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Original poster

Bank accounts and bank cards for teenagers - anyone researched this lately?

30 replies

taugenichts · 18/02/2011 15:44

We're looking into our teenage dc having bank cards so they can withdraw money when out and about, up to a daily limit. Last I heard was that Barclays was the best provider for this. The dc are 13 and 17. They need the dosh for getting meals while out etc. Anyone done this recently please?

TIA

OP posts:
grumpypants · 18/02/2011 16:30

dd is 12 and has a card with halifax, which she can also use as a solo type card in New Look!

hocuspontas · 18/02/2011 16:30

My dds have Nationwide smart accounts. I load their accounts (in theory!) with fares and lunch money on Sunday on-line, then when they need it they can go to any hole-in-the-wall to get money out. They have passbook accounts for savings; the card accounts never have more than £20 in them, just incase they get lost or stolen. I have no idea whether the interest rate is any good or whether there are any freebies, but it works perfectly for us.

Ponders · 18/02/2011 16:27

DS2 (17) used to have a Halifax account which he had a card with - he used that until our local branch suddenly closed down, then he opened one with Santander.

I think any of the banks will let your 17-yr-old have a card but maybe not the 13-yr-old (but Halifax def will)

Original poster
taugenichts · 18/02/2011 16:23

Thanks, Dab. (Have you stopped being a dad to become a fish??)

We don't like who we bank with much! And intend to change once we get around to it.

When we tried once before through a building soc we were told they couldn't have cards.

OP posts:
SexyDomesticatedDab · 18/02/2011 16:18

I think most of the banks / BS cater for this now to get them hooked in early.

The MoneySavingExpert site is good and there's a good teenage money education pdf you can download too.

Maybe they could go to who you bank with?

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