Nasfund Contributors Savings & Loan Society (NCSL) has now added another feature to the Member Online Portal that will enable parent members to view savings balance for their children under the Kids Savings Account (KSA) product.
This is in line with NCSL’s vision of being the best provider of e-Banking service in Papua New Guinea.
NCSL Manager for Member Services & Branch Support, Mr. Noel Keyala said this added feature creates good customer experience for its members and better product proposition for future growth and revenue generation.
“Trustees/parents can now view KSA account balance and deposit transactions on their member online access, this was previously not made available.”
“This access is also more convenient for trustees who have more than one KSA account, they can view all their KSA accounts with one log in.”
Keyala added that this is also a time and cost cutting measure for trustees who would normally visit a branch to obtain KSA statement.
To enable this service, parents/trustee will complete an Application Form and submit to member services with copy of their valid ID and child’s image to update.
Upon same day registration provided that all necessary requirements are in order, trustees will instantly view and track the KSA account to confirm deposits when logged in.
NCSL’s KSA is an interest-bearing account for children under the age of 18 years. Membership is open to any interested child with their parent’s consent.
This includes children whose parents are non-ncsl members.
The KSA product was introduced in 2014 to encourage young minds to save at an early age.