Open Savings Account For Child Santander

Interested in opening an account for a child under the age of 18.

Open savings account for child santander.

Learn more about this great first bank account for kids. Consider santander youth savings tailored for the needs of children with a legal guardian as a co owner. You ll need the same information if you re opening an account at an online only or a brick. If you re under 18 years old you can open a savings account for kids with a minimum deposit of just 10.

Fees apply if you exceed these limits and if you repeatedly exceed these limits we will close your account. To open an account you will need. 1 no monthly fee for santander savings with any personal santander checking account or with 100 average daily balance in the santander savings account otherwise 1 00. 3 domestic atms are atms in the 50 united states the district of columbia and puerto rico.

Fees may reduce earnings. 1 you can withdraw funds from a savings or santander money market savings account no more than 6 times by computer telephone preauthorized transfer check or debit card purchase each service fee period. A child can t have a child trust fund and a junior isa of any type at the same time so if you re opening a cash junior isa with santander and have a child trust fund elsewhere you must request to transfer it to santander. All other fees apply.

Opening a kids savings account can be a great tool to teach your child healthy financial habits but there are a few things to consider before running to the bank. For children under 13 years of age the account must be opened in trust by an adult trustee. After opening the account the trustee must manage the account on behalf of the child. This is a variable rate account and the rate may change at any time.

0 03 annual percentage yield apy is available when you open a santander savings account. All savings accounts can be opened in a santander bank branch and the santander savings account can be opened online. A minimum deposit of 25 is required to open a santander savings account. Your social security number.

Other atm fees may apply. Trustees must be aged 18 or over have parental responsibility for the child and have a santander personal current account. Rates shown are in effect as of today.