There is a selection of accounts and cards for children and young people. Spend some time with your child getting familiar with the issuing criteria of different banks as not all cards can be issued at the same age. Note the different fees and interest rates too and take a look at which extras will suit you the most. Opening an account is a great learning opportunity for your child – after all, it’s about their money.
Once you’ve compared the various offers available and got answers to your questions, accompany your child to the bank; if your child is under 15 years of age, your signature will be required. You should also be with them when they pay with their card and when they withdraw money from the ATM for the first time.