What Do I Need to Open a Bank Account for My Child

Children's Bank Business relationship – BarclayPlus

Simply right if you're eleven to 15 years former

It'south easy to look after your money with our simple, secure bank account with no monthly fees.

Does your parent or guardian banking concern with us?

If they don't bank with us, they'll need to call one of our branches and make an date for y'all to apply. Considering of coronavirus, we've had to temporarily close or alter the opening hours of some of our branches – and then it might take longer than usual to make an appointment, and you might not want to visit united states of america.

Why choose BarclayPlus?

Here's why we retrieve yous, and your parents or guardians, will find BarclayPlus a smashing first banking concern account.

The stuff yous'll like

• Pattern your own carte du jour using your favourite photo
• Cheque your money when you lot're out and almost with our app¹
• Store in store or online if y'all have a contactless debit carte²
• Use Apple Pay to buy things with your phone³
• Information technology's ideal for birthday or Christmas money, and you lot only need £1 to open up an account

What your parents or guardians will similar

• It's a free bank account for kids, with no monthly fees
• In that location'southward no overdraft, and then you can only spend what's in your account
• You lot'll earn interest on your account^iv
• They tin help yous cull between a greenbacks card and a debit card²
• We've adjusted our app so it suits our bank business relationship for children

How to open up a children'south bank account

Your parent or guardian needs to help you lot open a kid's bank account. What they need to practice depends on whether or not they bank with us.

Your parent or guardian banks with us

1.  If they have the Barclays app, your parent or guardian can download the Barclays Video Banking app
2. You lot'll need to be in that location when they make the call, and we'll demand to see your passport. If you don't take a passport, you can apply your birth certificate
3.  If they don't have our app, you'll demand to visit a branch. You'll demand your ID (passport or nascency certificate)
4. Your parent or guardian volition need their Barclays debit bill of fare and Pivot. If they don't have a debit bill of fare, they'll need to bring in proof of their ID (passport, driving licence or UK biometric residency permit)

Your parent or guardian doesn't banking company with us

1. Yous'll need to visit a branch, and bring your ID (passport or birth certificate)
2. Your parent or guardian will need their Barclays debit menu and PIN. If they don't have a debit carte du jour, they'll need to bring in proof of their ID (passport, driving licence or Uk biometric residency allow)

Considering of coronavirus (COVID-19), we've had to temporarily shut or alter the opening hours of some of our branches – and then it might have longer than usual to make an appointment.

Tips for parents and guardians

Education your children good money habits at present volition help them when they're grown up.

• Debit bill of fare or cash card? But yous know if they're ready for the wider spending choices cards give them. Our debit card will let them shop in shop and online, withdraw money from cash machines (if they have the money in their account) and utilise the Barclays app to manage their money. Alternatively, our cash card tin only exist used to withdraw money from cash machines
• Keeping their details safe. Information technology's important that children empathise why they should never share their PIN or app password with anyone. And if they're going to be shopping online, show them how to bank check that websites are secure. Kickoff by checking that the address starts with 'https' or has a padlock symbol in the browser address
• Encourage saving. Saving is an important life skill, but it tin can be difficult for children. Giving them ideas for brusk-term and longer-term savings goals can assist, as well as talking to them about the interest their coin earns when information technology'due south in their account
• Let them make their ain decisions. If you're giving your children some responsibility and independence over their own money, you should allow them choose how they're going to spend it. The consequences of their choices – for example, not having enough for a bigger buy – is an of import part of learning about managing their money
• Be regular with pocket money. If you lot're going to requite your children pocket money, try to exist consistent with the amount and timing of information technology, as this can aid them develop budgeting skills

Banking nuts

If you're not sure what some of the banking words mean, here'south where you tin look them upward. We've got helpful tips for your parents too.⁵

• Here'south a list of the most commonly used cyberbanking words and what they hateful.

  Business relationship number
  A unique number that merely your account has. Information technology's fabricated up of eight digits and no messages, similar 12345678.

  Sort lawmaking
  A six-digit number, with a dash every two numbers, that's unique to the branch where you opened your account.

  PIN
  PIN stands for Personal Identification Number. It'southward a four-digit number that acts like a password for your card, then you should never share it with anyone. You'll need to use it when you're buying something with your card or getting money out of a cash machine.

  Residuum
  The amount of money you lot have in your account.

  Barclays app
  Our app that lets you bank on your smartphone or tablet. You can download it from any app shop.

  Debit card
  A bank menu that lets you pay in shops, online and take out coin from cash machines (if you have the funds in your account).

  Greenbacks card
  A bank card that you tin simply utilize to take money out of cash machines (if y'all take the funds in your business relationship). Y'all won't be able to apply our app with this bill of fare.

  Credit interest
  An amount of money a bank gives you, only for keeping money in your account.

  Security code
  If you're paying online or over the phone, you may be asked for your card'south security code. This is the concluding three digits printed on the signature strip on the back of your card. It's sometimes referred to as the CVV or CVC.
  

How to utilise

Go far touch

If your parent or guardian has a question most our BarclayPlus account, here's how they can get in bear upon with united states.

Already banking company with us?

Telephone call whatsoever time^half-dozen  on 0345 734 5345 , or apply the 'Direct call' push in the app to phone call u.s. and fast-rails through security.

Don't depository financial institution with u.s.a.?

Call 0345 600 4545, Mon to Friday, 8am-6pm, and Sabbatum, 9am-5pm.

At that place'due south more to explore

Important information

1. If you lot're 11 or 12, you'll need permission from your parent to access the Barclays app. They tin do this when you lot first open your account, or by visiting a branch any time.^{Render to reference}
   

2. To get a Barclays Visa debit card, you'll demand your parent'due south permission.^{Return to reference}
   

3. Y'all need to be at least 13 years old to exist able to utilize Apple tree Pay.^{Return to reference}
   

4. Interest is paid gross. Children are entitled to income tax allowances and the Personal Savings Allowance in the same style as adults. If a child is liable to pay tax, any tax due on involvement earned will need to be paid to the appropriate tax potency. For more than information, run into the HMRC website.
   

   If a parent gifts money to a child that produces more than £100 gross interest in a tax year, the income is normally taxed as belonging to the adult.^{Render to reference}

5. For more data almost charges related to this account please come across the Fee Information Document – BarclayPlus Account [PDF, 288KB]^{Return to reference}
   

6. To maintain a quality service, we may monitor and record telephone calls. Calls to 0800 numbers are gratis when calling from a UK landline or personal mobile simply charges may apply when calling from abroad. Calls to 03 numbers use free program minutes if available. Otherwise, they cost the same equally 01/02 prefix calls. Call charges^{Return to reference}

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Source: https://www.barclays.co.uk/current-accounts/childrens-bank-account/

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