AB Bank Student Account 2024: Fee, Opening Process, Validity & Transaction Limit

There are generally two types of AB Bank Student Account: Major and Minor. Major accounts are for individuals 18 years of age or older, while those under 18 can open AB Bank Minor Accounts.

AB Bank offers various benefits with its Student Accounts.

Today’s presentation covers all the information about AB Bank, including the benefits of the student account, the account’s duration, transaction limits, and the rules for opening a student account.

AB Bank Account For Students

AB Bank, short for Arab Bangladesh Bank, is the first private limited bank in Bangladesh. AB Bank provides banking services tailored for students.

AB Bank Student Account

AB Bank offers two primary types of student accounts to cater to different age groups:

  • Major Account: If you’re 18 years or older, you can open and manage a Major Account independently.
  • Minor Account: If you’re under 18 years of age, you can open a Minor Account, but it should be managed by your guardian until you reach 18.

Facilities of AB Bank Student Account

AB Bank offers several enticing benefits for its student accounts:

বাংলায় পড়ুন

  • AB Bank student account management is completely free.
  • You receive a checkbook and a free debit card after opening your account.
  • Access to AB Bank’s free SMS service, allowing you to check your account information via SMS.
  • Free transactions from your AB Bank Student Account to Bkash or Cash Account.
  • The flexibility to recharge your mobile phone from your account anytime, anywhere.

Documents Required for Opening an AB Bank Student Account

The documents required for opening an AB Bank student account may vary between Major and Minor Accounts. Here are the necessary documents for each:

Documents Required For AB Major Account

  • Two copies of passport-sized photographs
  • Photocopy of your National Identity Card
  • Photocopy of your student ID card from the educational institution you attend
  • Attested Letter of Attestation issued by the Institution’s Principal (if no Student ID Card is available)
  • One copy of the nominee’s passport-sized photograph and a photocopy of their national identity card
  • A mobile number

Documents Required For AB Minor Account

  • Two copies of passport-sized photographs
  • Student ID card from your educational institution or an attested copy by the principal
  • Photocopy of your birth registration certificate
  • One copy of the nominee’s passport-sized photograph and a photocopy of their national identity card
  • A mobile number

Read Also – Islami Bank Student Account

AB Student Account Opening Rules

To open an AB Bank student account, you typically need to visit a branch nearest to your location. Follow these steps to open your account:

  • Gather all the necessary documents mentioned above for the specific type of account you wish to open.
  • Visit your nearest AB Bank branch and inform them about your intention to open an AB Bank account.
  • They will provide you with an account opening form, which you should fill out accurately.
  • Submit the completed form along with the required documents. There may be an initial deposit fee.

Be patient while waiting for your AB Bank account to be activated. AB Bank may send a confirmation letter to your mobile number or address, so ensure your contact details are clear.

Once your AB Bank account is activated, you will receive a dual-currency Visa Debit Card. This card allows you to make purchases both within the country and abroad.

AB Bank Student Account Opening Fee

The opening fee for an AB Bank account may vary depending on whether it’s a Major or Minor Account.

Major Account opening fees typically range from Tk 500 to Tk 1000, while Minor Account may require an initial deposit of Tk 100 to Tk 500.

AB Bank Student Account Validity

AB Bank student accounts usually have a tenure of up to 25 years. When you reach the age of 25, your student account may be disabled.

It’s advisable to transfer the funds in your account to another account before turning 25, as you won’t be able to use this account thereafter.

AB Bank Student Account Transaction Limits

The transaction limit for an AB Bank student account depends on your profession, and this limit will be determined when you open the account. Please inquire about your specific transaction limit at your branch.

AB Bank Account Helpline Number

If you encounter any issues related to AB Bank, you can seek assistance by calling the helpline number. This can be especially helpful when you need urgent support.

The AB Bank helpline number is 16207.

For any further information about AB Bank, you can visit the AB Bank Limited website.

AB Bank Student Account – FAQs

Here are some frequently asked questions and answers about AB Bank Student Account for additional information.

Can I open an AB Bank student account if I am over 18 but still studying?

Ans: Yes, you can open a Major Account with AB Bank if you are over 18 and still studying.

Is there a minimum balance requirement for AB Bank student accounts?

Ans: There may be an initial deposit requirement, which can vary based on whether it’s a Major or Minor Account. It’s best to check with your local AB Bank branch for specific details.

Can I convert my Minor Account to a Major Account once I turn 18?

Ans: Yes, once you reach 18 years of age, you can convert your Minor Account into a Major Account and manage it independently.

How can I check my AB Bank student account balance?

Ans: You can check your account balance through AB Bank’s free SMS service, which allows you to receive account information via SMS. You can also visit an AB Bank branch or use online banking services if available.

What are the fees for ATM withdrawals from an AB Bank student account?

Ans: ATM withdrawal fees can vary, and it’s advisable to check with AB Bank for the most up-to-date information on fees associated with ATM transactions.

Can I use my AB Bank Visa Debit Card internationally?

Ans: Yes, you can use your AB Bank Visa Debit Card for both domestic and international transactions. It’s important to inform the bank of your travel plans to prevent any issues with international card usage.

How do I transfer funds from my AB Bank student account to another bank account?

Ans: The process for transferring funds to another bank account can vary.

You can typically do this through online banking or by visiting an AB Bank branch. The specific steps and fees, if any, will depend on AB Bank’s policies.

Final Words

AB Bank offers convenient and flexible student accounts designed to meet the financial needs of both minors and adults pursuing their education.

Whether you’re looking for a way to manage your finances independently or need a trusted account managed by a guardian, AB Bank has options to suit your requirements.

If you have any more questions or need additional information about AB Bank student accounts, please feel free to ask in the comments section. Our team will strive to provide timely responses.

AB Bank Student Account 2024: Fee, Opening Process, Validity & Transaction Limit

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