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Bank account for 15 year old son

MisterNick
MisterNick Posts: 1,303 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Budgeting & bank accounts
My son,. is 15 an has a Nationwide Smart account with a Smart card and a separate passbook account
He also has a Halifax Save 4 It.

He wants a debit card and a few of his friends have Nat West debit cards.

Do you think he can do better than NW?

Comments

  • techno_geek
    techno_geek Posts: 419 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Try the Lloyds TSB Under-19s account - it offers a Visa Debit card, cheque book etc...
    I can recommend it!!
  • MisterNick
    MisterNick Posts: 1,303 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    techno_geek wrote: »
    Try the Lloyds TSB Under-19s account - it offers a Visa Debit card, cheque book etc...
    I can recommend it!!

    Thanks Techno.
    We have a Lloyds TSB and Nat West in town so we can pop down there later.
    What sort of things should he be looking for, e.g interest rtaes etc.
  • tarajayne
    tarajayne Posts: 7,081 Forumite
    Lloyds only give a cashcard to under 16's, it cannot be used in shops.
    Too many children, too little time!!!
    :p
  • techno_geek
    techno_geek Posts: 419 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    tarajayne wrote: »
    Lloyds only give a cashcard to under 16's, it cannot be used in shops.
    True, but he'll get a visa debit card as soon as he turns 16 - and the account pays more interest than Natwest.
    He could open accounts at both banks, use his Natwest card for the time being, and then switch to Lloyds?
  • tarajayne
    tarajayne Posts: 7,081 Forumite
    Always a good idea to have more than 1 anyway, and much easier to open at his age!
    Too many children, too little time!!!
    :p
  • techno_geek
    techno_geek Posts: 419 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    tarajayne wrote: »
    Always a good idea to have more than 1 anyway, and much easier to open at his age!
    Yep! I made sure I had accounts at most banks before I was 18 - I'm on the lookout for the best customer service, because when I graduate and start working I'll want to simplify my finances and stick with the bank that's done the most for me! At the moment, First Direct and Nationwide are looking like the favourites...
  • Kilty_2
    Kilty_2 Posts: 5,818 Forumite
    BTW - Lloyds don't always automatically send out the debit card when you turn 16, I know several people who still have a cashpoint card. :)

    I think some people need to ask for it.
This discussion has been closed.
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