1. The following terms and conditions shall apply to Youth banking Account in addition to the general terms and conditions applicable to accounts held with National Bank of Oman.
- Youth Banking Account is offered to all Omani and expatriate individuals between the age of 13 and 17 years.
- It is a non-interest-bearing account.
2. Youth banking Account can be opened with no minimum initial deposit.
3. The account can be maintained in Omani Rials, UAE Dirhams or US Dollars (normal exchange and handling charges will apply where an account holder requests the Bank to repay a deposit in a currency other than that in which the account has been maintained).
4. No minimum balance charges will apply.
5. Debit Card and free access to all e-Banking services available.
6. All eligible Youth banking Account holders will be offered a Debit Card, with no annual charges for the first year.
7. The Bank reserves the right to offset any balances in any of the customers' accounts against any liabilities of the customers to the Bank whether such liabilities are contingent, primary, collateral, joint or several.
8. The Bank shall be entitled to make amendments to these conditions as it may deem appropriate by giving 30 days' prior notice. Such amendments shall be binding on all account holders whether notice thereof is given individually or by way of general notices in the Bank's branches or the Bank's advertisements.
9. Youth banking Account will be automatically rendered inactive once the account holder reaches the age of 18 years. The customer must visit the branch to convert the account to the Youth Savings Account.
