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  • FIRST POST
    • JackRS
    • By JackRS 15th May 09, 5:36 PM
    • 1,046Posts
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    JackRS
    Bank account for under 16s
    • #1
    • 15th May 09, 5:36 PM
    Bank account for under 16s 15th May 09 at 5:36 PM
    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 shed 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 16s?
Page 1
    • willo65
    • By willo65 15th May 09, 5:40 PM
    • 1,001 Posts
    • 348 Thanks
    willo65
    • #2
    • 15th May 09, 5:40 PM
    • #2
    • 15th May 09, 5:40 PM
    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
    • By book12 15th May 09, 5:54 PM
    • 2,533 Posts
    • 555 Thanks
    book12
    • #3
    • 15th May 09, 5:54 PM
    • #3
    • 15th May 09, 5:54 PM
    LTSB under 19's account - http://www.lloydstsb.com/current_accounts/under_19s_account.asp
  • rb10
    • #4
    • 15th May 09, 7:08 PM
    • #4
    • 15th May 09, 7:08 PM
    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
    • #5
    • 15th May 09, 7:52 PM
    • #5
    • 15th May 09, 7:52 PM
    HSBC's online banking is reportedly good too.
    Originally posted by rb10
    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
    • #6
    • 15th May 09, 8:05 PM
    • #6
    • 15th May 09, 8:05 PM
    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.
    Originally posted by BruceyBonus
    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
    • By JackRS 18th May 09, 8:46 AM
    • 1,046 Posts
    • 2,219 Thanks
    JackRS
    • #7
    • 18th May 09, 8:46 AM
    Thanks people
    • #7
    • 18th May 09, 8:46 AM
    There's a few interesting ideas there to consider, I appreciate your views.
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