Children`s Programs

CHILDREN'S PROGRAMS PJSC BANK "ARCADA"

Children are the most valuable gifts in our lives. Every parent dreams of  their child happiness and, never suffering from need.

Undoubtedly, and you are concerned about your child,  want them to have good education and, accordingly, a promising profession,as little financial issues as you had in your youth. Also you`re thinking that it would be nice to have an apartment, a car, adjust the welfare of a young family .., But all this requires  considerable amount of  money. Where  get them?

We offer you from the young age of your  kid gradually accumulate funds on the bank account.

How? It's easy - come to the bank and open an account for your child.

Any citizen of Ukraine may open a childs` account in the program "Housing to adulthood" or an account in the Children's Fund of the Banking Administration.

PROGRAM «HOUSING TO ADULTHOOD»

You have a great opportunity to ensure the future of a little citizen and to sign on his name an agreement for a bank deposit program "Housing to adulthood" (till reaching 16 years old).

For opening an account and signing an agreement you need:

  • Valid Ukrainian citizenship passport and a tax payer identification number(issued by State Register of physical entities taxpayers
  • Birth certificate of the child and a tax payer identification number (issued by State Register of physical entities taxpayers) – original documents. If the child is aged 14 you must present a passport of the child or a copy certified by a notary.

Anyone, not necessarily parents only , can contribute to an account. This allows grandparents to take care of their grandchildren whom they love so much. And the contribution to adulthood can be a beautiful birthday present!

Contributions are accepted in the national currency ,UAH, their size is not limited. You can replenish your account both in cash and through cashless transfers.

On the payments made, the bank accumulates interest on a monthly basis and accrues them for replenishment of the account.

Interest is accrued at the floating interest rate, which is calculated as the discount rate of the National Bank of Ukraine + 2%.

After reaching 18 years the child can personally receive funds from the account, or the contract will be extended for another 2 years.

It is possible to receive funds from the account before the age of 18 only by early termination of the contract by the legal representatives of the child (parents, adoptive parents, guardians or trustees) with the consent of the guardianship authority. In this case, the interest will be converted at the minimum interest rate according to the terms of the contract.

The Bank is a member of the Guarantee Fund for Individuals Deposits and received the Certificate No. 1!

From 01.08.2015 a fee for the certificate confirming the balance of funds on an account for a bank deposit program "Housing to adulthood" is 35 UAH.

 

CHILDREN'S FUND OF  BANKING ADMINISTRATION

Children's Fund for Banking Management (children's FBM) was created in accordance with the Law of Ukraine "On conducting an experiment in housing construction based on the holding company" Kyivmiskbud "dated April 20, 2000, №1674-ІІІ for the purpose of accumulation of funds on the accounts of the participants of the Children's FBM and their subsequent target use.

Account is opened for the name of a young child (up to 13 and a half years) on the basis of recognition by the payer of the Rules of the Children's FBM, which is a public offer. To open an account you must present:

  • Valid Ukrainian citizenship passport and a tax payer identification number(issued by State Register of physical entities taxpayers
  • Birth certificate of the child and a tax payer identification number (issued by State Register of physical entities taxpayers) – original documents.

There is no limit to the amount of both the first and subsequent contributions. The frequency of replenishment of an account each client determines independently.

This account has a specific purpose and allows your child to take advantage of the accumulated amount from the age of 14 - to pay tuition, and from the age of 18 - both for studying and for the purchase or rental of housing, or for investment in its construction. Target payments are made only  cashless.

It is possible to withdraw funds from the account of the participant of the child's FBM  cash only with the pre-term termination of the trust management agreement on conditions defined by the Rules of the child's FBM.

Contributions are accepted in the national currency, their size is not limited. You can replenish your account both in cash and in cashless transactions.

Funds from Children's FBM are directed solely at the purchase of mortgage securities, the reliability of which is secured by long-term loans secured by mortgages. The income distributed by the mortgage securities is distributed by the Bank among the participants of the children's FBM.

The Bank has developed an effective and transparent system for managing the funds of the children's FBM participants and their protection against impairment, losses and other risks.

 

From 01.08.2015 a fee for the certificate that is not listed in the FBM conditions, is 35 UAH.

 

We are sure that with our help your child will have plenty of possibilities to start his grown up life properly.