Close family member with history of bankruptcy would like to open an account for my child

18cc

When you say 'bank account' do you mean current account? Just be aware that the person who has control of a current account can put transactions through it …….

xylophone

OP, does your child have a CTF/JISA?

If not, open one.

You can then give the relation the sort code/account number and he can contribute a regular amount within the allowance.

Because of the nature of the account, he can be sure that only the child can be the recipient of the money in the account (except in very sad circumstances) and then not until the age of 18.

https://www.gov.uk/child-trust-funds

https://www.gov.uk/junior-individual-savings-accounts

xylophone

I don't think a "suitable adult" will be allowed to open any account for a child that they are not a legal guardian for.

This appears not to be the case - see links in post 7 above.

And here it is clear that an adult can open an account for a child with parent permission.

https://www.lloydsbank.com/savings/child-saver.asp

To open and manage an account in trust for a child you must be 18 or over, a resident in the UK, and already have a personal current account with us. The child must be 15 or under.

If you aren’t a parent or legal guardian of the child you need their permission to open this account.

System

I agree with those people above who have said open the account yourself, and have the family member pay money into it. I am quite sure that that person has genuinely good intentions, but being a suspicious type, I wonder whether they might be considering "laundering" money through the child's account to avoid any creditors / the tax man.

You describe the person as a close family member, but you say "may have" when you mention bankruptcy. Close family or not, consider how well you really know this person?