Bank account/s for 17 year old

Dorastar

Paid some Christmas money into kids' savings accounts this morning and asked about a cash card for 17 year old. Long conversation later and assistant says she can't have the existing account any more and we should have closed it, despite us contacting them on her birthday especially as she's got a part time job and her wages go directly into this account!
She's a saver mostly but wants to start spending a bit of her wages etc so not really sure what to do atm. She has nearly £2k saved so doesn't want it all in a current account but if she had it in an ISA she turns 18 in 9 months so not sure if she'd get the benefit from it. Have looked on here and more confused than ever. Any wisdom greatly appreciated.

xylophone

https://www.tsb.co.uk/current-accounts/under-19s-bank-accounts/

Might do and she'd earn a bit of interest.

Dorastar

xylophone wrote: »

https://www.tsb.co.uk/current-accounts/under-19s-bank-accounts/

Might do and she'd earn a bit of interest.

Had a look at that one, only trouble is that we don't have a branch locally. The Santander mini 123 is similar, she doesn't really want all her money in the one place which is why it feels more complex I guess.

Katiehound

Why do you need a local branch?

I'm assuming to pay money in.
A trawl lower down this forum shows that TSB have a paying in deal with the PO.

Getting money out is simple with a debit card at pretty much any machine or bank, or of course spending directly with contactless or card.(I am assuming that she would be entitled to a card, maybe wrongly!)

touch*my*food*feel*myfork

my son has a nationwide flexone current account (for 11-17yr olds) and card and could then benefit from there savings account at 5% - he has had it for around 18 months and will turn 18 next month but has been told he can keep it till 23

eDicky

touch*my*food*feel*myfork wrote: »

my son has a nationwide flexone current account (for 11-17yr olds) and card and could then benefit from there savings account at 5% - he has had it for around 18 months and will turn 18 next month but has been told he can keep it till 23

This is what I was going to suggest, for the same reasons, plus the debit card has no non-sterling fees or exchange rate loading for use on overseas trips or foreign website purchases.

https://www.nationwide.co.uk/products/current-accounts/flexone/whats-flexone

colsten

https://www.moneysavingexpert.com/banking/cards-for-under-18s/#kidsbanks

Dorastar

touch*my*food*feel*myfork wrote: »

my son has a nationwide flexone current account (for 11-17yr olds) and card and could then benefit from there savings account at 5% - he has had it for around 18 months and will turn 18 next month but has been told he can keep it till 23

That sounds great as she use both then, thanks

Dorastar

Katiehound wrote: »

Why do you need a local branch?

I'm assuming to pay money in.
A trawl lower down this forum shows that TSB have a paying in deal with the PO.

Getting money out is simple with a debit card at pretty much any machine or bank, or of course spending directly with contactless or card.(I am assuming that she would be entitled to a card, maybe wrongly!)

She would want to pay in when she's in town and there isn't a branch there. She could go to the Post Office in town but it doesn't have great opening hours so she could only go on a Saturday morning and it's generally stupidly busy as most local ones have been closed down now.

Dorastar

eDicky wrote: »

This is what I was going to suggest, for the same reasons, plus the debit card has no non-sterling fees or exchange rate loading for use on overseas trips or foreign website purchases.

https://www.nationwide.co.uk/products/current-accounts/flexone/whats-flexone

Sounds fab, especially as she has some foreign travel planned in the next 12 months!