ITF Account

Service/Product Target

Children or persons under the age of 18

Product Attributes/ Features

  • Minimum Balance of MK10,000
  • Interest paid once a year.
  • Interest is at 3% per annum. Subject to review
  • Signatory is the guardian.

Benefits To The Customer/User

Saving for a child or minor’s future needs.

Costs To Access The Product


Account Opening Requirements

  • Account opening forms
  • Copy of National Identity
  • Signature specimen/thumbprint
  • Utility bills
  • Map to residence/ business premises

Terms and Conditions

  • When the guardian dies before the minor gets into majority age, money on the minor account doesn’t become part of the estate so cannot be redistributed
  • Account will be handed over when the owner attains majority age of 18 years
  • Account should not overdraw or operate below required minimum balance



To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.