Children's Bank Account | MyMoney

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Children's Bank Accounts - MyMoney

MyMoney

HSBC MyMoney makes it easy to take good care of your money. If you’re aged from 7 to 17, you can save up for something special with a MySavings account and if you’re 11 or older, you can open your very own MyAccount current account.

Apply for an account

You'll need your parent or guardian when you're ready to apply.

At a glance

Choose the account that suits you best

Pick from our MySavings savings account, our MyAccount current account, or both (which accounts are available depends on how old you are).
Start building good money habits

Having your own bank account is a great way to learn about managing money.

Manage your account the easy way

From the age of 11 you’ll be able to use online, mobile and phone banking to check your balance and send money between your savings account and current account. ¹
Only spend what you have

You can only use the money that’s in your account. So you don’t need to worry about spending more than you have available. ²

Take a closer look

MySavings

A straightforward savings account you can open with as little as £10. You'll earn interest on your savings every month, so you can watch your money grow.

Available for customers aged 7 to 17 years old.

MyAccount

Our current account designed especially for young people. It comes with a contactless Visa debit card, which means you can shop online and in stores. ³ And you can also withdraw up to £100 in cash from any ATM, as long as you have money in your account.

Available for customers aged 11 to 17 years old.

Things you should know

MySavings account withdrawals

If you’re under 11 and want to withdraw or transfer more than £50 you’ll need a parent or guardian's signature.

MySavings moneybox

If you're aged 7-10, you can get a free moneybox when you open your MySavings account. Please note, you'll need to pop in to one of our branches with your parent or guardian to get your moneybox.

How to apply

You can apply for MyMoney if:

you’re 11-17 if you're applying for MyAccount (or 7-17 if you're applying for a MySavings account)
you can provide proof of your identity if your parent or guardian is an HSBC customer
you and your parent or guardian can provide proof of identity and address if your parent or guardian isn't an HSBC customer and you're under 16
you can provide proof of identity and address if your parent or guardian isn't an HSBC customer and you're over 16

If your parent/guardian is a personal HSBC customer

Your parent or guardian can apply for you quickly and easily in minutes online. They will need your valid passport to hand.

We’re busier than usual at the moment, so it may take a little longer to process your application. No need to contact us, though – we’ll be in touch.

Log on and apply This link will open in a new window

Parents and guardians: please make sure your contact details are up-to-date in online banking.

If your parent/guardian isn't a personal HSBC customer

You can apply for MyMoney in-branch. If you're under 16, your parent or guardian must be with you to sign the application.

We’re using our branches to support customers who need us the most during the COVID-19 outbreak. So please only visit a branch if you have a financial need that can’t wait.

MyMoney application form (PDF, 225 kB) Download

Already have a current account?

Find out how to make your current account work harder. Access discounts, overdrafts, and savings accounts with preferential rates. There’s something for everyone.

Get the best from your current account

You might be interested in

MySavings

A straightforward savings account you can open with as little as £10. You'll earn interest on your savings every month, so you can watch your money grow. Available for customers aged 7 to 17 years old.

Student Account

A current account designed for students.

1. Subject to planned maintenance periods. Automated telephone banking service is available 24/7. Back to 'Other account information'

2. Very occasionally, we may have no option but to allow a payment to leave your MyAccount despite a lack of funds. You won’t have to pay any interest or charges if this happens. Back to 'At a glance'

3. If for any reason you or your parent or guardian doesn’t want a Visa debit card, please get in touch with us and we can stop one from being sent to. Back to MyAccount

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Children's Bank Accounts

MyMoney

Apply for an account

At a glance

Take a closer look

MySavings

MyAccount

Things you should know

Other account information

Important account documents

Ways to apply

Already have a current account?

You might be interested in

MySavings

Student Account

Additional information

Customer support