In the comparison table below we have summarised the best children's bank accounts on the market right now. There isn't much difference between children's bank accounts so you may want your child to bank with the same provider as you do. It is worth noting, however, that some banks offe...
Bank accounts for kids Bank of Scotland Barclays Halifax HSBC Lloyds Metro Bank Nationwide NatWest Santander A-Z There are two types of spending accounts for children: prepaid cards and children’s current accounts. With a child’s current account, you can set up a standing order instead of...
Best bank accounts for kids in Canada: 2025 Comparison When looking for the best bank account for your child, you’ll want to focus on costs and features. Consider monthly account fees as well as the cost per transaction. Also, consider how your child will access their funds – including ...
Most bank accounts for kids come with robust parental controls so you can still monitor your child’s money management while encouraging them to learn how to manage money. How to Open Bank Accounts for Kids Most bank accounts for kids are a joint account with a parent or guardian. If you ...
If your teen is getting older and doesn’t have a bank account yet, you could consider the TD Student Chequing Account. It’s available until your child turns 23, and longer if they have proof of full-time student status. Like other accounts, there is no monthly fee. The account comes...
If your child is over 13, they can open an RBC Advantage account for students instead. These accounts feature unlimited debit and e-transfers, plus up to $39 off the annual fee of an eligible credit card for students old enough to qualify. Why Your Child Needs a Bank Account We’ve alr...
A junior ISA is a way to save for your child’s future tax-free. ISAs work slightly differently from children’s savings accounts as you have a junior ISA allowance each tax year, limiting how much you can add to the account. For example, for the 2021/22 tax year the limit was £...
Why we chose it:You don’t have to wait until your child is a certain age to open this account. A parent or a legal guardian can open this account for a baby. Grandparents can open one of these accounts when the child turns 12. ...
Bank or Credit Union FAQs Terms Explained Pros and Cons of Student Bank Accounts The pros and cons of any student bank account can vary depending on your needs. With that in mind, here are some benefits of selected student bank accounts that might be a good fit for you. Best for No Ove...
If the child for whom you are opening the account is a minor, you or another adult will need to put your name on the account as well. That makes it ajoint account, since those under 18 are prohibited from holding bank accounts on their own. Besides a parent, other common adults to ...