Compare bank accounts for teenagers

Find the best bank account for teens that will help you become more independent with your money. You could bank online, withdraw cash, pay for things by card and even earn interest.

7 results found, sorted by youngest minimum age. How we order our comparisons.
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Santander 123 Mini Current Account
Eligibility
13 years to 17 years
Interest rate
Up to 3% AER (on up to £2,000)
Account fee & requirements
No monthly fee
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 13 and 18.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£11%1%1%1%
£1,0001.98%1.98%2%2%
£1,5002.96%2.96%3%3%
£2,0010%0%0%0%
Eligibility
Maximum Age17 years
Maximum Investment£2,000,000
Minimum Age13 years
Permanent UK Resident
Switch to Santander and receive £130. T&Cs apply.
Santander Everyday Current Account
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
No monthly fee
£130 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum Investment£2,000,000
Minimum Age18 years
Permanent UK Resident
Barclays Bank Account
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
No monthly fee
A bank account with a contactless debit card. Track your spending and manage your accounts and payments easily using the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply.
Overdraft interest is waived on balances within the £15 buffer.
Representative Example: If you use an arranged overdraft of £1,200, you will be charged 35.0% EAR (variable). Representative APR: 35.0% (variable). Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
TSB Spend & Save
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
No monthly fee
Earn up to £30 cashback - £5 per month for 6 months, making 30 debit card payments per calendar month (direct debits/withdrawals excluded)*. Saving Pots, Save the Pennies and Auto Balancer features.
UK residents only, 18+.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.9% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Receive £100 for switching. T&Cs apply.
First Direct 1st Account
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
No monthly fee
To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening.  New customers only that have not opened a HSBC account on or after 1 Jan 2018.
Representative Example: £250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 30.5%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
TSB Spend & Save Plus
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
£3 per month
Earn up to £60 cashback annually: £5 per month, ongoing with 30 debit card payments per calendar month on opening a new Spend & Save Plus account or changing an existing TSB account. Interest-free overdraft up to £100.
UK residents only, 18+.
Representative Example: £100 interest and fee free overdraft, subject to financial status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 40.1%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Santander 123 Student Current Account
Eligibility
18 years+
Interest rate
0% AER
Account fee & requirements
-
Get a free 16-25 Railcard. T&Cs apply.
Representative Example: This account gives you an arranged overdraft of up to £1,500 interest and fee free in years one to three, £1,800 in year four and £2,000 in year five, subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Student Bank Account

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Can you get bank accounts for teens?

If you're wondering 'can you have a bank account at 16?' then the answer is 'of course'.

You can get a child's bank accounts from the age of 11, or you can get bank accounts for teens that are designed especially for 16 and 17 year olds.

What bank accounts for teens are there?

If you're a teenager, you can open a children's bank account. But you might like to look into specialist bank accounts for teens rather than getting a children's account.

Most standard bank accounts only accept people over 18. But, if you're looking for a bank account for 16 year old or 17 year old teens, there are options out there.

If you're 18 and over, you can usually get a standard bank account designed for adults. Here's how to work out what kind of bank account you should choose and where to find one.

To find the best bank account for 16 year old student types, or 17 year olds, read on. Our comparison is designed to help you find the best bank account for teens.

What features can you get with a bank account for 16 year old or 17 year old teens?

If you're looking for a bank account for 16 year old or 17 year old teenagers, there's a variety of features you can expect to see. Many of these are the same as what you might get with an adult bank account.

For example, you might be able to:

  • 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

  • Withdraw money at a cash machine using your debit card

  • Set up automatic payments like direct debits and standing orders to cover bills (such as a mobile phone bill)

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

  • Earn interest on your balance

  • Pay by Apple Pay or Google Pay if the bank account links with the technology and if you have the right kind of device.

There's often a limit on how much you can withdraw each day with an under 18 bank account. Some bank accounts for teens might even offer useful additional benefits, such as discounts on driving lessons.

The big difference between an adult bank account and a bank account for 16 year old or 17 year old teens is that you won't get an overdraft with a teen account. You have to be 18 years old or more to borrow money through your bank account.

Think about which features you want from your bank account for teens. This is the best place to start when choosing the best bank account for 17 year old teens or the best bank account for 18 year old teens.

How to find the best bank account for teens

Start by choosing an account that has the features you need. The best bank account for teens will generally give you the features listed in the section above. Look out for ones that come with a debit card, internet banking, and ideally a branch near your home. That'll help you when it comes to withdrawing and paying in money.

Don't forget to check the age limits and the balance restrictions for each account too.

To find the best bank account for teens, follow these simple steps:

  • Compare accounts that accept people your age using our comparison

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

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

How old do you have to be to open an under 18 bank account?

Most banks will offer an under 18 bank account to any children or teens between 11 years old and 17 years old.

Sometimes, banks will offer an under 18 bank account that caters specifically to older teenagers. These usually have a higher minimum age such as 16. So if you want a bank account for 17 year old or 16 year old teens, these accounts could be worth looking at.

Can I open a bank account at 17 by myself?

The answer is 'yes'. You can usually open a bank account by yourself if you're 16 or 17. You can also get a debit card without permission.

From the age of 11 until 15, you can open an account of your own, but you'll generally need a parent or guardian with you when you open it. You'll also need permission from a parent or guardian to have a debit card with your account.

Can your parents use your junior bank account?

Some banks will only let you run the account yourself. But, generally, parents or guardians can pay money into bank accounts for teens.

Occasionally, some banks might say you have to have your parents with you to apply for an account in branch. This usually applies to younger applicants, rather than teens.

Can I get into debt?

If you're under 16 years old you won't be able to get an overdraft facility on your account, so you don't need to worry about debt.

If there's not enough money in the account to pay for something you're trying to buy, then any payments will usually be declined. If a payment were to accidentally go through that reduces the account balance to below zero, your bank shouldn't charge any interest or fees.

Other actions could incur fees, such as using your card abroad. So you should be aware of what you can and can't do for free on your card.

Is there any protection with a bank accounts for teens?

Yes, you'll be covered by the Financial Services Compensation Scheme (FSCS) if you're using a UK-registered bank. The FSCS gives you protection on your savings up to £85,000 if the bank or building society went bust. This is usually more than enough protection for a teenager.

Teenagers' bank accounts FAQs

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.

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

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

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.

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

About our current accounts comparison

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about How our website works.

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: 23 February, 2021

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