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Savings banks for teenagers: BCRA increased the limits for accreditations, how much do they reach?

Savings banks for teenagers: BCRA increased the limits for accreditations, how much do they reach?
February 23, 2024 – 15:49

The financial regulator increased the limits allowed for crediting into accounts for teenagers.

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This Wednesday the Central Bank (BCRA) updated the limit allowed for accreditations, both through electronic channels and in cash, for savings accounts for adolescents, which are intended for young people between 13 and 17 years old. took him to equivalent to three Minimum Living and Mobile Wages (SMNV)when until now it was one.

How is the transfer limit?

It is worth remembering that, through the Official Government Gazette made official a salary adjustment through Resolution 4/2024 and applies to all monthly workers who complete the full legal working day included in the Employment Contract Regime by Law 20,744 and its amendments, in the Agrarian Work Regime, of the National Public Administration and all entities and organizations of the National State that act as employers.

Until now, the Minimum Wage was $156,000 and went to $180,000 for February and $202,800 in Marchso this month’s increase is 15%, and In the next it will climb to 30%.

Thus, the new limit for transfers made to accounts for adolescents will go from $156,000 to $540,000 (three minimum salaries) in February, as established by the BCRA, and to $608,400 for March.

Accounts for teenagers: what they are

The BCRA measure was ordered through the Communication “A” 7970 , which was published this Thursday, after the board meeting of the monetary regulator. It is worth remembering that These accounts allow teens to access a debit cardwhich the same bank offers for free.

You can pay for purchases, withdraw ATM moneyaccess homebanking, make fixed terms, among other activities.

Likewise, once you reach the age of 18, this account can continue to be used as a personal account or as free labor.

Source: Ambito

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