Change to a regular current account or stay until University

lr1277

As you say there are ways and means for under 18’s to open a current account, or at least an account to which a salary can be paid in.
I was going on 2 statements made by the OP.
In his first post he said a regular current account. I took that to mean a current account for adults.
in his 2nd post he mentioned FD’s switching bonus. Can accounts for under 18’s be switched to an account that pays a switching bonus? I don’t know so I assumed he meant an adult’s account. Some switching bonuses have conditions like transferring dd’s. Do children’s accounts allow dd’s? I really don’t know.
So from the statements I saw, I took them to mean a regular account for adults which is why I made the comments that I did.
I have said what I wanted to say and I am out now.
OP good luck in your bank account opening journey.

kimwp

https://www.co-operativebank.co.uk/tools-and-guides/current-accounts/can-I-get-a-bank-account-with-poor-credit-history/

Marchitiello

lr1277 said:

As you say there are ways and means for under 18’s to open a current account, or at least an account to which a salary can be paid in.
I was going on 2 statements made by the OP.
In his first post he said a regular current account. I took that to mean a current account for adults.
in his 2nd post he mentioned FD’s switching bonus. Can accounts for under 18’s be switched to an account that pays a switching bonus? I don’t know so I assumed he meant an adult’s account. Some switching bonuses have conditions like transferring dd’s. Do children’s accounts allow dd’s? I really don’t know.
So from the statements I saw, I took them to mean a regular account for adults which is why I made the comments that I did.
I have said what I wanted to say and I am out now.
OP good luck in your bank account opening journey.

Child and young person accounts though are different things. A young person account is virtually a regular adult account without the possibility to have an overdraft. A child account  is similar, but for example you cannot make payments from the app (at least the one my son has). Currently in the UK you can open a free withdrawal saving account in trust for a 7 years old. You can also open child current account from 12yo with Parents consent. At 13 you can open your own child current account without parent consent. 16-17 you can have a young person/young adult current account which possibly cannot be switched through CASS.

It would be interesting to note with regards to overdraft, that a child (12+) with an HSBC MyMoney account, where one of the parents own a Premier account and has authorised this facility, can access up to $2000 emergency funds worldwide in cash just presenting their “recognition card” to any HSBC branch present in that particular country.