Who can open an Eyalna account?

The father or legal guardian of a child under 18, who must be a UAE resident. You can open several minor accounts, with a limit of one account per child.

Do I need to be an Mbank customer already?

No. You register your own details in the Mbank UAE app with UAE PASS as the father or legal guardian, then open the minor account by registering your child's information. You are not required to open an account for yourself.

Which documents are needed?

For a UAE national child, the child's valid Emirates ID. For an expatriate child, the child's valid Emirates ID and residence visa. A legal guardian who is not the father also needs a court-notarised guardianship letter. New customers add the father's or guardian's own Emirates ID.

What are the spending limits on the child's debit card?

By default AED 1,000 a day for point-of-sale and e-commerce purchases and AED 200 a day for ATM withdrawals. You can adjust the limits yourself in the cards section of the Mbank UAE app.

What interest does Eyalna pay?

0.25% a year below AED 100,000, 0.5% a year between AED 100,000 and AED 199,999 and 0.75% a year above AED 200,000, paid monthly.

What happens to the account when my child turns 18?

It converts automatically to a major account. Your child registers directly on the Mbank UAE app and links the existing account, and from then on operates it alone. The father or legal guardian no longer has access.

Can the child have a cheque book?

No. Minor accounts are savings accounts, and cheque books are not available on them.

Mbank Eyalna Minors Savings Account

Mbank Eyalna is a savings account for a child under 18, opened and controlled by the father or legal guardian in the app, with a debit card and interest.

Open account

At a glance

Key facts

Annual RateUp to 0.75% interest

See balance requirements

Account access

Debit card included.

Open in the app.

An existing account with the bank is not required.

See opening steps

Eyalna is a savings account for a child under 18. The father or legal guardian opens it in the Mbank UAE app, tops it up from their phone and stays in control until the child turns 18. The child gets a debit card linked to the Eyalna account, so pocket money and online purchases stay separate from the parent's own account. The guardian can also give the child their own login to the app.

The guardian does not need to be an Mbank customer first. A new customer registers with UAE PASS, then opens the minor account without opening one for themselves. For the guardian's own banking, see the Mbank Savings Account.

Who can open it

Residency

UAE resident

Child under 18

One Eyalna account per child. It becomes a standard account at 18.

Father or legal guardian

A legal guardian who is not the father provides a court-notarised guardianship letter.

Fees and balance

Minimum opening amount

None

Interest

Annual interest rate

Your balance	Rate a year
Below AED 100,000	0.25%
From AED 100,000, up to AED 199,999	0.5%
Above AED 200,000	0.75%

Your balance	Rate a year
Below AED 100,000	0.25%
From AED 100,000, up to AED 199,999	0.5%
Above AED 200,000	0.75%

PayoutMonthly

In plain words

Annual rate: The rate is quoted for a full year. Money held for part of a year earns the matching part of it. More on this
Balance bands: The rate changes with how much you hold. Each band is a range of balance with its own rate. More on this

What your money earns here

Balance

Held for

1 year

The amount and the rate stay the same for the whole period, and the interest is paid out, not added to the balance. Try other rates

AED 25

interest over 1 year

0.25%

a year on this balance

interest earned over time

Eyalna earns Mbank's standard savings rates. Money can be taken out at any time without a withdrawal penalty, and no minimum deposit is needed to open the account.

Benefits

Numberless Debit Card for Minors

A debit card linked to the child's account for purchases and ATM cash withdrawals.

Guardian Spending Controls

Set daily and monthly limits on the child's card and receive instant alerts.

Remote Top Up

Send money to the child's account from the Mbank UAE app at any time.

How to open

Before you apply

1.Open in the app.

2.An existing account with the bank is not required.

3.Debit card included.

Application steps

1.Download the Mbank UAE app. Existing customers log in and choose the minor account option on the home page.

2.If you are new to Mbank, choose Open an Account and register your identity with UAE PASS.

3.Choose Minor Account from the list of accounts.

4.Enter your child's details and provide the child's Emirates ID, plus the residence visa for an expatriate child.

5.If you are a legal guardian and not the father, add the court-notarised guardianship letter.

Documents and terms

Mbank Eyalna Minors Savings Account Key Facts Statement

Opens in a new tab

Good to know

Good option for

Parents who want to pay an allowance digitally and let a child spend with a card under limits the parent sets, whether or not the parent banks with Mbank.

Consider another account if

You are not the child's father or legal guardian, or the child is already 18. Compare other savings accounts.

Card limits you can change

Mbank sets the child's card to AED 1,000 a day for shop and online purchases and AED 200 a day for ATM withdrawals. The father or legal guardian can change these limits at any time under Manage Card in the app. The card has no number printed on it, so the guardian shares the card details from the app when the child needs them for an online purchase.

When the child turns 18

The bank notifies the guardian 90 days and 30 days before the child's 18th birthday. At 18 the account converts automatically to an independent account in the child's name. The new adult registers on the Mbank UAE app and links the account, the guardian loses access, and cards issued on the minor account are cancelled and replaced on request.

Frequently asked questions

Get answers to common questions about the Mbank Eyalna Minors Savings Account