"Sumu" Saving Account for Kids

Arabi Islami offers a special saving’s account to the future generation so they learn at an early age the importance of saving money. Enjoy the amazing features of the account and achieve your financial goals.

Features:

• Open an account at any starting balance
• Special gift at account opening
• Smart-Band for payments and deposits
• More amazing features
   

Discounts program:

Open a new account and get free Golden membership in the Sweet Treat Card App.* to enjoy discounts and special offers through hundreds of stores, restaurants, and more 

*This app is available at App Store and Google Play store. 

Get the App now

Account opening:

• Visit any of our branches accompanied with your father or guardian, bring the required documents (Birth Certificate, Family Book, and Father’s or guardian’s ID*), and fill Account opening form.

*additional documents may be required  

*For US citizens and Green- cardholders additional documents and signing additional forms will be requested.

We learn:

Q: What is the saving account?

A: A service from the bank to keep and increase your money

Q: How can I get a saving account?

A: your father or guardian will open your saving account

Q: How can I keep my money in the bank?

A: You can deposit your money through the ATM or in any of our branches

Q: Can my savings grow (increase) alone?

A: to grow (increase) your money, you should keep adding money to your bank account, however the bank will calculate profits as your balance in monthly bases, then credit to your account the whole profit semi-annually.

Q: How can the bank identify my account from others accounts?

A: you will get a unique account number dedicated for you

Q: What is the Smart-band?

A: A wristband used to buy, withdraw, and deposit money from your account

Good to know

• Savings is any surplus from your pocket money
• Decide how much to save before you spend, this is the best way for saving money.
• If you take a piaster now and double the amount every day for the next 28 days it will be turned to more than 1 million, for sure this is highly unlikely, but the principle of compounding holds true for even smaller returns
• Before you buy anything ask yourself “do I really need that?”, then you will notice a huge increase in your savings
• Remember this quote “ If you buy things you do not need, soon you will have to sell things you need”