Bank of Scotland

Bank of Scotland child account review

Thinking of a Bank of Scotland account for your kids? Here's what options are available.

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Bank of Scotland is a pretty solid option for a child current account and also has a couple of savings accounts that allow you to save money for the benefit of a child.

This page looks at available account types, features, fees, pros and cons, to help you pick an account for your family. Keep in mind that even if you already bank with Bank of Scotland, it’s always worth shopping around to find the best possible deal for your circumstances.

Compare bank accounts from Bank of Scotland

Name Product Interest (AER) Minimum eligibility age Maximum eligibility age Daily cash machine limit Representative example Link
Smart Start Spending Account - Age 11-15
Bank of Scotland
11 Years
15 Years
Bank of Scotland
11 Years
Under 16 Years
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Bank of Scotland
16 Years
Under 18 Years
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What type of child accounts does Bank of Scotland offer?

You can choose between a current account and two different types of savings accounts. More specifically:

  • Current account. Available for kids aged 11 to 17, this is a current account for day-to-day spending. You can choose between a debit card or a cash card (for cash withdrawals only) and also get a small amount of interest paid on your balance. Another interesting feature is the ability to automatically round up transactions and save the spare change (available for kids aged 16 and over).
  • Easy-access savings account. Meant for an adult who wants to save for the benefit of a child, this account offers a fairly good interest rate, at least until you reach the balance limit (after that, interest drops close to zero). “Easy-access” means you can withdraw money from the account anytime if you need it. It can be opened for a child aged 15 or lower. While you don’t need to be the parent or guardian of the child to open it, you will need their permission.
  • A junior cash ISA. This is a tax-free savings account that locks the money away until the child turns 18. The interest rate is quite competitive. We’ve explained how junior ISAs work on this page.

There are two main gaps in Bank of Scotland’s range of accounts for young people: there is no current account or card for kids younger than 11 and no savings account that can be opened in the child’s name. For the first, you can compare some prepaid cards with lower age limits on this page. For the second, there are a few banks, such as NatWest, that let kids manage their own savings account.

How to open a child account with Bank of Scotland

You can open it it branch or online, depending on the kid’s age:

  • For 11- and 12-year-olds. You need to apply in person at a branch. You will need both the child’s ID and a parent’s or guardian’s proof of identity and address.
  • For 13- to 15-year-olds. You can start the application online, but might be asked to pop into a branch to have your documents checked. Again, you will need both the child’s ID and a parent’s or guardian’s proof of identity and address.
  • For 16- and 17-year-olds. They can apply by themselves and start the application online, but will then need to present their own proof of ID and address.

The savings account and the junior ISA can be opened both online and in person.

How much does opening a child account with Bank of Scotland cost?

All Bank of Scotland’s accounts for children and teens come for no monthly fee.

For the current account, it’s also free to make payments and withdraw cash from an ATM, as long as you are in the UK. However, you will be charged a foreign currency transaction fee for every payment or withdrawal made abroad; something worth keeping in mind when getting ready for a holiday overseas.

Is opening a child account with Bank of Scotland safe?

Bank of Scotland is a fully licensed bank, regulated by the Financial Conduct Authority (FCA) and deposits are protected by the FSCS.

If you are worried about your children misusing the card, for example by making payments online, you can choose to opt for a cash card rather than for a full debit card. The cash card will enable them to make cash withdrawals, but not to make card payments in shops or online.

Pros and cons of using Bank of Scotland for a child account


  • It offers a solid current account to get started with personal finance, for no monthly fee.
  • The accounts can be managed online, via app or via phone once the child turns 16.
  • Small interest rate paid on current account balances.
  • The savings accounts let you save for a child, offering good returns.


  • The savings accounts can only be opened and managed by an adult.
  • No current account or prepaid card for children under 11.

Alternatives to children’s bank accounts

If a child’s bank account does not sound like the right idea, then there are other options available.

  • Prepaid cards
    As a parent you can purchase a prepaid card for your child. These are aimed for children aged 6 to 18. Parents can top up their child’s balance via an app, control where they shop and also can teach them about good money habits.
    Learn more about children’s prepaid cards


If you only need a current account for your kid, Bank of Scotland’s is decent enough, with few fees and a nice little interest rate to make it more appealing. Don’t forget that you’ll be charged for using the card abroad though.

There are no savings accounts for kids, which is a bit of a drawback. On the other hand, you can also use the current account for saving at the beginning. Once the minor turns 16, they will be able to open any of Bank of Scotland’s adult savings accounts.

Finally, if you are simply looking for a savings account to save money for a child, Bank of Scotland’s easy-access child saver is solid, offering unlimited withdrawals and a decent rate.

Get started by visiting Bank of Scotland’s website and applying for an account. If you have read this review and decided that these accounts are not the right choice, you can also discover other bank accounts for children and the option of prepaid cards for kids.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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