Student Savings Account

This is a type of account that is meant for children below 18 years of age. It is an interest-bearing account that pays a variable percentage rate of interest on balances of D3,000.00 and above. The minimum opening balance is D300.00

 

However, there are limits to a number of withdrawals to encourage parents and guardians to save more for the child’s educational expenses.

Benefits

  • Saving Passbook.

  • Interest is calculated monthly and paid half yearly (June and December).

  • Serves as a long term investment for children

  • SMS Banking

  • Online Banking

  • Trust Alert

Requirements

To open an account please bring along the following:

  • One (1) recent passport size photograph.

  • Copy of valid photo I.D (Biometric ID. Card / current Passport / Biometric Driver’s license).

  • Reference letter from TBL Customer / Employer.

  • Copy of proof of address (Utility bill from Nawec / Gamtel, statement from village Chief / Alkalo (etc.).

  • Copy of trust deed. (Where applicable)

  • Valid ID of each trustee.

  • Residence / Work permit for foreigner working in The Gambia.

  • Letters of Probate / Administration. (Where applicable)

  • Copy of TIN. Certificate.

Note:-

  • Original Documents must be sighted
  • An ID card, passport or birth certificate.
  • A Trustee is required if student is below 18yrs.