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Banking for Teenagers

~FlowerPot~
Posts: 1,620 Forumite

My daughter would like a bank account with a mobile app which also allows her to have a savings account (easy access) so she can move check then and move between them easily.
Does anyones children have this? , looking for recommendations. I have a Ch@se account but in the UK it didn't seem to have accounts for. Children, not that I've found anyway.
Does anyones children have this? , looking for recommendations. I have a Ch@se account but in the UK it didn't seem to have accounts for. Children, not that I've found anyway.
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Comments
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What about Starling? You'll need to open an account yourself but will be able to see everything she does. She can have kite spaces to keep her money in different places.
https://www.starlingbank.com/current-account/kite-debit-card-for-kids/1 -
My teens have both got Nationwide accounts, as a mutual bank they get £100 once a year from Nationwide....you need to have an account for around a year to qualify...but they have had about £300 to date. They also have good savings accounts for kids paying a good amount. Its also a good account ready for Uni!1
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If you haven't already done so, have the money mule conversation with them.There are many examples on these boards of teenages being exploited as money mules.5
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I've opened Nationwide for all of my children. You have to go into a branch to open but it can then be used on app.
They then got Starling Kite but didn't enjoy it and changed back to Nationwide.
Once they are 16 they can open their own Starling account.1 -
Halifax have their money smart account too:
https://www.halifax.co.uk/bankaccounts/youth-student-accounts/money-smart.html1 -
~FlowerPot~ said:My daughter would like a bank account with a mobile app which also allows her to have a savings account (easy access) so she can move check then and move between them easily.
Does anyones children have this? , looking for recommendations.
https://www.hsbc.co.uk/current-accounts/products/children/
https://www.natwest.com/current-accounts/childrens-accounts/adapt_account.html1
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