Child Trust Fund Account

Secure Savings for a Brighter Future

Who Is This Account For?

The Child Trust Fund Account is designed for parents, guardians, and grandparents who want to build a secure financial foundation for a child’s future needs.

This account:

  • Encourages early financial planning and consistent savings habits
  • Provides a long-term savings solution to support future goals
  • Restricts withdrawals during the first 4 years, with full access available when the child reaches 18 years or older
  • Helps build funds that can support education, future investments, or important life opportunities

Choose a savings plan that aligns with your financial goals and helps secure a child’s future:

  • Regular Plan – Monthly contribution of 1,935 XOF
  • Super Plan – Monthly contribution of 3,870 XOF
  • Family Plan – Monthly contribution of 11,600 XOF

To open a Child Trust Fund Account, applicants are required to provide:

  • Two passport-sized photographs for both the parent/guardian and the child
  • Child’s birth certificate or clinic card
  • Valid residence permit for the parent or guardian, where applicable
  • Completed Know Your Customer (KYC) form
  • Valid identification document belonging to the parent or guardian (National ID or Passport)
  • Initial deposit based on the selected account type:
    • Regular Plan: 1,935 XOF
    • Super Plan: 3,870 XOF
    • Family Plan: 11,600 XOF
  • Parent/Guardian as Trustee – The parent or guardian manages the account until the child becomes eligible to access the funds
  • Long-Term Growth – Regular contributions can continue until the child reaches 18 years of age
  • Withdrawal Option After 4 Years – Interest earned may be withdrawn after 4 years, while the principal remains preserved to support long-term savings growth
  • Flexible Withdrawals – No penalties apply based on the number of withdrawals made each month
  • Free School Fee Bank Drafts – Bank drafts issued for school fee payments are provided at no charge