Under 18 account

TechDudeGeorge

Right, I'm 14 and am thinking about joining one of those under 18 bank accounts where you get your own debit card so I can store my money and buy stuff online but not sure which to pick.

My friend has HSBC and it looks easy to manage, but I don't know if you can transfer money to other bank accounts as my parent are Natwest so could they transfer money to my account and back?

I have also seen Natwest adapt, but it only gives very little info. Like how do I deposit money as it says online banking is 16+ only.

Thanks.

opinions4u

Halifax do online banking for 14 year olds.

Expresscash is the account that does what you would like and you can transfer funds to other banks. Sometimes via Faster Payments (same day) and sometimes via BACS (3 working days).

1.51% AER. Can easily link it to a Web Saver Reward savings account paying 2.80%.

Can pay in over the counter or via the IDM machines found in most branches.

TechDudeGeorge

Would you know the interest? I'm trying to find the best rate one, with a debit card that'll be able to withdraw and use online.
Is transferring money the only way I can put money in?

MoneySaverLog

2.5% AER for up to £2,500 - Current account with Lloyds, comes with a debit card and faster payments in and out of the account. You can pay in at the branch with your debit card.

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

TechDudeGeorge

So can my parent's transfer money easily online from theirs to mine? Also can they drop in the bank and put money on my account, if so what would they need.

I can't decide between Lloyds TSB and Natwest (Both parent's with Natwest)

MoneySaverLog

Yes Faster Payments can be made online from Natwest to Lloyds TSB and from Lloyds TSB to Natwest. Money can be paid in over the counter to your bank, all your parents need to know is your account number and sort code.