We got this via email from a mother who thought its really unfair for a bank to have or apply this rule. It might be a rule from the central bank of Kuwait but that does not make it right.
Here is what she wrote:
There is something that happened to me today that left me quite offended. You know the jawhara account in NBK? I went to open an account for my son and since I’m the mother I had to sign some papers stating that If my son won anything, I can’t touch nor withdraw the prize, even my son can’t touch the money until he’s 21 years old. What shocked me was when they told me that I should let the father open the account since the father CAN withdraw the money if my son ever wins. Now this I don’t get. They trust the father to act responsible and assume that he’s trustworthy and I, the mother who wants to start the account, am not!
He might be a good father, and know what is best for the family and I’m sure that most of the fathers are trustworthy, I’m not saying otherwise, But he might spend the money the wrong way too.. and if you’re giving him the right to watch over the son’s money, well, I’m the other parent! and I think I should be given the same right.
This rule also implies that when the son turns 21 he’s going to be more wise than me with his money. This rule/law also implies that the father and the 21 year old son are wiser and more trustable than the mother in any age. ta’7alof!
Ofcourse now I’m going to withdraw the money and put in my account, so just incase I win, I can make my whole family and everyone happy.
Thanks c’est la vie for sharing this with us