{
  "id": 14304500,
  "title": "MariBank courts younger customers with child accounts and global stock trading",
  "url": "https://urgent.news/2026/10/13/maribank-courts-younger-customers-with-child-accounts-and-global",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T22:00:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/maribank-courts-younger-customers-with-child-accounts-and-global-stock-trading"
  },
  "original_language": "en",
  "account": "Sea-owned MariBank is introducing child accounts and global stock trading options for customers aged 16 to 28, aiming to attract digitally savvy youth. The child account concept was proposed by the bank's senior management, and supported by an internal survey, revealed that several senior executives frequently used the bank's products and desired a more convenient way to manage their children's allowances. An internal study conducted with parents identified concerns surrounding managing children's transactions and allowances, encouraging saving and building financial literacy from a young age.\n\nThe bank, which primarily serves customers in their 20s and 30s, plans to launch the child account in the first quarter of 2027. This account will permit children to conduct their own transactions within predefined limits, with certain transactions requiring parental approval. The MariBank core customer base is predominantly in their 20s and 30s, and the bank intends to expand its investment offerings to include US and global equities in early 2027, with high engagement among young customers.\n\nMariBank has lifted the $100,000 individual deposit cap on its Mari Savings accounts, removing a source of inconvenience for users who previously encountered transaction rejections due to exceeding the cap. The removal of this cap allows customers to benefit from high-interest promotions, such as new user rates or ShopeeVIP bonuses, up to 2.88 per cent per annum, directly applied to their entire balance.\n\nMariBank's customer deposits increased from $1.54 billion in 2024 to $2.82 billion by 2025, with ShopeeVIP users accounting for 18 per cent of the bank's users. Over the past month, customers who availed of the ShopeeVIP bonus interest rates doubled their balances. Although Sea's ecosystem remains crucial to MariBank, the bank aims to expand its reach beyond Sea's services by leveraging online marketing and referrals, having already seen more than 50 per cent of customers coming from outside Shopee.",
  "summary": "Customers will be able to invest in US and global equities from early 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}