Current account for a child
Teach your child the basics of spending from an early ageAccount for first savings
You can open an account even for babies.
Learning to spend one's own money
Current account teaches young people how to spend and save.
Saving child benefits and gifts
You can deposit, for example, child benefits and gifts on the child’s account.
Current account for a child
Opening an account is easy
Most commonly the account is opened by the child’s parents. As a guardian, you can open the account yourself if you have consent from the other parent or legal guardian. The other parent or legal guardian must inform of the account access rights at the latest when funds are withdrawn from the child’s account or a card is linked to it. If the other legal guardian is OP’s customer, they may fill in a power of attorney on OP eServices or at a bank branch. If the guardian is not OP’s customer, the power of attorney can only be filled in at a bank branch.
A grandparent or godparent, too, can open an account for a child. For that, you will need the child’s personal ID code and name. If the child is a minor, you will also need consent from both parents for opening the account. Parents can fill in the required power of attorney at a bank branch or, if they are OP’s customers, on OP eServices.
You can link an eServices Agreement to a child’s account upon consent from both guardians. Credit cannot be linked to a child’s current account.
The account is granted by the OP cooperative bank.