If you’ve got children, or you’re planning a family, it’s never too soon to start building a nest egg for your kids’ future. Once they’re old enough, you can also encourage them to learn about their finances by having their own account.
But what should you look for in a child’s current account or savings account? Banking has changed so much in recent years that your child’s first bank account will probably be very different to your own – chequebooks and paying in slips have been replaced with cash cards and mobile apps.
Here are some things to consider when opening a children’s bank account.