Child and teen bank accounts

NatWest Rooster Money 

To give you a Rooster Card that can hold real money we are required to carry out a Know Your Customer (KYC) check to verify your identity. This isn’t a credit check, and won’t affect your credit score.

When you sign up to get a Rooster Card we ask you for your full name, address and date of birth. We then do the check by matching these details against public records and credit reference agency databases. That's why it is really important that the details you enter are accurate.

If we cannot match your details, we will ask you to upload photos of two documents to verify your identity. We store these photos securely in line with our terms and privacy policy.

Adapt Current Account

Make sure you have your child's ID as well as their current address and contact information. If your child is over the age of 16 and they have the relevant ID they could open the account online themselves. 

Click here to see the forms of ID we accept

The right children’s account for you and your child to choose will depend on what you’re looking for and your needs. Finding the right account can be tricky, but we’ve pulled together all of our best children’s accounts on this page to help you decide which could be the best fit. 

Yes, you can open a children’s account online today. Whether or not a parent or guardian needs to be present depends on the age of the child and the type of account you’re looking to open.

NatWest Rooster Money 

If you’re looking to set up a pocket money card for your kid online, it’s easy. All you need to do is sign up for NatWest Rooster Money and download the app. You’ll then be asked to give some information about you and your child. 

Adapt Current Account

You can open a child’s current account online today. If your child is aged 11 – 15, you will need you to open the account for them. If they are ages 16 – 17 they can open the current account online themselves.

Savings Accounts

We don't currently offer the option to open a savings account in trust for a child or baby. If you're still interested in saving you can take a look at our adult savings range, including our instant access Loyalty Saver.

Savings Accounts

We don't currently offer the option to open a savings account in trust for a child or baby. If you're still interested in saving you can take a look at our adult savings range, including our instant access Loyalty Saver.

Yes, children’s accounts are covered by the Financial Services Compensation Scheme (FSCS). This scheme makes sure that if a bank fails your money is protected. Up to a total of £85,000 is covered by the UK’s deposit guarantee scheme.

Find out more about FSCS

You can’t open a new Child Trust Fund (CTF) because this government scheme is closed. But you can open a Junior ISA where you can invest up to £9,000 per child for the current tax year free from income and capital gains tax. 

Just so you’re aware: a child with an existing CTF can’t have a Junior ISA too.

Already have a CTF with us? Visit Manage my Child Trust Fund.