Personal Accounts Minor Savings Account
Back to Accounts

Minor Savings Account

Empower children to save smartly, help them to manage their finances early and give them an opportunity to win big cash prizes. Open an account now.

Minor Savings and Misk Account Arrow Right

Apply Now
Money illustration representing finance or payments.

Quarterly profit payout

Payment card surrounded by icons representing shopping, travel, and digital services.

Managed and supervised by parents

Money illustration representing finance or payments.

Eligible to enter Misk prize draws

Account details

  • Express onboarding: Open a Minor Savings Account with a zero balance instantly with the QIB Mobile App.
  • Digital banking: Access your account anytime via mobile, internet, and phone banking – at no additional cost.
  • Profit payout: Watch your savings grow with competitive quarterly profits, paid directly to your account based on your average daily balance.
  • Complimentary Debit Card: Enjoy the freedom to shop, pay, and withdraw cash anywhere with your free QIB Debit Card.
  • Track your child’s expenses: Access your child’s expense in detail with e-statements and SMS directly delivered to registered email and phone number.
Misk Account:
  • Save to win: Every saving in multiples of QAR 10,000 gives you a chance to enter one of Qatar’s largest prize draws held every two months, monthly, and weekly.
  • Flexible savings: Enjoy complete freedom to deposit and withdraw funds in times of need.
  • Grand prize winners: Get ready for a chance to be one of two winners to win QAR 1,000,000 every two months.
  • Monthly prize winners: Six lucky winners get a chance to win QAR 50,000 each month, adding up to 72 winners annually.
  • Weekly prize winners: Every week 20 winners stand an opportunity to win QAR 10,000, totaling 1,040 winners per year.
  • Profit payout: Earn profit on your minor’s Misk Account savings every quarter.

Minor Savings Account:

  • Children must be under 18
  • Minors can open the account under the guardianship of a legal guardian (in accordance with Qatar Central Bank policy and Qatari law)
  • The minimum amount to open an account is QAR 20,000
Misk accounts:
  • For weekly/monthly draws:
    • Maintain a minimum monthly balance of QAR 10,000
    • Every QAR 10,000 gives you a chance in the draw
    • You have to open/maintain a Misk Savings Account for at least 1 calendar month
  • For Millionaires draws:
    • To qualify for the Grand Prize draws, the customer must open the account three months prior to the draws and maintain a minimum of QAR 10,000 for each month of those months
    • Each QAR 10,000 is equal to 1 chance per month throughout the year
  • Misk Account is available only in Qatari Riyals
  • To be eligible for the weekly, monthly, and every 2 months draws, you should maintain a minimum balance of QAR 10,000 in your Misk Account
  • Misk Account is available for individuals (Qataris & residents), minors, and Joint Account customers.

  • QIB Mobile App:
    • Login to the QIB Mobile App
    • Select “Open Minor Savings Account or Misk Account”
    • Complete digital application
Or,
  • Branch: You can also apply for a Minor Savings and Misk Account at your nearest branch. Simply provide the required documents, complete the application form, and that’s it.
Open a Savings or Misk Account in 4 easy steps
  • Step 1
    QIB Mobile App home screen showing the option to open a new savings account instantly.
    Step 1

    Download the QIB Mobile App, click "Open a New Account Instantly". Tap on “Open a Minor Savings Account or Misk Account”, complete the digital journey.

  • Step 2
    QIB app screen displaying the section to scan QID or passport and verify personal details.
    Step 2

    After finishing the onboarding, login to the QIB Mobile App. Tap 'More' on the footer menu. Select 'Apply for Products.'

  • Step 3
    QIB app page showing fields to update residence, email, income details, and capture a digital signature.
    Step 3

    Choose your currency. Select the account to fund your new Minor Savings Account or Misk Account. Enter the amount.

  • Step 4
    QIB app screen where the user enters debit card name, selects delivery, sets login, and validates with OTP.
    Step 4

    Review all details carefully. Accept the Terms & Conditions. Confirm to open the Minor Savings or Misk Account for kids.

  • Step 1
    Access QIB Mobile App
    QIB Mobile App welcome screen showing options to log in, register, or open a new account instantly.
    Step 1

    Login to the QIB Mobile App. Tap 'More' on the footer menu. Select 'Apply for Products.'

  • Step 2
    Set account type
    QIB app screen displaying account product options where users select Savings Account.
    Step 2

    Tap 'Open Additional Account' under 'Account Products.' Select ‘Minor Savings Account or ‘Misk Account’.

  • Step 3
    Enter funding details
    QIB app page showing fields to choose currency, funding account, and enter the savings amount.
    Step 3

    Choose your currency. Select the account to fund your new Minor Savings Account or Misk Account. Enter the amount.

  • Step 4
    Confirm & activate
    QIB app confirmation screen where users review details, accept terms, and activate the savings account.
    Step 4

    Review all details carefully. Accept the Terms & Conditions. Confirm to open the Minor Savings Account or Misk Account.

Learn More
Download QIB App
Alternative accounts
Banner presenting junior program key features.

QIB Junior Program

Benefits:

  • CheckCircle Financial literacy at early stage
  • CheckCircle Set saving goals
  • CheckCircle Get a Junior Prepaid Card
Read More
Banner promoting special deposit products.

Special Deposit

Benefits:

  • CheckCircle Attractive profit payout
  • CheckCircle Multiple tenor options
  • CheckCircle Open to all ages
Read More
Related products

Protect yourself from fraud

Your security is our top priority. Learn how to spot scams and protect your personal information with simple tips that help you bank with confidence. 

Get More Tips
Keyhole icon representing access, privacy, or security concept.

Private information

Keep your info private: Never share passwords, PINs, or OTPs.

Shield icon with slash representing disabled protection or blocked security.

Recognize spam

Spot suspicious messages: Ignore unexpected emails, calls, or links asking for sensitive details.

Seal icon with question mark representing verification or inquiry.

Verify contact

Confirm before you share: Always verify the identity of the person or organization before responding.

Get More Tips

Frequently asked questions

It is a dedicated children's Savings Account, which allows minors to make transactions, save money, and be aware of basic banking operations.

With a free Debit Card, zero balance and digital access, children can avail banking services just like an adult, making it one of the best bank account for kids.

As a guardian, you should be the one to open a children’s savings account on behalf of a child, since he/she is not eligible to open an account by himself / herself.

Yes. You can open a Minor Savings Account using the QIB Mobile App.

You’ll need your kid’s valid QID to open an individual Minor Savings Account. Expats also require a valid passport.

Yes, your child will receive a QIB Debit Card for free with global access.

Only parents/guardians’ number is registered on the app to track transactions of the kid’s bank account.

No, you can open one account for yourself and another for your minor.

Yes, you are required to maintain QAR 10,000 in misk account to participate in draws.

Visit the Misk winners page to check out the lucky winners