As life becomes more digital, young users see online payments, Apple Pay & Google Pay, tap-to-pay, and investing conversations long before they ever open their first account. The iVestor Minor Account gives them a safe and structured way to start learning, while you stay fully in control.
I What Is a Minor Account on iVestor?
A Minor Account is an account created in your child’s name but fully managed by you.
It gives them:
- One dedicated iVestor card for daily spending
- Their own balance
- Access to subscribe to IPOs
- A space to receive allowances, gifts, or savings
A national investor number for receiving share transfers as gift, subscribe to IPO’s and future investing.
To keep things clear:
- One minor → One account → One card
- You can add up to four minors to your profile
This ensures clean separation for each child and easy management for you.
I Why Families Use Minor Accounts
1. Keeps Each Child’s Money Organised
Instead of mixing all children’s funds in your own account, each minor has their own space.
This makes it easy to track:
- Allowances
- Gifts (Eid, birthdays, etc.)
- Savings
- Investments and dividend distributions
2. Safe, Controlled Digital Spending
Every minor gets one iVestor card that can be used online or through Apple Pay & Google Pay. You decide:
- When to top up
- How much they can spend
- Whether the card is active or frozen
- Which transactions are allowed
The minor gets the experience.
You keep the control.
3. Access to UAE IPOs, A Big Advantage
One of the strongest reasons parents open Minor Accounts.
A minor can subscribe to IPOs in their own name through their card.
This helps families:
- Allocate IPO shares separately per child
- Start building long-term value early
- Teach minors about investing in a simple way
It’s a practical way to begin creating financial foundations for the future.
4. Helps Build Basic Money Awareness
The goal is not to make children smarter at “financialmanagement at an early age.”
It’s simply to give them a safe environment to observe and learn:
- How a balance changes
- How spending works
- How saving adds up
- What it means to have an account
They learn naturally, at their own pace, while you guide them.
I How to Open a Minor Account on iVestor
Opening a Minor Account is straightforward:
- Open the iVestor app
- Tap Manage Cards
- Select New Minor Card
- Choose Open Account
- Confirm your relationship
- Scan ID/Passport only
- Submit for approval
Once approved, the minor’s card becomes active immediately.
Important Notes
Eligibility Criteria
To open an account, make sure you have the following ready:
- The parent (guardian) must have an active iVestor account.
- The child must be below 18 years old.
- Minor’s valid Emirates ID or passport.
- The guardian should be the father.
- A court order is required if the guardian is not the father.
