Choosing a bank account for your child

Children can usually open a current account from around the age of 11. Operating a bank account helps children get used to the world of money, understand how interest works and appreciate the importance of budgeting.

Features and benefits of youth current accounts

When a child is under 16 years old, a parent or guardian are required to be with them to open the account or to apply for additional services.

Debit and cash cards

A youth current account may come with a contactless Visa debit card to make purchases online or in stores, or a Cashpoint® card can be requested, allowing children to withdraw money from a cash machine. 

For under-16s, parental consent is needed to register for, and access, Internet Banking and the Mobile Banking app.  

Everyday use of the account

Youth accounts don’t offer arranged overdrafts. This means that your child can only spend the money that is in their account.

The Mobile Banking app will allow your child to check the money in their account and get balance notifications.

Remember from the age of 18, youth accounts are typically transferred (along with the account balance) to an adult current account, unless otherwise instructed.

Credit interest and savings accounts

Your child can earn interest in current accounts or through a savings account. 

Our instant access Child Saver is a variable interest account that can be opened by an adult to save for a child aged 15 or under.

Or, you can open a Junior Cash ISA to make long-term, tax-free savings for a child under 18, which they can access when they turn 18.

Youth and student accounts

Compare our full range of spending and savings accounts for children and students.

Smart Start

Our spending and savings account for 11 to 15 year olds.

  • Contactless debit card.
  • Mobile Banking app.
  • Parental oversight of account.
Smart Start

Under 19s Account

Everyday banking allowing children and teens to make the most of their money.

  • Contactless debit card.
  • Mobile Banking app.
  • Credit Interest.
Under 19s account

Student Account

An account that helps keep on top of your finances so you can focus on your studies.

  • Contactless debit card.
  • Mobile Banking app.
  • Overdraft facility available.

Arranged overdrafts are subject to application and approval and repayable on demand.

Student Account

Related content

Teaching children about money

Helping young people develop good financial habits from an early age.

Talking to children about money

Help children understand how money works and develop the skills they need.

How can I save for my child’s future?

There are many different ways to contribute to a child’s financial future.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).