Are there bank accounts for 8/9 year olds?

evosy1978 · 19 November 2018 at 9:59PM

Hi guys

Are there any bank accounts other than the |HSBC my money account for young kids?

I'm drawing a blank,.

thanks

Stephenmac · 19 November 2018 at 10:35PM

Hi. I know Santander do one, 123 Mini.

I still have my Bank of Scotland Super Squirell plastic bank, they used to throw things at children to open accounts.

Hope you find something suitable.

colsten · 19 November 2018 at 11:58PM

One or two. Most start at 11. For under 11s, prepaid cards are possibly a better choice https://www.moneysavingexpert.com/banking/cards-for-under-18s/

colsten · 20 November 2018 at 12:01AM

Stephenmac wrote: »

Hi. I know Santander do one, 123 Mini.

Minimum age 11
https://www.santander.co.uk/info/sites/default/files/123-mini-Key-Facts-Document_March17.pdf

Breadcake · 20 November 2018 at 11:50AM

colsten wrote: »

Minimum age 11
https://www.santander.co.uk/info/sites/default/files/123-mini-Key-Facts-Document_March17.pdf

I was able to open a '123 mini account (in trust)' in branch for a newborn where I became the trustee of the account (it appears on my online banking but does not include a card).

OP: Does it have to be an account with a debit card? It's this criteria that seems to be restricted to 11+

There's the following but they aren't free: GoHenry, Nimbl, Osper

EarthBoy · 20 November 2018 at 1:43PM

Nationwide have the FlexOne account for young people, but the minimum age is 11, same as Santander.

Are there bank accounts for 8/9 year olds?

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