UOB My Kids Savings Account

“Savings account to protect your beloved child”
This deposit comes under the coverage of the deposit protection scheme within limits set under the applicable statutes.


Features

  • Earn interest higher than regular savings account
  • Personal Accident Insurance 24 hours coverage around the world
  • Medical expense coverage of THB 10,000 per accident
  • Instant Claim at over 250 network hospitals across country

Privileges

  • The depositors shall be received a Personal Accident Insurance 24 hours coverage around the world, covering loss of life, dismemberment, permanent disability and medical expense caused by accident or unexpected external including murder and assault, accident while riding and/or being a passenge on motorcycle, accident while travelling on public transportation under condition and exclusion clauses of Or Bor 1

    Benefit and Coverage Conditions
    Sum Assured (THB)
    Age 0-20 years on accidental date
    Age >= 21 years on accidental date
    1.Death, dismemberment and permanent disability caused by accident

    50,000

    50,000

    2.Death, dismemberment, permanent disability caused by murder and assault

    50,000

    50,000

    3.Death, dismemberment, permanent disability caused by riding and/or being a passenger on motorcycle

    50,000

    50,000

    4.Death, dismemberment, permanent disability caused by travelling on public transportation

    100,000

    100,000

    5. Medical Expenses per accident

    10,000

    5,000

    Annual Fee

    399


    • The customer opens the account “By”, accident coverage shall be provided  only to the person named before the word “By” (Minor) and parents of minor shall be entitled to be beneficiary.
    • Coverage Exclusion: Not coverage minor who is travelling to or living in Narathiwat and Pattanee Province.
    • The personal accident insurance shall be covered once "UOB My Kids Savings" is opened and the annual fee is collected. Customer will receive personal insurance card.
    • The advance payment by depositors will be reimbursed within 15 days after the submission of completed set of required documents with Insurance company.
    • In case the bank could not collect the annual fee, the benefit and coverage of insurance shall be terminated.
    • For claim process: report the claim to AXA Insurance Public Company Limited with completed set of required documents. The claim process is within 15 days after the submission of completed set of required documents.
  • Terms, conditions and insurance coverage condition of UOB My Kids Savings Account begin 8 Sep 2015..>>

    List of network hospitals begin 8 Sep 2015..>>

    Claim form begin 8 Sep 2015..>>

  • The account does not allow for applying Debit cards of any types
  • The depositors will earn interest on a semi-annual basis (June and December)
  • The annual fee collection is subject to the bank announcement

Criteria

  • Minors of the age between 1 day and 15 years old on account opening date and must open an account under “By” account type only
  • One account per individual
  • Minimum initial deposit of 1,000 Baht
  • Once the account holder becomes sui juris (age of 20 years), he/she has the right to conduct transaction by himself/herself such as withdrawal, transfer and account closure. Account holder shall contact the account opening branch to change the signature (authenticated signature in conducting transactions under “UOB My Kids Savings” account)
  • In case the account holder is non sui juris, a person entitled to close the account shall be parents. If the parents pass away, a person entitled to close the account shall be a person who, by virtue of the court’s order, is the legal

Supporting documents

  • Parent (s) opening an account for minors of age below 15 years, following documents are required;
    • Copy of Child’s birth certificate or
    • Copy of Student Card and Copy of household registration certificate and
    • Copy of guardian ID Card

Fee

  • Annual Fee THB 399
  • THB 100 per month per account if there are no transactions for more than 1 year and the outstanding balance is less than THB 5,000.