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LLOYDS BANK CURRENT ACCOUNT

Under 19s Account

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

Under 19s Account card

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
  • For accounts opened before 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £2,499.99. We do not pay interest on amounts of £2,500 or more.
  • For accounts opened on or after 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more.
  • Manage your money

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

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 arranged overdraft

There's no arranged 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.

  • 11-12 year olds can only apply in branch

A parent or guardian must be with you when you open your account. You cannot apply online and can only start the application in a branch. To make an appointment contact your nearest Lloyds branch.

  • 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.

    Credit interest

    As an Under 19s account holder, you will earn interest on your money, which is paid quarterly:

    • For accounts opened before 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £2,499.99. We do not pay interest on amounts of £2,500 or more.
    • For accounts opened on or after 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more.

    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 and Telephone Banking.

    Text 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.

    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.

  • 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.

    Credit interest

    As an Under 19s account holder, you will earn interest on your money, which is paid quarterly:

    • For accounts opened before 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £2,499.99. We do not pay interest on amounts of £2,500 or more.
    • For accounts opened on or after 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross 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. p.a.) variable on credit balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more.

    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, Telephone Banking and Mobile Banking.

    Text Alerts

    Our text 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.

    Save the Change®

    Save the Change® makes saving easy. When you buy something with your Lloyds Bank debit card (and your account is in credit), we’ll round up the amount to the nearest pound and transfer the difference into an eligible Lloyds Bank savings account.

    Money Manager

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

    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.

  • These interest rates are correct as of 23/08/2021. Interest rates are variable, and any interest you accrue will be paid quarterly.

    For accounts opened before 23 August 2021

    Interest rates

    Your balance

    AER %

    Gross %

    Your balance

    £1-£2,499.99

    AER %

    0.50

    Gross %

    0.50

    Your balance

    £2,500+

    AER %

    0

    Gross %

    0

    For accounts opened on or after 23 August 2021

    Interest rates

    Your balance

    AER %

    Gross %

    Your balance

    £1-£999.99

    AER %

    0.50

    Gross %

    0.50

    Your balance

    £1,000+

    AER %

    0

    Gross %

    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.

  • 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 where you can provide your proof of identity online (UK passport or Biometric Residence Permit card) 

    If we can’t check your identity online, you may need to pop into a Lloyds Bank branch. You don’t need to be accompanied by a parent or guardian, but you’ll need to bring:

    • Proof of identity (such as a passport or full UK birth certificate. Short birth certificates cannot be accepted.)
    • Proof of address (such as a letter from your School/College/Educational Institution)

    Apply for an Under 19 Account online

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

    In branch

    Due to Covid-19 restrictions we’re currently offering a reduced branch service. If you’re 11-12 years old, please visit us in branch with your parent or guardian and proof of identity as shown below and we’ll start an application process with you. If you’re 13-17 years old, please start your application online.

    Book an appointment at your local branch and a member of staff will help you open the account from start to finish. You can also book by calling us on 0345 300 0000 (+44 1733 347 007 from outside the UK). Lines are open 8am – 8pm, seven days a week.
    Not all Telephone Banking services are available 24 hours a day, seven 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:

The application process typically takes about 10 mins

Apply now

Existing customers

Manage your account

Joint accounts

Things you can do online

Report card lost or stolen

Money Manager

Save the Change®

Free banking services

Financial Services Compensation Scheme

FSCS - Protecting your money

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.