The Central Bank updated the permitted accreditation limit for savings banks young people between 13 and 17 years old. The new maximum for transfers to teen accounts will increase from $156,000 to $540,000 in February and $608,400 in March. This amount is equivalent to the sum of three minimum, vital and mobile salaries.
This week, the national government ordered an increase in the minimum wage, which went from $156,000 to $180,000 in February and $202,800 in March.
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Before the modification, the limit on transfers to adolescent accounts It was the equivalent of a Living and Mobile Minimum Wage.
What is a savings account for teenagers?
Is a bank account in pesos for young people between 13 and 17 years old, which can be opened for free in banks without the authorization of a person of legal age (mother, father or responsible adult).
The savings account allows you to have access to a debit card, which the bank grants free of charge. With the card you can pay for purchases and withdraw money from ATMs.
With the account you also have access access to home banking to make transfers, charge your cell phone, SUBE and make fixed installments to save.
How to open a savings account for teenagers
You can open the savings account from internet, with a computer, tablet or cell phone, by entering the bank’s page. It is also possible to do it in person at the branch.
What happens when you turn 18
When you turn 18, you can continue using as a personal or work account for free.
LM / Give