New Gen Account

New Gen Account

New Gen Account
Easy Account
Lucky Account
Smart Kid Account
Future Account
Happy Old Age Account
Individual Term Deposit Account

About Product

Is the type of account which provides your child aged 12 to under 18 who does not yet possess valid identification documents with an opportunity to learn responsible money habits in a safe and supervised setting, giving parents and guardians peace of mind. 

Key Benefits

Guided Independence

Kids manage their own money with parental guidance and oversight, without transaction control.

Digital & Cashless

Open and use the account fully on AMK Mobile Banking for payments, transfers and daily spending.

Interest Growth

Earn monthly interest with no fees and easily upgrade to an adult with transaction history continuity.

Product Attribute
Description
Currency

KHR/USD

Annual Interest Rate

Please see table below

Initial Deposit

Nil

Minimum Balance

Nil

Account Ownership

Nil

Withholding Tax

4% for resident 14% for non-resident

Account Opening
  • AMK Mobile Banking by parents or guardians
Accessibility

Be able to operate in all AMK digital channels such as:

  • AMK Agent
  • AMK Mobile Banking
  • ATM/CDM Machine
Interest Payment

Interest is accrued daily based on ending balance end of day and paid automatically into account at the end of each month.

Account Limit
Limit Type
Withdrawal
Deposit
Transaction Limit
KHR 1,000,000 and USD 250
Follow each transaction limit by channel
Daily Limit
KHR 1,000,000 and USD 250
KHR 40,000,000 and USD 10,000
Monthly Limit
KHR 10,000,000 and USD 2,500
Unlimited
Transaction Restriction
  • Loan Request and Repayment
  • International transfers both inbound and outbound
  • Request physical card
  • Add Fixed Term Deposit, Contracture and CASA
Parent’s Right
  • Block/Unblock​ accounts
  • Set up transaction limits
  • Set up transaction types
  • View transaction history, statement and account balances
  • Close Account
Benefits
Additional Service

No fee charged of using other service such as:

  • Request account statement
  • AMK Mobile and
  • Get the notification of account through mobile phone
Fee Charge
  • Free of charge on account opening or closing
  • Free of charge on annual virtual debit card maintenance
  • The fee charge of dormant account which no activity for over 12 months will be applied based on period of dormancy.
Account Balance
KHR
USD
<=KHR 400,000 / USD 100

KHR: 2.00%

2.00%

USD: 1.75%

1.75%

> KHR 400,000 to KHR 20,000,000
>USD 100 to USD 5,000

KHR: 2.50%

2.50%

USD: 2.25%

2.25%

> KHR 20,000,000 / USD 5,000

KHR: 3.00%

3.00%

USD: 2.75%

2.75%

Requirements
  • Parent or guardians who have a child aged from 12 to under 18 years old.
  • Documents verifying the relationship between parents or guardian and child such as birth certificate or copy of birth certificate or family book or resident book or court decision, and/or other valid documents that can be used to verify the relationship between the parents or guardian and the child.
Contact us
023 220 202 or 1800 200 200 (No Fee Charge).
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Terms and Conditions
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How to open and use New Gen Account

I. How to create a New Gen for parents
II. How to manage transaction type New Gen from parents
III. How to set daily and/or monthly limits for New Gen from parents
IV. How to block fund New Gen from parents
V. How to unblock fund New Gen from parents
VI. How to Sign-Up for New Gen from a child

AMK Mobile,
Your Digital Partner

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AMK Mobile,
Your Digital Parner

Download Now

AMK Mobile,
Your Digital Partner

Download Now