Bank account for under 16’s

JackRS · 15 May 2009 at 5:36PM

My daughter, who will 16 in 5 weeks, has just got a Saturday job and has been asked to have a current account to have her wages paid in to. I looked into my current bank (First Direct) but she’d have a £10 a month charge with them. Can anyone recommend a bank account that she can set up which ideally can be accessed on line and provide debit card etc, or are they not available for the under 16’s?

willo65 · 15 May 2009 at 5:40PM

Natwest you have to be 16 for online banking, not sure about the rest. So if she doesn't mind waiting to access online for 5 weeks than thats an option.

book12 · 15 May 2009 at 5:54PM

LTSB under 19's account - http://www.lloydstsb.com/current_accounts/under_19s_account.asp

rb10 · 15 May 2009 at 7:08PM

Most banks will give online access, and a debit card, to a 15 year old. Halifax have a good online banking system, and she will get a Visa Electron card, and HSBC's online banking is reportedly good too.

BruceyBonus · 15 May 2009 at 7:52PM

rb10 wrote: »

HSBC's online banking is reportedly good too.

I'd choose HSBC just for their internet banking, if nothing else. It is very easy to use and works "live", i.e. you see full details about transactions as you would from an ATM/bank counter (unlike some other banks/building societies where the system updates to give the full details overnight). Under 16 account (not sure what it is called these days) gives a Visa debit card.

rb10 · 15 May 2009 at 8:05PM

BruceyBonus wrote: »

I'd choose HSBC just for their internet banking, if nothing else. It is very easy to use and works "live", i.e. you see full details about transactions as you would from an ATM/bank counter (unlike some other banks/building societies where the system updates to give the full details overnight). Under 16 account (not sure what it is called these days) gives a Visa debit card.

Same reasons as why I suggested Halifax, theirs is a 'live' system, and very easy and straightforward to use.

There's very little between the different current accounts for kids at the end of the day. Once she's in a full time job, then she can shop around to find the best for her, as then there are much bigger differences, mainly in terms of the interest rates on adult current accounts.

JackRS · 18 May 2009 at 8:46AM

There's a few interesting ideas there to consider, I appreciate your views.

Bank account for under 16’s

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