Children’s bank account
Bank account for children
- Keep an eye on your child’s account
- No overdraft allowed
- Set payment limits
The children’s bank account is called the Young Person’s Growth Account and costs €0 per month
Money can only be spent once. This is something your child still has to learn. Having his or her own bank account is a good first step. At ABN AMRO, such an account for children is called a Young Person's Growth Account. This account lets you decide what your child can and cannot do with his or her bank account. This way, you can gradually increase your child’s freedom to make his or her own financial decisions, while you keep an eye on the account.
Receive €15 pocket money as a gift! 🎁
Open a free Young Person’s Growth Account before 1 April 2026 and receive €15 pocket money as a gift!
More information and conditions
This is included in a children’s account
An ABN AMRO children’s account is called a Young Person’s Growth Account and is for children aged 0 to 18. The account includes a bank account as standard. Digital statements are free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.
You can request a free youth debit card to go with the bank account. If you prefer not to have your child use the debit card, you can also open the bank account without a debit card.
If you also want to save for your child's future, select the KidsFuture Savings Account during the application process. That way, your child will have a nice buffer later on.
Standard card limit
The standard card limit for a children's account is €300, whereby your child can make cash withdrawals up to €150 and card payments up to €150. If you feel this is too much, simply change the card limit online.
Contactless payments
The youth debit card also lets your child make contactless payments. The PIN will not have to be entered for payments up to €50 per payment and up to €100 in total. For contactless payments over €100, your child will have to enter the PIN. If you do not want your child to be able to make contactless payments, you can disable this feature.
Fees
The Young Person’s Growth Account is a free children’s account. There are no opening fees, no monthly fees and the debit card is also sent to you free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.
Interest rate
- The current interest rate is 0.00%. Any interest due will be credited to your account on 31 March, 30 June, 30 September and 31 December. The interest rate is not fixed and can be changed at any moment. Read on to find out how quarterly interest works.
Deposit insurance scheme
The Young Person’s Growth Account is covered by the deposit insurance scheme, meaning that your child’s money is protected if we are no longer able to meet our obligations. For more information, please visit abnamro.nl/garantiestelsel.
Terms and conditions
Check the terms and conditions (PDF, 1 MB) for a complete list of all the specifics of a Young Person’s Growth Account.
You can also take a look at the Consumer Payment Services Information Sheet (PDF, 230 KB) for more information on things like security, limits and fees.
This is included in a children’s account
An ABN AMRO children’s account is called a Young Person’s Growth Account and is for children aged 0 to 18. The account includes a bank account as standard. Digital statements are free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.
You can request a free youth debit card to go with the bank account. If you prefer not to have your child use the debit card, you can also open the bank account without a debit card.
If you also want to save for your child's future, select the KidsFuture Savings Account during the application process. That way, your child will have a nice buffer later on.
Standard card limit
The standard card limit for a children's account is €300, whereby your child can make cash withdrawals up to €150 and card payments up to €150. If you feel this is too much, simply change the card limit online.
Contactless payments
The youth debit card also lets your child make contactless payments. The PIN will not have to be entered for payments up to €50 per payment and up to €100 in total. For contactless payments over €100, your child will have to enter the PIN. If you do not want your child to be able to make contactless payments, you can disable this feature.
Fees
The Young Person’s Growth Account is a free children’s account. There are no opening fees, no monthly fees and the debit card is also sent to you free of charge. Only cash deposits and withdrawals may in some cases be subject to a fee. View the current fees.
Interest rate
- The current interest rate is 0.00%. Any interest due will be credited to your account on 31 March, 30 June, 30 September and 31 December. The interest rate is not fixed and can be changed at any moment. Read on to find out how quarterly interest works.
Deposit insurance scheme
The Young Person’s Growth Account is covered by the deposit insurance scheme, meaning that your child’s money is protected if we are no longer able to meet our obligations. For more information, please visit abnamro.nl/garantiestelsel.
Terms and conditions
Check the terms and conditions (PDF, 1 MB) for a complete list of all the specifics of a Young Person’s Growth Account.
You can also take a look at the Consumer Payment Services Information Sheet (PDF, 230 KB) for more information on things like security, limits and fees.
Gimi: the fun-to-use money app
Teaching your child how to manage money can be tricky, but it’s extremely important. And that’s why we’ve partnered with Gimi. Our young clients between the ages of 8 and 13 will now get free access to this fun-to-use money app.
Your account configuration options
You decide what your child can and cannot do with his or her bank account. This lets you gradually increase your child’s autonomy, always based on the permissions you have set. Simply configure your child’s account using your debit card in your Internet Banking overview.
What you do | What your child is allowed to do | |
| Enable or disable payments | Yes | No |
| Receive push notifications | Yes | No |
| Enable or disable access to Internet Banking | Yes | No |
| Set the card limit | Yes | No |
| Internet Banking | Yes | Yes |
| Check the account balance | Yes | Yes |
| Transfer money | Yes | Yes |
| Withdraw cash and make card payments | No | Yes |
| Make contactless payments | No | Yes |
That's why a children’s account
Managing account settings
You decide what your child can and cannot do with his or her bank account.
With or without a debit card
You chose if your child is ready for a debit card
Also interesting
How much will your child cost?
Although 'How much does a child cost?' seems like a strange question, it’s a good idea to take such costs into account when planning your finances. That’s why we’ve put together an overview of the main costs.
Managing account settings
You decide what your child can and cannot do with his or her bank account. This way, you can gradually increase your child’s freedom to make his or her own financial decisions. That is a secure feeling.
My child is aged between 12 and 17
Is your child 12 to 17 years old? Please see the page with information on the account for your child’s age group. In this account, too, you as a parent decide what your child can and cannot do.