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Young person’s bank account

Bank account for young people

Young Person's bank account

Open now free of charge
The Young Person's bank account is called the Young Person’s Growth Account and costs €0 per month
Open now free of charge
The Young Person's bank account is called the Young Person’s Growth Account and costs €0 per month
  • Decide what your child can and cannot do
  • Receive pushnotifications
  • No overdraft allowed

With your child now at secondary school, he or she will need to use money more often. Card payments in the school canteen, spending pocket money, and getting paid for a paper round - having a bank account makes it all so much easier. At ABN AMRO, such a bank account for young people is called a Young Person’s Growth Account. This account lets you give your child the freedom to spend his or her money, while you keep an eye on the bank account to make sure everything is in order.

Here’s how to open a young person's bank account:

Mobile phone

Step 1

Go online to open the free bank account for your child. Applying takes less then 5 minutes. Please have your child's Citizen Service Number (BSN) ready.

Paper and pen

Step 2

Next, sign the Internet Banking agreement for your child, digitally or on paper. Check the explanation about the application.

Calender

Step 3

Within 5 working days, your child’s bank account will be accessible. If your child is already a customer, the account will be activated immediately.

Open bank account

Here’s how to open a young person's bank account:

Mobile phone

Step 1

Go online to open the free bank account for your child. Applying takes less then 5 minutes. Please have your child's Citizen Service Number (BSN) ready.

Paper and pen

Step 2

Next, sign the Internet Banking agreement for your child, digitally or on paper. Check the explanation about the application.

Calender

Step 3

Within 5 working days, your child’s bank account will be accessible. If your child is already a customer, the account will be activated immediately.

Open bank account

Your account configuration options

What your child can and cannot do with his or her bank account is entirely up to you. This lets you gradually increase your child’s autonomy, always based on the permissions you have set. Simply configure your child’s account on your Internet Banking overview page.

What you do What your child is allowed to do
Enable or disable payments
 
 
Receive pushnotifications
 
 
Enable or disable access to Internet Banking
 
 
Change the card limit
 
 
Internet Banking
 
 
Check the account balance
 
 
Transfer money
 
 
Withdraw cash and make card payments
 
 
Make contactless payments
 
 
Have a wage paid into the account
 
 
Person pays with phone on terrace

Paying at its fastest

With the Young Person’s Debit Card, your child can pay contactless and without a PIN code via Apple Pay or Google Pay. This is easy, convenient and secure: the maximum amount is € 50 per payment and € 100 in total. Your child can use contactless payment from the age of 16. See the pages about Google Pay and Apple Pay.

Leaf

More information and conditions

This is included in a young person’s account

The ABN AMRO young person’s account is called the Young Person’s Growth Account and is for children aged 0 to 18. The account includes a bank account as standard. Digital statements are free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees. 

You can request a free youth debit card to go with the bank account. If you prefer not to have your child use the debit card, you can open the bank account without a debit card.

If you also want to save for your child's future, select the KidsFuture Savings Account during the application process. That way, your child will have a nice buffer later on.

Open bank account Request a youth debit card
Standard card limit

The standard card limit for a young person's account is €300, of which your child can spend €150 in card payments at shops and withdraw €150 in cash. If you feel this is too much, simply change the card limit online.

Change the card limit
Contactless payments

The young person's debit card also lets your child make contactless payments, without entering his or her PIN. The maximum amount for contactless payments is €50 per payment and €100 in total. For contactless payments over €100, your child will have to enter the PIN. If you do not want your child to be able to make contactless payments, you can disable this feature.

Disable contactless payments
Fees

The Young Person’s Growth Account is a free young person’s account. There are no opening fees, no monthly fees and the debit card is also sent to you free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.

Interest rate

  • The current interest rate is  0.00% . Any interest due will be credited to your account on 31 March, 30 June, 30 September and 31 December. The interest rate is not fixed and can be changed at any moment. Read on to find out how quarterly interest works.
After your child turns 18

When your son or daughter turns 18, the Young Person's Growth Account will automatically be converted to a free Student Package. You do not have to do anything. The bank account number will stay the same. Because your child will then be an adult and can make his or her own decisions, we will automatically block your access to the account.

Deposit insurance scheme

The Young Person’s Growth Account is covered by the deposit insurance scheme, meaning that your child’s money is protected if we are no longer able to meet our obligations. For more information, please visit abnamro.nl/garantiestelsel.

