Ulster Bank children’s bank account review
Find out whether opening a children’s account with Ulster Bank could be right for you.

There are many reasons why it’s worth opening a bank account for your child when they are young. Perhaps one of the biggest is that it can teach them good financial habits from an early age, helping to set them up for success in the future. Here, we explore the children’s account range from Ulster Bank to see if it could work for you.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyWhen considering which account to open for your child, you’ll need to think about whether you want a prepaid card, a current account or a savings account. Ulster Bank offers all three, so make sure you understand the difference.
Current accounts and prepaid cards are useful for everyday spending, while savings accounts are designed for either parents or children to put money aside for a future date. Here’s what Ulster Bank has to offer:
How you open a child account with Ulster Bank will depend on the account. More specifically:
To open an account with Ulster Bank, you will need to provide a few documents and details:
Ulster Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. That means eligible deposits in its current and savings accounts are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.
If you’re signing up for Rooster Money, note that this is not a bank so there will be no FSCS protection. However, it is licensed by the FCA to deal in electronic money and keeps all client funds in a segregated account.
Ulster Bank offers a good variety of kids accounts, whether you’re after a straightforward current account, a savings account, or you’re looking for a pocket money app and prepaid card to help keep track of your kids’ spending. However, it’s important that you check the eligibility requirements carefully as they vary depending on the account, and remember that you may have to pay a monthly fee if you opt for Rooster Money.
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