First Account

Who is eligible?

This account is available to existing and new customers who are personal savers resident in the UK between 0-16 years of age. This account requires an operator if the saver is younger than 11 years old. 

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing. 

How do I open my savings account?

You may open your account at any one of our branches or via post. Original or certified identification must be presented for the child at the point of opening the account.

What is my minimum opening and operating balance?

£1 

What is my maximum operating balance?

£30,000

What is my maximum investment?

£30,000

Can I withdraw money?

Instant access withdrawals are permitted with this account. Parents or adults can sign for withdrawals until you are 16 or can sign it over to you from the age of 11 onwards. If you are 11 or older, you can open and operate your First Account in your own name. All withdrawals must be for the benefit of the account holder. You may sometimes be asked for additional information on any transaction relating to this account. We do this as an extra measure to make sure the account holder's interests are being protected. 

Additional Information

At the age of 16 your account will automatically transfer to an Instant Tracker account. At this time we will write to the account holder and operator (if applicable) with details of options available.