facebookHi! I am 25 turning 26 this year. Does anyone know if i can open the SCB jumpstart account first and not put any monies inside, just to capitalise on the age limitation? - Seedly

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Anonymous

20 Mar 2020

Saving Hacks

Hi! I am 25 turning 26 this year. Does anyone know if i can open the SCB jumpstart account first and not put any monies inside, just to capitalise on the age limitation?

Is there a minimum sum needed when opening the SCB Jumpstart account? Is it possible to open the account without putting any money inside?

Discussion (6)

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Gabriel

20 Mar 2020

Undergraduate at National University of Singapore

Hey Anon, yea you should seize the opportunity and open the account since the interest of 2% p.a is said to continue even after your pass the age of 26. Besides, there's no minimum balance, deposit or other fees. Just ensure to there's some form of transactional activity since most banks will automatically close your account if it's inactive for 6 months.

Rais M

08 Mar 2020

Accountant at SME

Yes you can open to capitalise on the age limit. However, even though there is no minimum deposit required and no fall-below fee, I would suggest to park at least some money into the account to prevent any situations where the bank would want to close your account due to zero balance after x number of months.

Andy Sim

08 Mar 2020

HR Professional at a Financial Institution

Yep you can, there's no min balance required for any fall below fee. So open it while you still can ...

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