habit. It is tailored to meet a child's future financial needs in a planned and convenient manner.

Special features:

Every account holder is entitled to a welcome pack
Two ATM Debit Cards are provided; one is a specially designed UBL First Pocket-Money Card (complimentary) for the withdrawal of profit from the linked account. The other is a standard ATM Debit Card (optional) – this allows you to withdraw money from the principal account
Account opening, birthday and account anniversary surprises
Free E-statements
The account holder is entitled to value added services that include Internet Banking facilities
No minimum balance penalty levied on the account

Rules of the Account

UBL First Account can be opened for any child aged between one day and 18 years
UBL First Account can be opened with a minimum amount of PKR 100/-. There is no limit on the maximum amount of investment
The cheque book (for the principal account) and the Pocket-Money Card will be issued jointly in the name of the minor and the father/mother/ guardian
The UBL First Pocket-Money Card can be used to access the monthly profit in cash from any ATM machine or be used for shopping at retail outlets.
The facility of online use of Debit Cards will be available once registration procedures have been duly completed
Profit is calculated on monthly average balance
Detailed Terms & Conditions can be viewed in the account opening form

Apply for UBL First Minor Account