Central Park, November 1, 2024
MIB is excited to announce the launch of its new "Bingaa" Kids Accounts, unveiled during a lively event at Central Park. This innovative bundle is specifically designed to introduce children to the world of finance and empower them with essential money management skills.
The "Bingaa" package includes three accounts: Bingaa TRX, Bingaa Save and Bingaa Investment. The Bingaa TRX account allows young users to access internet banking, teaching them how to navigate their finances in a digital age. Starting at age 7, children can also obtain a cash card, providing them with practical experience in managing their spending.
In a significant enhancement, the "Bingaa" accounts will feature a perpetual account number, ensuring that children do not have to change their account number when they turn 18. This feature fosters continuity and helps maintain a seamless banking experience as they transition into adulthood.
“Our goal with the Bingaa accounts is to increase financial literacy among kids,” said Mr. Hussain Alim Shakoor, the Chief Retail Banking Officer of MIB. “By teaching children to save and invest from an early age, we hope to instill lifelong financial habits that will serve them well in the future.”
MIB invites families to explore the "Bingaa" accounts and join the movement toward smarter financial futures for the next generation.
