Best bank a/c for child ?

R

redstar

Registered User
Messages
621
Any ideas on the best place to open a childs bank account ? I want to get him into the savings habit.
 
Most of the banks have savings a/c for kids - just log onto their sites to see what offers they have. Also, don't forget the post office & credit unions too.
 
If you search/browse this forum and the Savings & Investments forum you will find many threads dealing with this specific issue of recommended savings/investments accounts/products for children (e.g. Child Benefit).
 
Well our one month old just got his PPSN in the post this morning. However he doesn't have a passport or drivers license yet nor does he pay any of the household bills (sponger!). I presume that a parent/guardian can satisfy the money laundering rules on behalf of a dependent child?
 
We opened a credit union account last year for our now 1 year old. From memory it was our details that were needed for money laundering regulations.
 
You must log in or register to reply here.
Back
Top