![]() To make sure this happens, the young adult must provide us with additional identification such as a current UK/EU/EEA passport, photo driving licence or identity card. The Spending Account will mature to a Classic Account and Savings Account to a Standard Saver account before the young adult's 19th birthday.We'll remove the parent or legal guardian's ability to view and transact on the account after the young adult's 18th birthday, unless it's already been done.The young adult can only hold one Spending Account and one Savings Account.Lewis N Clark Clip Travel Money Pouch Similar to a bra stash, this secret wallet by Lewis N Clark offers an option you can clip to your waist belt. To open the account, the young adult must be living at the same address as the parent or legal guardian. Simply fold your bills and passport copies in half and slide them in the pocket with any other of your credit cards or ID’s.Resistant to breaking into it and fishing the cash out. The parent or legal guardian must have an existing Child Saver or Young Saver for the child or their proof of identity. A must have casino cash pocket/purse bank for any gambler Made of durable metal to last a long time.The parent or legal guardian must have one of our qualifying current accounts listed in the 'Additional Information' section below.To open this account the parent or legal guardian must be 18 or over, resident in the UK and be registered for Internet Banking.The accounts can also be managed through Internet Banking, on our app and in branch. If they're under 13, they can also do this, but will need the consent of their parent or legal guardian in branch. When the young adult is over 13 and decides it's the right time to remove this support they can do so in branch. When the accounts are open, the parent or legal guardian will be able to see them in Internet Banking and on our app, to help the young adult manage their money and transact on the accounts in an emergency. This means a Spending Account and a Savings Account will be opened. This account can only be opened online between the parent or legal guardian and a young adult, as part of applying for Smart Start. To set this up, you need to have your own Lloyds Club Current Account with Internet Banking. The Smart Account is a great way to set your kids up for the future they want. Then you have the Savings Account, which teaches them the importance of saving and also teaches them the value of setting money aside. ![]() The Spending Account comes with a Visa contactless debit card, which can be used in shops, online and you can even make payments through Internet Banking, which gives them a real sense of freedom. Smart Start is a Spending and Savings Account for 11-to-15-year-olds, that teaches them how to look after their own money and make the right financial choices in the future.Īs a parent, it’s easy for you to keep an eye on your kids account through your own banking app, and you can even help set a contactless payment limit which, as a parent myself, I find very useful. ![]() One of the most important tools you can give your kids is a bank account, to help them get started with some good money habits.
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