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Current Accounts

HSBC MyMoney: Children's Bank Account

With MyMoney you can get a children's bank account and savings account for children aged 7-17.

  • MyMoney is a package of MyAccount and MySavings accounts

  • Get MySavings account from aged 7 years with £10 minimum deposit

  • Interest is paid monthly on your MySavings account

  • Get MyAccount with a Contactless HSBC Visa debit card from the age of 111

Switch your current account in a simple, reliable and stress-free way in only 7 working days.

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Apply for MyMoney Children's Bank Account today:

Check eligibility and how to apply For a MyMoney Children's Bank account

How MyMoney can help you

MyMoney

MyMoney comes in two parts: MySavings and MyAccount, making it easy to start managing savings and spending money for children from ages 7 to 17.

  • We have a savings account from the age of 7, and
  • A current account from the age of 11

Savings account

MySavings is a straightforward savings account if you are aged 7 to 17 and a UK resident. With MySavings you can:

  • Get a free money box when you open your account (ages 7-10)
  • Open an account with as little as £10
  • Earn interest on your savings every month
  • Access your savings at any HSBC counter using your Cash Book

For every withdrawal or transfer over £50, under-11s will need a parent or guardian's signature.

 

Read about MySavings Summary box.

MySavings is a straightforward savings account if you are aged 7 to 17 and a UK resident. If you are over 11 we also have a MyAccount.
 

With MySavings you can:

  • Get a free money box when you open your account (ages 7-10)
  • open an account with as little as £10
  • earn interest on your savings every month
  • access your savings at any HSBC counter using your Cash Book

Under-11s need a parent or guardian's signature to take out or transfer more than £50.

Current Account

MyAccount is a current account for children aged 11-17. It comes with a Contactless HSBC Visa Debit Card1.

HSBC Visa Debit Card

When you're 11, you can get a Contactless HSBC Visa Debit Card for your MyAccount1. Use your card to shop in stores, online or wherever you see the Visa logo. You can also withdraw cash from any ATM up to £100 a day. You could get up to £100 cashback at outlets nationwide when you pay with your HSBC debit card. Pay for goods and services nationwide wherever you see the Visa logo shown on your card.

Find out more on the HSBC Visa Debit Card.

When you're 11, you can get an Contactless HSBC Visa Debit Card for your MyAccount*. Use your card to shop in stores, online or wherever you see the Visa logo. You can also take out money from any ATM up to £100 a day. You could get up to £100 cashback at outlets nationwide when you pay with your HSBC debit card. Pay for goods and services nationwide wherever you see the Visa logo shown on your card. More on the HSBC VISA Debit Card.

Only spend what you have

With MySavings and MyAccount you can only spend what you have in your account. It means you don't have to worry about going over your limit2.

With MySavings and MyAccount you can only spend what you have in your account. It means you don't have to worry about going over your limit*1.

Online banking

From the age of 11, check your balance, see your statements and send money between your current account and savings account. 

Our online banking facilities are subject to planned maintenance periods. More on online banking.

Mobile banking

From the age of 11, you can register for our mobile banking service, to help you manage your money whilst you're on the go. For more information visit our mobile banking page.

You can register for our Mobile Banking service, to help you manage your money whilst your on the go. For more information visit our mobile banking page.

Telephone banking

From the age of 11, manage your money over the phone, wherever you are on 03457 404 404. Lines are open between 8am and 8pm every day (except Christmas Day, Boxing Day and New Year's Day3). Calls are charged at standard network rates and may be recorded. Textphone 0800 028 0126.

You can register for our Mobile Banking service, to help you manage your money whilst your on the go. For more information visit our mobile banking page.

Manage your money over the phone, wherever you are on 03457 404 404. Lines are open between 8am and 8pm every day (except Christmas Day, Boxing Day and New Year's Day*2). Calls are charged at standard network rates and may be recorded. Textphone 0800 028 0126.

Mobile phone top-ups

You can use your debit card to buy pay-as-you-go top-ups at HSBC cash machines, for any of these networks:

  • O2
  • T Mobile
  • Virgin Mobile
  • Orange
  • Tesco Mobile
  • Vodafone
  • Lebara
  • ASDA Mobile
  • H3G (Hutchinson 3G UK)
  • Lycamobile
  • TalkMobile

You can register for our Mobile Banking service, to help you manage your money whilst your on the go. For more information visit our mobile banking page.

Manage your money over the phone, wherever you are on 03457 404 404. Lines are open between 8am and 8pm every day (except Christmas Day, Boxing Day and New Year's Day*2). Calls are charged at standard network rates and may be recorded. Textphone 0800 028 0126.

 

1 if for any reason you or your parent or guardian does not want a Visa debit card, then please get in touch with us and we can stop one from being sent out to you.

2 Very occasionally we may have no option but to allow a payment, despite a lack of funds, to leave your MyAccount. If you're aware this has happened, please contact us.

3 Subject to planned maintenance periods. Automated telephone banking service is available 24/7.

Our telephone, online and mobile banking services are open 24 hours a day subject to scheduled maintenance periods. During busy periods calls may be transferred outside the UK. Textphone is not available in the Channel Islands and Isle of Man. To help us continually improve our service, and in the interests of security, we may monitor and/or record your calls with us. 

 

More details 

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SchoolBank 

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Apply for MyMoney Children's Bank Account

Are you eligible? 

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Apply in branch

HSBC Current Account customers can book an appointment to apply in branch by calling 03457 404 404.

From outside the UK +44 1226 261 010. 

What to bring

Download the application form (PDF), fill it in and bring it along to your nearest branch.

You'll also need to take identification and proof of your address  – if your parent or guardian also banks with HSBC, we just need to take your identification. If your parent or guardian doesn't bank with HSBC, they'll need to take a copy of identification and proof of address too.

For a full list of types of identification accepted, read
Help us Identify you (PDF).

Your parent or legal guardian also needs to be present at the time of application.

Things you should know