Benefits of the Childrens’ Genius Account

• The child need not be personally present for the opening of the account
• Free opening, administration, and cancellation of the account
• One cash deposit and one cash withdrawal at a branch free every month
• Fiscal education for the child with regard to the handling of money
• The money is not tied up with any termination period
• Both parents can have the money on the account at their disposal, either together or separately
• A free Children’s Maestro card designed solely for ATM withdrawals, with a monthly limit of up to CZK 2,000
• 2 free withdrawals per month from the GE Money Bank ATM network
• Free standard monthly statement or electronic eStatement
• All incoming payments in the account without a fee
• An advantageous interest rate of 2.50 % p.a. (with a balance of up to CZK 30,000) and 0.1 % p.a. (with a balance over CZK 30,000)
• Free insurance plan “Children’s Insurance” – insurance against the lasting ill effects of an accident (CZK 200,000) – premiums paid by GE Money Bank
• The insurance plan “Children’s Insurance Plus” – insurance in the case of permanent disability due to an accident, with the insurance benefit of another CZK 250,000 (a total of CZK 450,000) and a monthly annuity for the child in the event of the death of the child’s statutory representative in an accident, before the child reaches 18 years of age, of up to CZK 2,700 per month.

On the child’s 15th birthday, the account will automatically convert into an advantageous Genius Student Account, with the same account number.