Kids Bank Account Options?
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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 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
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 !
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.
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.
Remember when we were kids and we had a physical bank book, those days are done unfortunately, we use Santander for our kids
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