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Bank account for 13 year old

(8 Posts)
blondebird69 Tue 12-Aug-14 19:55:13

I would like to open a bank account for my 13 year old DS. He spends money like it is going out of fashion but would like an account where he would have a bank account, a set limit he can withdraw and I can put his pocket money in every month. Can anyone recommend one?

saadia Tue 12-Aug-14 20:00:19

The easiest way would be to open an account with the same bank that you have an account with. I opened one for ds2 at a bank where I don't have an account and it took forever to set up, hour long meeting and all manner of paperwork.

ilovepowerhoop Tue 12-Aug-14 20:03:31

most banks have child accounts with a debit card for that age group. I would get it at the same bank as you have an account as pp said

dementedma Tue 12-Aug-14 20:58:05

We just set up an account at the local bank for Ds 12.He is very excited. He carefully used his new card to remove his £20 and then went into the bank to practice paying it back in!

ThePartyArtist Wed 13-Aug-14 14:25:33

Have a look at Osper which is designed for this age group and to practice financial responsibility in a manageable way

Abilly72 Thu 21-Aug-14 17:08:52

If he spends money like it is going out of fashion -ie reckless and stupid -simple....stop giving him money

Dancergirl Sun 24-Aug-14 00:18:59

I've just opened Lloyd's bank accounts for my 2 dds aged 13 and 11. It pays 2% which isn't bad. They get a debit/cash point card and I pay their monthly allowance directly in.

EveryThingIsImpossible Wed 10-Sep-14 22:22:38

My DS (12) has a NatWest Adapt & First Saver. 1% (bit dodge but there u go) mobile banking transfers etc
Set up like standard customer

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