Search results
They get Money Smart. You see their confidence grow. Win win. With Money Smart, kids get their own bank account and savings account.It's designed to give 11 to 15 year olds the space to grow their independence and get money confident. After all, the best way to learn is to put their money in their hands, with you overseeing.
- Get Started
Step-by-step guide. 3. Pay money into your accounts. Start...
- Video Transcripts
Your Smart Savings Account means you can save every week,...
- Get Started
- Account Nickname
- Aer
- Balance
- Bounced Cheque
You can use Online Banking to give any of your accounts a nickname. You can name your account after what you use it for, like 'Spending money' or 'New trainers'. The nickname can be any letters or numbers you choose up to 39 characters long.
AER stands for Annual Equivalent Rate. When you see an advert for a savings account that shows an interest rate, you will see the AER. You can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
Balance is the amount of money you have in your account at a particular time. Sometimes the balance will include money that is not available to spend. This is because the money hasn't been received by the bank yet, or cleared. The money that you can spend is called your available funds or available balance.
Cheques bounce when there is not enough money in the account the money is being taken from. It can also happen if the account holder cancels the cheque.
Find out how to name your account. Switch on Save the Change®. Every time you spend with your debit card, we’ll round it up to the nearest pound and put the ‘change’ in your Smart Savings Account. For example, if a drink costs £2.55, we'll automatically round it up to £3 and put the 45p ‘change’ into your Savings Account.
Congrats on your Smart Start debit card. It will teach you lots of good money habits that you can use in the future. First things first, sign your card. You then need to enter the PIN we sent you at first, so don’t disregard it. But don’t worry, you can change it to anything you like at the ATM.
Jul 14, 2024 · 7. Halifax Money Smart Account. The Halifax Money Smart account is available to young people between 11 and 15. This account offers savings and a bank account with a Visa debit card for making payments and withdrawing funds from cash machines.
- Most UK banks will only allow teenagers aged 16 or 17 to open a bank account without their parent or guardian. If you are 15, you will most likely...
- If you’re between 11 and 15, you can get a debit card in the United Kingdom. To apply for one, you will need to visit the branch with your parent o...
- The easiest way to set up a bank account for a 16-year-old is to make an appointment at the branch with your child. If you don’t hold an account wi...
Good money habits for your child start here. Smart Start gives 11-15 year olds their own Spending Account and Savings Account in one application, accessible by our Mobile Banking app and Internet Banking. The parent or guardian of the account must have one of our Club Lloyds current accounts to get started.
People also ask
Can I put money into my smart savings account?
What is Money Smart & how does it work?
How do I Use my Money Smart account?
How do I set up a smart savings account?
What is a Halifax Money Smart account?
What is a Smart Start savings account?
Each fund is made up of 'units' so if you want to invest, you'll need to buy units – and these come at a cost which varies from day to day. The value of each unit will rise or fall depending on demand in the market for the fund. Say you want to invest £1,000 in a fund; if each fund unit costs £2, you can buy 500 units.
