Until a few years ago, adolescents had to be accompanied by their legal representatives in order to access a Savings bank. But that changed. Although it depends on the entity in question, those who are between 13 and 17 years old can carry out the ownership without the need to be authorized by an adult.
The account can be opened virtually or in person from a branch. the same will be in pesos and will not have costs of opening, maintenance or use of ATMs. It will also be associated with Debit that will allow the withdrawal of money, purchases in stores, transfers and payments through home banking, QR codes, among others.
In some banks, such as Banco Macro or BBVA Banco Francés, a long-term savings instrument is made available. In the options also appear: Banco de la Nación Argentina, Itaú, Supervielle, HSBC and Credicoop.
A spokesman for National Bank clarified that the management of deposits and transfers of up to a Minimum salary, vital and movil per month. Once the account is opened and activated, you can set up UVA or traditional fixed-term investments, if so desired.
The traditional fixed term offers an interest rate of 39% per year and the minimum term is 30 days. The UVA, on the other hand, is a unit with a determined value that is updated by the BCRA every day.
Once the selected term has ended, which must be a minimum of 90 days, the value of the updated investment is received according to the inflation of said period and the annual interest is added.
The minimum amount in the first option is $500, while in the second it is $1,500. In this way, both options allow savings to remain above inflation so as not to lose purchasing power.
Virtual wallets like Payment Market, Brubank and Ualá They were not far behind and expanded their customer base to include generation Z and encourage access through the use of electronic payments.
These types of prepaid cards allow you to load the balance in cash or by transfer, which will then be used for daily financial operations such as purchases in physical or online stores, cell phone recharges, payment for services such as Spotify or Netflix and navigation. on gaming platforms.
The Visa or the Mastercard, the 100% digital attention, the automatic registration of expenses and the possibility of managing everything from an application are some of the reasons why fintechs are chosen.
“In the country, of the total user portfolio, 9% is made up of people under 18 years of age”, reported from Ualá, and added that more than 10% corresponds to people who are under 14 years old.
As they added, this public values autonomy: “Before nobody focused on them because they were not considered profitable, but today we see great interest from the other side, more so when we give them the opportunity and necessary tools.”
In case this alternative is chosen, it will be necessary to download the application using the iOS or Android operating system. There you must create a profile with a username and password, and complete the personal data that is requested, such as the DNI and the permission of a guardian.
Once the registration is done, the request will be approved within the next few hours and the physical card will be sent to the address announced.
By last, Maria Victoria Minassian, Sr Manager of Mercado Pago, considered that “The possibility of incorporating easy and safe solutions helps people to know how to manage their income, achieve greater resilience to the ups and downs of the economy and access more feasible growth.”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
