1. Chat

Kids Bank Account Options?

Ask a Question

What do you use to help your child with more freedom etc with banking? I tried GoHenry but found it wasn't worth the price

gemlou204
9 months ago
What do you think of this?+20 points
Advertisement
Leannexxx

You can open account with NatWest for teens

Like
Reply1
gemlou204

Leannexxx Is that called 'Rooster'?

Like
Reply
Leannexxx

gemlou204 yes it is my friend opened one for her daughter

Like
Reply
gemlou204

Leannexxx I've heard of that, I'll look into it thank you

Like
Reply1
dimplesz

gemlou204 I ordered GoHenry cards years ago when it first came out, read through the information about monthly fees! I know we’re trying to get kids to understand money, didn’t realise that included teaching them interest lol. I’m in Scotland , my kids school do a Credit Union, they can put money into it and take out , with patents permission 😊xxx

Like
Reply1
gemlou204

dimplesz Thank you

Like
Reply
LHP118

dimplesz Yes, the GoHenry monthly fees put me off. Against the free Nationwide account for 11+, it was quickly discounted.

I can see where the Credit Union would be a good option - my child is a saver. Purchases video games occasionally, but has the right attitude to come shopping with a parent so we pick up the bills 😜!

Like
Reply
kirns140

Hsbc do accounts for children 14+

Like
Reply1
LHP118

Nationwide for 11+, with a debit card. Best decision for our 11 y.o. Now, of course everyone's jumped to provide different options and incentives.

Like
Reply1
gemlou204

LHP118 Thank you

Like
Reply
LHP118

gemlou204 I also recall my 11 y.o. being really excited because they were 'interviewed' (at the time via a videoconcall from bank premises) to set up the account. They felt very grown up and important. That set the tone and they have saved most of their pocket money since then!

Like
Reply1
PhilipMarc

Starling Bank offers a kids account.

www.starlingbank.com/current-account/kite-debit-card-for-kids/

Thing is, Starling is an app-bank so requires to use a smartphone to access it. Other than that, I really like Starling Bank and it's very useful.

Like
Reply3
gemlou204

PhilipMarc Thank you

Like
Reply
martinlufc5637

Remember when we were kids and we had a physical bank book, those days are done unfortunately, we use Santander for our kids

Like
Reply1
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Tom Church
Co-Founder &
Chief Bargain Hunter
Tom Church, Co-Founder
Want deals & discounts automatically?
+100 bonus points!
Latest Deals Browser Extension
Latest Deals Mobile App
  • Download our app
  • 1,000+ new deals every day
  • Earn free Amazon vouchers
  • Daily deal alerts - never miss the best offers!
  • Download the Latest Deals iOS AppDownload the Latest Deals Android App
Latest Deals
Disclaimer

The content on Latest Deals is a combination of information submitted by members of the public and the Latest Deals team. Whilst we make every effort to try and ensure genuine, accurate content we cannot guarantee it. Please always carry out your own due diligence and double check the details of an offer on the retailer's own website.

How this site works
  • To cover the site's running costs, Latest Deals uses affiliate links.
  • If you click on a link to an external website and make a purchase, Latest Deals may earn a commission.
  • We allow deals to be shared on Latest Deals irrelevant of whether or not they generate us money. Our #1 concern is helping you save money.
  • If you have any questions about how the site works, drop us a message. We're always happy to help.
Copyright © 2024 Latest Deals Limited
Registered in England and Wales. Company number 10286141. 124 City Road, London, England, EC1V 2NX