bank accounts for teenagers

[traceyinrosso]

can folks recommend a bank account for 15yr old with a card to use cash machine but which cannot be overdrawn etc

ds(17) has account with santander (abbey national)

DS1 13 has a basic Barclays account.

Nat West do one too.

Mine had one with Halifax till he turned 18. He's now with Co-op bank and they do a teen account too.

Thanks do these include a cash card ?

DS1 has a cash card just for taking money out the cash machine.

DDs have a Natwest Addapt account/card - it's for 10-18 yr olds iirc.
The card can be used everywhere but not overdrawn, and they can design their own card to personalise it a bit and all that

Mine had an electron card, which he could use as a cash or debit card, but he couldn't go overdrawn.

DS uses HSBC. He uses a cash card, makes internet transfers to us if needed and pays for his mobile top ups via online banking too.

DD had the same account and they upgrade it automatically to adult or student status when they reach 18.

DS did loads of research on this and came up with Lloyds as the best interest wise at the moment - we opened it last week and they have been quick and efficient so far. He has a debit card - you choose whether a cash machine card or a debit one - and can't go overdrawn; they also upgrade at 18. Look at how much he is putting in/likely to accumulate - some of the other high street ones we looked at seem really attractive interest wise but drop the rate much earlier (a couple of hundred in one case compared to a few thousand)