Looking to open a bank account for a child?
Adapt current account
Ready to give your kids and teens a taste of independence? Our current account and debit card for UK residents aged 11-17 with no parental controls could be the right fit.
Use this current account to:
- Give kids and teens the freedom to manage their money independently (11-15s must apply with a parent or guardian who has an Ulster Bank current account).
- Earn 1.60% AER / 1.59% Gross p.a. (variable) interest on their balance, calculated daily and paid monthly.
- Enjoy simple banking without monthly account fees or overdraft.
NatWest Rooster Money
Want to teach your kids smart money habits in a secure way? Our pocket money app for ages 3-17 puts parents in control to teach kids responsible money management.
Use Rooster Money to:
- Track your kids' virtual allowance, spending and savings with no deposit required using Virtual Money Tracker.
- Enjoy a free Rooster prepaid card subscription for ages 6-17 if a parent is a Ulster Bank customer. T&Cs apply and other fees may apply (£19.99 a year / £1.99 a month for non-NatWest customers).
- Build custom savings pots and use the 'Chores' feature to link tasks to allowances.