BSP opens first Parenthood Grant funded Account
Suva’s first recipient of Government’s Parenthood Assistance Payment Programme has opted for BSP’s banking services.
This was confirmed by BSP Country Head Haroon Ali.
Mr Ali welcomed baby Mathias Zephanaia Petersen and his Mum Vaciseva Petersen to BSP’s group of valued customers.
Ms Petersen was issued the first letter from the Suva office of the Registrar of Births Deaths and Marriages, endorsing her son as a recipient of the $1000 grant under this programme.
In the letter, the Registrar General’s Office stated that trustee and mother, Vaciseva Petersen had nominated BSP for the deposit of the Parenthood Assistance payment of $1,000.
“Ms Petersen had made initial enquiries about our account opening requirements and once she arrived at our Thomson St branch with these, we were able to instantly open Baby Mathias bank account,” Mr Ali said.
BSP has tailored its fee-free services for the financial care of Fiji’s newborn citizens in accordance with this Government of Fiji policy to assist parenthood.
Under their suite of benefits for children, including newborn babies, BSP has had a longstanding arrangement to enable parents to transfer funds to these accounts for free.
This initiative encourages parents to build on these funds through regular deposits from their own income,” he added.
For mothers choosing to open a bank account with BSP in order to access this grant, they will need to provide: As for the newborn, they are required only to have originals of their TIN letter and a birth certificate.