Santander 123 Mini Current Account
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
3% AER
(£300 to £2,000)
Flexible and adaptable banking, in a safe and controlled way. The 123 Mini Current Account is designed to provide a safe environment to learn money management and take the first steps towards financial responsibility for those aged between 11 and 18.
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
The Co-operative Bank Current Account
Eligibility
16 years+
Card Type
Visa Debit Card
Headline Interest
0% AER
£100 cash-back when you switch using The Co-operative Bank switching service & pay in £800 a month (they'll also donate £25 to charity). T&Cs apply for the £100 offer. Visit providers website for full details.
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged 18.9% EAR (variable).
Bank of Ireland Student Account (11-19)
Eligibility
11 years to 19 years
Card Type
Maestro Debit Card
Headline Interest
0.1% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Bank of Scotland Under 19s Account
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
2.5% AER
(£1 to £2,500)
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Barclays BarclayPlus
Eligibility
11 years to 15 years
Card Type
Visa Debit Card
Headline Interest
0.75% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Danske Bank Danske Discovery (11-17 yrs)
Eligibility
11 years to 17 years
Card Type
MasterCard Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Halifax Expresscash
Eligibility
11 years to 15 years
Card Type
Visa Debit Card
Headline Interest
1.51% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
HSBC MyAccount
Eligibility
11 years to 17 years
Card Type
Visa Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Lloyds Bank Under 19s Account
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
2.5% AER
(£1 to £2,500)
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Metro Bank Cash Account
Eligibility
11 years+
Card Type
MasterCard Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Nationwide FlexOne
Eligibility
11 years to 17 years
Card Type
Visa Debit Card
Headline Interest
1% AER
(£1 to £1,000)
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
NatWest Adapt
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
1% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
RBS Revolve
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
0.55% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
TSB Under 19s Account
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
2.5% AER
(£1 to £2,500)
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Ulster Bank Adapt Account 11-18 Year Olds
Eligibility
11 years to 18 years
Card Type
Visa Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Cumberland Day2Day (13-23)
Eligibility
13 years to 23 years
Card Type
Visa Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Bank of Ireland Basic Cash Account
Eligibility
16 years+
Card Type
Maestro Cash Card only
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Barclays Young Person's Account
Eligibility
16 years to 19 years
Card Type
Visa Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).
Clydesdale Bank Current Account Plus
Eligibility
16 years+
Card Type
MasterCard Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged 18.85% EAR (variable) + £6 per month.
Clydesdale Bank Readycash Account
Eligibility
16 years+
Card Type
Maestro Debit Card
Headline Interest
0% AER
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged EAR (variable).

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How to Find the Best Bank Account for Teenagers

by Martin from money.co.uk

Finding the best bank account for teenagers can be just as tricky as choosing an account when you're a fully fledged adult. Here's how to compare bank accounts for teenagers and find the best account on the market.

Childs Feet In Big Shoes

Choosing a bank account for teenagers is similar in many ways to picking an adult account but with some important difference. We look at how to compare teenage bank accounts so find the right account.

What is a teenage bank account?

A teenagers current account offers many of the same features as a standard adult current account, with most accounts for teenagers offering everything necessary for young people looking to begin managing their own day to day finances.

Like a standard current account most teenage bank accounts come with a bank card as well as providing instant access to your money in branch, online and over the phone.

The main difference between a bank account for teenagers and an adult account is that there is no overdraft facility, meaning under 18s can't spend more money than they have as cleared cash in their account.

How to find the best teenagers bank account

Most major high street banks now offer a under 18 bank account so there is more choice than ever before if you're a teenager looking for a home for your finances.

To find the best current accounts for teenagers you need to first think of what you, or your son or daughter, need from their account.

Most under 18 bank account providers are now offering online banking for teenagers, which gives you an easy way to check your account balance and manage your money online or on the go. This can be a great tool for keeping an eye on what you're spending and how much money you've got left in your account.

Equally many of the best banks for teenagers accounts automatically come with a Visa or MasterCard debit card. This can be something particularly worth looking for as a debit card account for teenagers means you'll be able to spend your money both in shops and online, which adds convenience to the account and prepares your teenager for having an adult card where these facilities are imperative.

As well as the facilities on offer, picking the best bank in the UK for teenagers can depend on what they offer in terms of interest and rewards.

The major high street banks know that offering extra perks and benefits to their account for teenagers can mean they get customers early on that keep on banking with them when they are an adult.

As a result the battle to be the best bank in the UK for teenagers means that there's often a selection of freebies and attractive interest rates on offer when you open an account.

Weigh up whether you need any of these extras and whether the account offering them gives you everything you are looking for before you make your choice.

Don't be fooled by an account that gives you a free reward but a poor interest rate compared to a bank that offers no benefits but gives a much better interest rate. In the long run the interest will probably be the most valuable reward! Once you know what you want from a teenagers current account you can compare account details as well as the benefits they offer using our teenage bank account comparison table.