The right account for young people
Young Account
Benefits
Flexibility
No minimum opening amount in local currency.
Digital channels
Immediate access to Internet Banking, Mobile Banking and Millennium bim Telephone Banking (Linha Millennium bim).
Products included
Student’s Debit Card and Young Person’s Savings Plan.
Features
Account movement
The following transaction methods are available: debit card, Internet Banking, Mobile Banking and Millennium bim Telephone Banking (Linha Millennium bim).
How to Obtain It
To open a Standard Account, visit any Millennium bim Branch.
Compulsory documents:
Identity Card / Birth Certificate / Personal Identification Document (Cédula Pessoal) / DIRE (Identification and Residency Document for Foreigners);
Taxpayer Identification Number (NUIT).
Charges
This account does not bear any maintenance cost or fee.
Inactivity Fee
When the balance falls below 100 MT and the current deposit account has been inactive for more than 6 months, an inactivity fee, published in the Bank’s Schedule of Charges, will be charged.
All resident Private Customers, aged 30 years or under, have access to the Young Person’s Account. Upon opening the Young Person’s Account, Customers under the age of 21 must be represented by their parents or legal representatives.
When established in Dollars, the minimum opening amount is 100.00 USD.
If you already hold a Millennium bim Account, you don't need to open a new account, just visit any Branch and request the Internet Banking subscription, and you have immediate access to all your Millennium bim Accounts.
Useful Document