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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
3 weeks ago
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Leannexxx

You can open account with NatWest for teens

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gemlou204

Leannexxx Is that called 'Rooster'?

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Leannexxx

gemlou204 yes it is my friend opened one for her daughter

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gemlou204

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

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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

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gemlou204

dimplesz Thank you

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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 😜!

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kirns140

Hsbc do accounts for children 14+

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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.

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gemlou204

LHP118 Thank you

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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!

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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.

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gemlou204

PhilipMarc Thank you

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martinlufc5637

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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