Children's Bank Account

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

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.

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

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.

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.

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.

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.

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 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
  

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. 

A SchoolBank is a mini HSBC branch in your school. It's set up and managed by kids, for kids, with support and guidance of local branch employees. HSBC branch employees interview pupils for the different branch roles, train them and then support the running of SchoolBank.

SchoolBank makes financial education fun, whilst also teaching pupils how to manage their own small business.

SchoolBanks need cashiers, sales advisors, marketing managers, branch managers, audit controllers and floorwalkers - all school pupils.

Your job could involve:

• Opening accounts
• Help pupils pay money into their account
• Help answer customer enquiries
• Organising the other staff
• Planning and designing ad campaigns

Working at a SchoolBank proves that you're responsible and independent, so it's ideal work experience. You'll also pick up a lot of real-world financial knowledge.

In return you will receive a Certificate & Statement of Achievement for your participation as SchoolBank employees, which will enhance your National Record of Achievement.

SchoolBank offers a different take on financial education, suitable for 7-11s (Key stage 2).

By running their own bank branch, children learn about:

• Personal finance
• The responsibilities of cash management
• How to manage their own project

If you're interested in setting up a SchoolBank, just visit your local HSBC branch. We'll explain the details and see if it can work for your school.