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Under 19s Account

LLOYDS BANK CURRENT ACCOUNTUnder 19s Account

The easy way for children and teens to make the most of their money


 

Features and benefits

  • Easy access to your money

    Choose between a Lloyds Bank Visa debit card with contactless functionality to pay for things in shops and online, or a Cashpoint® card which is only for taking money out of cash machines.

  • Credit interest

    Earn a variable rate of interest of 0.50% AERCloseAnnual Equivalent RateAER (Annual Equivalent Rate) - the rate if interest was paid and compounded once a year./0.50% grossCloseGross RateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. variable on balances between £1 and £2,499.99. Interest is paid quarterly directly into your account and no interest will be paid on any part of your balance over £2,499.99.

  • Manage your money

    Bank your way with the Mobile Banking app, Internet Banking, Telephone Banking, in branch, and also get free Mobile Alerts.

Switching to us is now faster and more convenient with the Current Account Switch Service. Find out more about the benefits of switching to us.

Keep in mind

  • 11-17 year olds can apply

    If you’re older, you may consider a Classic Account or a Student Account if you’re in full-time education.

  • No overdraft

    There's no overdraft available with this account. If there isn't enough money in your account, any transactions shouldn't go through, as this account is designed to make sure you can't spend money you don’t have. If something does go wrong and your account goes overdrawn by mistake, we won’t charge you and we’ll work with you to make sure your account is put right.

Debit card or Cashpoint card

11-15 year olds

Debit card or Cashpoint® card

    Choose between:

  • a Lloyds Bank Visa debit card, which you can use to pay for things in shops, on the internet, or to access your money at cash machines, or
  • a Cashpoint card for taking money out at any Lloyds Bank Cashpoint or other cash machines.

More about debit cards

Competitive interest

Credit interest

As an Under 19s account holder, you will earn a variable rate of interest of 0.50% AERCloseAnnual Equivalent RateAER (Annual Equivalent Rate) - the rate if interest was paid and compounded once a year. (0.50% grossCloseGross RateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.) on balances between £1 and £2,499.99. No interest will be paid on any part of your balance over £2,499.99. You will be paid this quarterly.

Banking your way

Banking your way

  • We have over 1,200 branches, so you'll find us in nearly every high street.
  • Instant access to your money 365 days a year.
  • Register for Internet Banking and manage your account online.
  • You can also register for Mobile Banking.

More about ways to bank

Text Alerts

Mobile Alerts

Our mobile alerts service offers a simple way to stay on top of your finances without even having to think about it. So if we have a mobile number for you, we’ll help you keep an eye on your balance.

Find out more about mobile alerts

Mobile app

Mobile Banking app

Our Mobile Banking app for iOS and Android are quick and easy to install, fast, convenient and more secure than ever - the easy way to stay on top of your money. Bank where you want with the latest built-in security technology that keeps your details safe and private. More and more customers are choosing the flexibility, convenience and security of banking on their mobile.

Personal UK Internet Banking customers only. Terms and Conditions apply.

More about the Mobile Banking app

Visa debit card

16-18 year olds

Debit card or Cashpoint® card

    Choose between:

  • a Lloyds Bank Visa debit card, which you can use to pay for things in shops, on the internet, or to access your money at cash machines, or
  • a Cashpoint card for taking money out at any Lloyds Bank Cashpoint or other cash machines.

More about debit cards

Credit interest

Credit interest

As an Under 19s account holder, you will earn a variable rate of interest of 0.50% AERCloseAnnual Equivalent RateAER (Annual Equivalent Rate) - the rate if interest was paid and compounded once a year. (0.50% grossCloseGross RateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.) on balances between £1 and £2,499.99. No interest will be paid on any part of your balance over £2,499.99. You will be paid this quarterly.

Save money on driving lessons

Save money with the AA Driving School

Get the chance to save up to £75.99 with the AA Driving School (if you're 17 or over). Save £36 on AA driving lessons and get a free Pass Your Test CD-ROM worth £19.99. After passing your test, you can get £20 off Pass Plus, the qualification for advanced practical skills. Terms and conditions apply.

