Do you want to open a bank account for your child who is still a minor? The offers offered by online banks should interest you. It is indeed a generation that is very interested in this type of bank, in particular because it is accustomed to the use of dematerialized services. The offers they offer are therefore often attractive. We therefore invite you to discover the most interesting offers.
Kador of Boursorama Bank
Boursorama Banque offers an account dedicated to young people aged 12 to 17 named Kador. However, this offer is reserved for children of holders of a classic Boursorama Banque account. The Kador account works similarly to a classic account. The biggest difference is that it is not possible to pay more than 2,000 euros per month. It even allows you to take advantage of a payment card with systematic authorization, thanks to which overdrafts are avoided. Many options are available and it is possible to take advantage of contactless payment, a powerful smartphone application and free modification of payment limits. Finally, children can request an immediate transfer from their parent and receive SMS notifications to keep up to date with the latest news on their account.
The Monabanq youth account
This is an offer that is only open to young people between the ages of 16 and 18. However, it offers many advantages, including the absence of management and account opening fees. In summary, only the Visa Classics card is charged at the price of 12 euros per year. However, if they are content with the debit card, it is completely free and operations carried out in the euro zone are also completely free. Children can also deposit checks into their account. To do this, they can go to a CIC agency or fill out a digital slip directly on the Internet. Finally, they can connect to their personal space from a computer or smartphone and even receive SMS notifications to be informed of the progress of their account.
How does a child account work in an online bank?
From 12 to 16 years old, the expenses of the child are generally subject to the authorization of the parents. However, from the age of 16, your child can spend his money as he wishes. He can even take advantage of different means of payment, including a payment card or a checkbook. On the other hand, it is the parents who are responsible for the bank account in the event of a payment incident. Finally, please note that for most online banks, you must have a regular account with them to open one for your children.
Read also: Opening a bank account for a minor: what you need to know