What you need to know when starting your first bank account.

If you don’t have a bank account (savings account) and you are ± (plus/minus) 13-18 years of age, you should consider opening one for yourself. This can seem daunting but a good amount of planning can make the job a lot easier. Financial literacy is a thing too.

Below are a few tips you need to know when starting your savings account.

  1. Permission 

    In order to make a savings account, you need permission from your parents/guardians. They will share their knowledge on how to use money wisely AND most important, they are usually required to do some signing if you are under the age of 18, so take them along.

  2. Be Prepared

    You will need more than your parents. A few documents like your full birth certificate, your parents ID are usually required and a minimum amount of money.

  3. Research

    Not all banks are the same so do your research. We recommend you start a Bank Windhoek Solo Account or FNB Future Forward Account. Both these accounts are for children under the age of 18. They have a few advantages compared to your parents accounts, so get yourself one of this if you really want to SAVE extra MOOLA! A whole life-saver.




  • You can withdraw money at any ATM wherever you see a VISA, Saswitch or Namswitch emblem, locally or internationally.
  • When you use a Bank Windhoek ATM you will pay no ATM withdrawal fees. unlike your parents.
  • A choice of 4 different card designs.


  • You and your guardian’s / parents Namibian IDs / valid passports / valid Namibian Driver’s Licenses / your birth certificate if you are under 16.
  • Proof of your residential address (i.e. Your most recent municipal account, not older than 3 months).
  • A minimum of N$100 opening deposit.




  • Use the FNB Future Account to transact safely and easily at merchants using a PIN-based Visa debit card.
  • Clients will be allowed two free debit transactions per month ATM (cash withdrawal or point of sale (POS).
  • Free ATM balance enquiries to assist clients in keeping an eye on their finances.
  • Enjoy FREE subscription to inContact and all FNB Digital Banking channels.

How does it work?

  • Parents can deposit pocket money directly into the Future Account via stop order or scheduled payments or electronic transfers
  • Clients can transact 24 hours a day, 7 days a week, through our wide network of ATM’s, FNB Branches, shops with Point of Sale facilities, Cellphone Banking, Online Banking, & FNB App.
  • Future Account holders can buy prepaid airtime for themselves or someone else with FNB’s Cellphone Banking, Online Banking or FNB App
  • Clients paying for purchases at point of sale terminals (POS) cannot spend money they don’t have when using their Future Account Visa Debit Card as all transactions can only be authorised against the available balance on the account.


  • For kids under 16, parents/guardian must show their original child’s full birth certificate.
  • Kids over 16 can open the account with their original Namibian passport.

Awesome right? Enjoy while you are still young, don’t miss the chance.


Do you have a savings account? Tell us your tips below!


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