16-18 / Youth Current Account

dgp1000

My younger daughter is looking for an account with a proper debit card (i.e. not Electron) to have me pay her pocket money into. There doesn't seem to be a lot of choice, either that or they are not well marketed.

The best bet looks like Santander's 16-18 Youth Bank Account, but I know from my elder daughter's experience their Customer Service isn't the best. Any alternatives welcomed.

Thanks

Lokolo

http://www.hsbc.co.uk/1/2/personal/current-accounts/under-18s

http://www.lloydstsb.com/current_accounts/under_19s_account.asp

book12

Lloyds TSB under 19's account is better.

rb10

dgp1000 wrote: »

My younger daughter is looking for an account with a proper debit card (i.e. not Electron) to have me pay her pocket money into. There doesn't seem to be a lot of choice, either that or they are not well marketed.

Unfortunately, because of the way the debit card system works, no bank will give a 16-18 year old a 'proper' debit card. She will only be able to get either a Visa Electron card, or a restricted Visa Debit card - there is very little between the two.

The Lloyds account linked to above has the advantage of having a high interest rate, but if she's looking to build up savings (i.e. keep them in a separate account, maybe for uni etc), then it might be worth going for:

http://www.halifax.co.uk/bankaccounts/cardcash.asp
with this linked savings account:
http://www.halifax.co.uk/savings/websaverextra.asp

Innocent_Guy

When I was 16/17 I had a CGC from HSBC..... It is possible to get a full debit card....

JacksterD

rb10 wrote: »

Unfortunately, because of the way the debit card system works, no bank will give a 16-18 year old a 'proper' debit card. She will only be able to get either a Visa Electron card, or a restricted Visa Debit card - there is very little between the two.

The Lloyds account linked to above has the advantage of having a high interest rate, but if she's looking to build up savings (i.e. keep them in a separate account, maybe for uni etc), then it might be worth going for:

http://www.halifax.co.uk/bankaccounts/cardcash.asp
with this linked savings account:
http://www.halifax.co.uk/savings/websaverextra.asp

RBS's Revolve account comes with a Visa Debit and surprisingly it seems to work places where my old Bank of Scotland Visa Electron didn't work. For example, my Bank of Scotland Visa Electron didnt work in the ticket machines in train stations, and neither did my Co-Op Visa Debit, but my RBS Visa Debit worked perfectly. Strange.