Gen Alpha needs financial literacy to navigate a complex economy and secure their future, and OCBC—the Singaporean multinational banking and financial services corporation—launched OCBC MyOwn Account with the next generation in mind.
In Singapore, the minimum age to own a bank account is usually 16, but OCBC MyOwn Account was created for kids between the ages of seven and 15. Parents who are existing OCBC customers benefit from being able to open an OCBC MyOwn Account for their children via the OCBC app and let them operate their bank account, with parental controls in place. With the app, Gen Alpha can make digital payments, scan QR codes at merchants, and use PayNow.
Young account holders also get their own debit cards, and OCBC MyOwn Account kicked off OCBC’s five-year collaboration with Disney, offering up fun designs featuring beloved characters.
