Childrens Bank Account | Current Accounts

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Children's Bank Account

Current Accounts

HSBC MyMoney: Children's Bank Account

With MyMoney you can get a children's bank account and savings account as well as debit cards 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.

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 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.

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 move 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.

¹if 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.

²Very occasionally we may have no option but to allow a payment for more money than is in your MyAccount. If you are aware this has happened, please contact us.

³Subject 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.

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

Find out 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 move 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

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.

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.

¹if 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.

²Very occasionally we may have no option but to allow a payment for more money than is in your MyAccount. If you are aware this has happened, please contact us.

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

What is a SchoolBank?

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.

Jobs in your SchoolBank

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

Work experience

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.

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.

Information for teachers and parents

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.

Apply for MyMoney Children's Bank Account

Please ensure you can answer YES to the following questions:

Are you aged between 7 and 17 years old and a UK resident?
Can you provide proof of your identity and address (PDF)? (if your parents already bank with us you don't need to provide proof of address)

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

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.

Find a branch This link will open in a new window

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 (PDF) – 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.