How you benefit Saving for children Proodevo Savings Account is ideal for parents willing to save money for the future needs of their children. You can open the account in the name of your kid, but an adult, member of the family, is required to be a co-beneficiary. When the kid reaches the age of 18 years old, the account is automatically converted to a Basic Savings Account. Easy saving "Proodevo” Savings Account gives you the option to make deposits in any way convenient to you: Via cash deposits Via a standing order from another account you hold with Piraeus Bank Via money transfer from an account at any other bank Since it is a savings account, you are not advised to use it for everyday banking transactions, such as payments, remittances or loans. However, you are at any time free to make withdrawals if you require money. There is no limit on the amount you can deposit or withdraw and there is no need to maintain a minimum balance at any time.