“Savings accounts for teenagers”, the new regulation on #SaberEsCentral

Buenos Aires, June 11, 2019. To encourage the opening of savings accounts and further use of electronic means of payment among young people between 13 and 17 years of age, the fourth regulation is included on #SaberEsCentral, the BCRA’s financial education platform.

This time, the Central Bank provides information on the choices available for teenagers to open their own savings accounts without the need to be accompanied by their parents. It also highlights the benefits of using free of charge electronic means of payment. This initiative has been designed for teenagers to acquire new financial skills for their own benefit in their daily life.

Mariano Iglesias, Head of Financial Education of the BCRA, explains in a video what is required to open an account, the advantages of having a linked debit card, and the benefits of using online banking. These ideas are depicted through a family of digital characters on #SaberEsCentral.

#SaberEsCentral is a digital platform where the BCRA posts regulations intended to promote the use of bank accounts and electronic means of payment by financial service users.

One of the main responsibilities of the BCRA is to provide users with tools and services that promote financial inclusion. #SaberEsCentral therefore becomes a key tool for making users develop their financial capabilities and, consequently, for contributing to economic development.

- The new regulations posted on #SaberEsCentral are:

- Simplified process for closing any type of accounts

- Salary accounts opened by workers

- Social allowance accounts