If you are a teenager you can open a bank account, but you usually have to find one designed for people your age.

Most standard bank accounts only accept people over 18, but if your looking for bank accounts for 16-year-old, you do have options.

If you are 18 and over, you can get most bank accounts for adults. Here is how to work out what kind of bank account you should choose and where to find one.

How old do you have to be to open a bank account?

Most banks will offer a children's bank account product for children over 11 years old. Some bank accounts cater specifically to older teenagers, so will have a higher minimum age such as 16.

Can your parents use your account?

Most banks only let you run the account yourself, but your parents or guardian can help you pay money into your account.

What features can you get with a bank accounts for 16-year-old?

You get most of the features that come with adult bank accounts, so you can:

  • Receive money into the account, including your wages, bank transfers from other people, cheques and cash

  • Pay by debit card in person, online or by phone, or use it to make a withdrawal at a cash machine

  • Set up automatic payments like direct debits and standing orders to cover bills like your mobile phone

  • Manage your account online through your bank's website or mobile app to check your statements or send a payment to a person or company

However, these accounts do not offer an overdraft because you have to be 18 years old or more to borrow money through your bank account.

How to choose a bank account for a 16 years old

Choose an account that has the features you need. This will likely include a debit card, internet banking and a branch near your home where you can withdraw or pay in money. It is important to check the age limits and the balance restrictions for each account too.

  1. Compare accounts that accept people your age using this comparison

  2. Check which accounts offer the features you need like internet banking or a debit card

  3. If several are suitable, look into what benefits they offer and apply for the best account

Can I get into debt?

If you are under 16 years old you cannot get an overdraft facility on your account. If there is not enough money in the account, then any payments will usually be declined. If a payment were to go through that reduces the account balance to below zero, your bank should not charge any interest or fees.

Other auctions may incur fees, such as using your card abroad

Most children's accounts feature a withdrawal limit, such as 100 per day.

Teenagers' bank accounts FAQs


Can I get an overdraft?


No, you can only get one if you are over 18. You could switch to an adult bank account when you turn 18 if you will need an overdraft.


How many current accounts can I have?


You could open more than one, but most banks only let you hold one current account with them.


Can I get interest on my current account?


Yes, some bank accounts pay interest when you have money in them. Here is how interest works.


Can I get a debit card with my account?


Yes, with most accounts, but some only come with a card you can use in cash machines. This comparison shows what type comes with each account.


Can younger children get an account?


Yes, most banks offer current accounts to children over 11, but some set a minimum age of 16.

About our current accounts comparison


Who do we include in this comparison?


We include every personal current account in the UK that can be opened by someone aged 18 or under. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Last updated: 14 January 2021