Terms and conditions

Check the terms and conditions for a complete list of all the specifics of a Young Person’s Growth Account. 

You can also take a look at the Consumer Payment Services Information Sheet  (Informatieblad Betaaldiensten Particulieren) for more information on things like security, limits and fees.

More information and conditions

This is included in a young person’s account
Standard card limit
Contactless payments
Fees
Interest rate
After your child turns 18
Deposit insurance scheme
Terms and conditions

This is included in a young person’s account

The ABN AMRO young person’s account is called the Young Person’s Growth Account and is for children aged 0 to 18. The account includes a bank account as standard. Digital statements are free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees. 

You can request a free youth debit card to go with the bank account. If you prefer not to have your child use the debit card, you can open the bank account without a debit card.

If you also want to save for your child's future, select the KidsFuture Savings Account during the application process. That way, your child will have a nice buffer later on.

Open bank account Request a youth debit card

Standard card limit

The standard card limit for a young person's account is €300, of which your child can spend €150 in card payments at shops and withdraw €150 in cash. If you feel this is too much, simply change the card limit online.

Change the card limit

Contactless payments

The young person's debit card also lets your child make contactless payments, without entering his or her PIN. The maximum amount for contactless payments is €50 per payment and €100 in total. For contactless payments over €100, your child will have to enter the PIN. If you do not want your child to be able to make contactless payments, you can disable this feature.

Disable contactless payments

Fees

The Young Person’s Growth Account is a free young person’s account. There are no opening fees, no monthly fees and the debit card is also sent to you free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.

Interest rate

  • The current interest rate is  0.00% . Any interest due will be credited to your account on 31 March, 30 June, 30 September and 31 December. The interest rate is not fixed and can be changed at any moment. Read on to find out how quarterly interest works.

After your child turns 18

When your son or daughter turns 18, the Young Person's Growth Account will automatically be converted to a free Student Package. You do not have to do anything. The bank account number will stay the same. Because your child will then be an adult and can make his or her own decisions, we will automatically block your access to the account.

Deposit insurance scheme

The Young Person’s Growth Account is covered by the deposit insurance scheme, meaning that your child’s money is protected if we are no longer able to meet our obligations. For more information, please visit abnamro.nl/garantiestelsel.

Terms and conditions

Check the terms and conditions for a complete list of all the specifics of a Young Person’s Growth Account. 

You can also take a look at the Consumer Payment Services Information Sheet  (Informatieblad Betaaldiensten Particulieren) for more information on things like security, limits and fees.

FAQs about the young person’s account

What is a young person’s account?

A young person’s account, or Young Person’s Growth Account, is a current account for children aged 0 to 18. As a parent, you decide what your child can and cannot do with the account. For example, you can set the limit for your child’s debit card, switch internet banking on or off and set a maximum amount for online payments.

From what age can I open an account for my child?

ABN AMRO’s young person’s account (Young Person’s Growth Account) is available for children aged 0 to 18.

How do I apply for a young person’s account?

Applying for a young person’s account is quick and easy. First you apply for your child’s free account either online or during an appointment at one of our branches. Then you sign the Internet Banking Agreement for your child. After signing the agreement you will have access to the young person’s account within 5 working days. To apply for a Young Person’s Growth Account you need an ABN AMRO current account. The Young Person’s Growth Account will be linked to this account number.

Can I open a bank account without my parents’ consent?

Young people under the age of 18 cannot open a current account without consent from their parents. At ABN AMRO, your parents can open an account for you. They then decide what you can and cannot do with the account. They can allow or disable iDEAL payments, for example, or set a limit for debit card payments.

How can I add my child’s account in my overview?

Your child’s account number will be added in the ABN AMRO app or Internet Banking within 5 working days after you applied for the account. The account will not be immediately visible in your overview. You can arrange this yourself. Find out here how to add the account.

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Your child’s very own savings account

Teaching your child about saving money is easier when they have their own savings account, as your child’s savings are then separate from the balance in their current account

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Managing account settings

You decide what your child can and cannot do with his or her bank account. This way, you can gradually increase your child’s freedom to make his or her own financial decisions. That is a secure feeling.

Configure your child’s account
Child looking at her phone with bank details

My child is 0 to 11 years old

Is your child younger than 12? Please see the page with information on the account for your child’s age group. In this account, too, you as a parent decide what your child can and cannot do.

Go to the page for 0- to 11-year-olds

Other useful info