We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bank account safety?
Options
Comments
-
Off topic, but I opened a Midlands Bank account at 5. It turned into a current account at some point and I had it until well into my 20s! (Of course it was HSBC by then)
OP, I think the worry about current accounts is that it’s generally easier to get to the money than if it was in a savings account. As others have said, look at sharia savings accounts to find one that doesn’t pay interest.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
What sort of account is it? I can't believe that you opened a current account when you were 12.
Please clarify your exact safety concerns.
You can certainly open current accounts at age 12, both my kids did so at 11 which is the earliest you can open one.Remember the saying: if it looks too good to be true it almost certainly is.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards