Child's bank account with cash card?

Question

Is it possible to open an account for my son which allows him to withdraw his own money via a cash card? He can be trusted, even though he is only 10; in fact he is better with money than me....
I bank with HSBC but they don't seem to do it.

Additional Details

I know HSBC do kids accounts from 11yrs but my son is 10; are there any banks that do it from 10??

Answer 1

Best Answer - Chosen by Asker

Most childrens accounts that come with a cash card are for children aged 11 years and over, but there are a few accounts that are for younger children.

Some of the best ones include:

NatWest - Young Saver
Nationwide BS - Smart
Abbey - Flexible Saver for Kids
Bradford & Bingley - Flexible Saver for Kids
Britannia - Firstsaver

Asker's Rating:

Asker's Comment:

If anyone finds an account for a 10 year old with a cash card that will be great.
Jon

Answer 2

Yes honey you can open a smart account at Nationwide Building Society.
A smart account has a restriction of £100 cash withdrawal per day. However with a smart account you can have either a passbook or card and pin number and use it as a first time bank account.

You will need 2 forms of ID to open the account. If you are customers of Nationwide, you will just need your childs birth certificate, however if you are not, you wll need id for yourself and his birth certificate!

Nationwide are fab - would reccomend them to anyone!

Hope this helps

Source(s):

Ex Nationwide employee

Answer 3

we just opened an account at Lloyds/TSB for my 12 year old daughter. She had had one at HSBC with a cashpoint card for a number of years so I know they do do it. The account at Lloyds/TSB is better though and have given her a proper debit card with a chip. Go back to HSBC and check your facts as I know they do it, both my kids have had one there.

Source(s):

report these people who are advertising rubbish. I have.

Answer 4

normally yes, but usually they're is a withdrawl limit