Banking your way

Banking your way

Quick, easy ways other than in branch to manage your money 24 hours a day, 7 days a week, online or on the phone with Internet Banking, PhoneBank® and Mobile Banking.

More about ways to bank

Text Alerts

Mobile Alerts

Our mobile alerts service offers a simple way to stay on top of your finances without even having to think about it. So if we have a mobile number for you, we’ll help you keep an eye on your balance.

Find out more about mobile alerts

Save The Change

Save the Change®

Register for Save the Change and make saving easy. When you buy something with your Lloyds Bank Visa debit card (and your account is in credit), the amount can be rounded up to the nearest pound, and the difference transferred to an eligible Lloyds Bank savings account.

More about Save the Change

Money Manager

Money Manager

Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.

More about Money Manager

Mobile app

Mobile Banking app

Our Mobile Banking app for iOS and Android are quick and easy to install, fast, convenient and more secure than ever - the easy way to stay on top of your money. Bank where you want with the latest built-in security technology that keeps your details safe and private. More and more customers are choosing the flexibility, convenience and security of banking on their mobile.

Personal UK Internet Banking customers only. Terms and Conditions apply.

More about the Mobile Banking app

Interest rates

These interest rates are correct as of 24/09/2018. Interest rates are variable, and any interest you accrue will be paid quarterly.

Your balance

AER %

Gross %

£1-£2,499.99

0.50

0.50

£2,500+

0

0

Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest) .  Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependant on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.

Ways to apply - online

Online

Fill in our simple application form. We’ll just need a few bits of information. To open an Under 19s Account, you must be between 11 and 17.

11-12 year olds

A parent or guardian must be with you when you open your account or if you apply for more services.

You cannot apply online and can only apply for an Under 19s account in a branch. You’ll need to bring

13-15 year olds

A parent or guardian must be with you when you open your account or if you apply for more services.

Fill in our simple online application form, then pop into any Lloyds Bank branch with a parent or guardian. You’ll need to bring

16-17 year olds

Fill in our simple online application form, then pop into any Lloyds Bank branch. You don’t need to be accompanied by a parent or guardian, but you’ll need to bring:

Apply for an Under 19 Account online

Ways to apply - branch

Ways to apply

To open an Under 19s Account, you must be aged between 11 and 17.

In branch

Pop into any Lloyds Bank branch and our staff will be happy to help. In busier periods when staff may not be immediately available, we’ll be happy to book an appointment for a later date. You can also call 0345 300 0000 (+44 1733 347 007 from outside the UK) to book an appointment in advance. Lines are open 7am - 11pm, 7 days a week.

11-15 year olds

A parent or guardian must be with you when you open your account or if you apply for more services.

16-17 year olds

You don't need to be accompanied by a parent or guardian, but you’ll need to bring:

Find your nearest branch

Switch guarantee logo

Switching with us

We can move your current account to a Lloyds Bank Classic Account in just seven working days. Your standing orders and Direct Debits will be automatically transferred to your new account. All you have to do is let us know the date you want to be switched and provide details of the account you want to switch from.

Current accounts and services are offered subject to your status. They are available only to personal customers who are aged over 18, are resident in the UK, and are either an EU national or have permission to stay in the UK for at least 12 months.

Current Account Switch GuaranteeCurrent Account Switch Service logo

 

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

  • The service is free to use and you can choose and agree your switch date with us.
  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
  • If you have money in your old account, we will transfer it to your new account on your switch date.
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
  • If there are any issues in making the switch, we will contact you before your switch date.
  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

 

 

ClockThe application process typically takes about 10 mins Apply now

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Useful phone numbers


These lines are available 24/7.

Not all Telephone Banking services are available 24 hours a day, seven days a week. Please speak to an adviser for more information.

Financial Services Compensation Scheme


FSCS - Protecting your money