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Kids bank account
Richardi843
Posts: 11
Forumite
I need a bank or savings account for my son who is 7 so that a company he works for can pay into the account with the account name being his.
I have a couple of Halifax kids saver account's for my kids but when the company puts in the account number & sort code my name comes up as the account name. I have tried to change it but Halifax insist it is the trustee (me) name is the account name not his.
All the accounts I've looked at don't have this facility for his age group, does such an account exist?
I have a couple of Halifax kids saver account's for my kids but when the company puts in the account number & sort code my name comes up as the account name. I have tried to change it but Halifax insist it is the trustee (me) name is the account name not his.
All the accounts I've looked at don't have this facility for his age group, does such an account exist?
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Comments
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Hang on....your son is working at the age of seven?!?!0
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He might be a child actor, or model for a fashion house, not unheard of.OP can you ask other parents what they do?Breast Cancer 100 miles Oct 22 100/100miles
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Diabetic UK 1m steps July 24 to end Sept 24. 1,001,066/ 1,000,000 (20.09.24)
Breast Cancer Now 100 miles 1st May 2025 (18.05.25)
Diabetic UK 1 million steps July 2025 to Sept 25. 1,006,489 / 1,000,000 (10.09.25)
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Diabetic UK 1 million steps July 2026 to Sept 26. 1,002,786 / 1,000,000 (13.09.26)1 -
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Top prepaid cards and bank accounts for under 18s - MSE
A prepaid card seems to be the only option for a 7 y.o.0 -
https://www.hsbc.co.uk/current-accounts/products/children/ You could try the HSBC My Account, which also has a linked savings account with a decent interest rate (up to £3000). My kids both had these and I'm sure it was their name on the paying in slips not mine.MFW since March 2019Mortgage-free 30th June 2023
My Budget and Savings Diary https://forums.moneysavingexpert.com/discussion/6543308/making-a-budget-and-sticking-to-it#latest0 -
I've just double checked a Barclays Children's savings account I'm the trustee of and COP passes with either my name or the child's.Richardi843 said:I need a bank or savings account for my son who is 7 so that a company he works for can pay into the account with the account name being his.
I have a couple of Halifax kids saver account's for my kids but when the company puts in the account number & sort code my name comes up as the account name. I have tried to change it but Halifax insist it is the trustee (me) name is the account name not his.
All the accounts I've looked at don't have this facility for his age group, does such an account exist?
https://www.barclays.co.uk/savings/instant-access/barclays-childrens-savings/
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Santander, Monzo, Starling appear to offer such accounts
https://www.which.co.uk/money/banking/bank-accounts/best-childrens-bank-accounts-aRMaB5Y7IaQO
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