Banking for Kids


What is MoneySense?

Whether it's teaching young people to manage their pocket money or design a crowdfunded project, you're never too young to start good habits.

Feel Money Confident

We want everyone to feel confident with money. That's why at NatWest we do free MoneySense lessons in schools, inspiring 5-18 year olds to grow in financial confidence.


We've been doing it for 25 years and helped over 1 million young people in 2019 alone.

Money basics

Teaching children about money helps them to prepare for life in the real world. Managing money is a vital life skill and if kids develop this from a young age, it will help them in adult life. Our tips can help you teach your kids about money.

  1. 1

    Open a savings account

    Saving for your child can be a great help for their future and encourages them to understand the importance of managing money.

    One way to do this is by opening a savings account.

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    Take a look at our First Saver account

    Teach your kids to save with our First Saver account. All parties to the account must be UK residents to apply.
  2. 2

    Earning pocket money

    Teach children that you need to earn money before you can buy things. Show them some household bills and any Direct Debits and Standing Orders you've set up to pay them, you could even show them your pay slip.

    Giving pocket money can help them learn about earning money, and you can give them tasks to do at home to earn this.

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    An account for their pocket money

    Our Adapt account can give kids a start in managing their money and they could earn interest on their balance. The account is available for 11 to 18 year olds who are UK residents.
  3. 3

    Contactless and cards

    In an increasingly cashless world, it's important to talk to your kids about contactless cards (not currently available on the Adapt account) and mobile banking.

    They'll also need to know about storing card details on their mobile phone or other devices to make payments via Apple Pay and Android Pay. Without seeing money being exchanged, it's harder for children to understand how much things really cost.

    As your kids get older it's also a good idea to talk to them about shopping online and how to do so safely.

  4. 4

    Teaching teenagers to budget

    You can get your teens to plan and budget for an activity they really want to do to help them learn about managing their money. 

    Show them how to set a budget and work out how much each part will cost. This will help them see that budgeting helps their money go further.

  5. 5

    When should they borrow money

    It's a good idea to talk to teenagers about credit before they get to 18. Explain when it's a good idea to consider credit, when it's a bad idea and why it's better to save up and use cash when you can. 

    Make sure that your child understands they will need to be able to make monthly payments for any money they borrow.

Kids' bank accounts

Whether you want to encourage saving habits at an early age, or give them their independence, we can help with our range of kids accounts.

The child bank account is for 11 to 18 year olds who are UK residents.

Adapt bank account

No monthly fee

Earn 1% interest on your balance

Make purchases and withdraw cash with your Visa debit card

Check your balance wherever you are with our mobile banking app

Use Apple Pay and Google Pay™ to buy things with your phone. You must be 13+ to use Apple Pay, and 16+ to use Google Pay™.

First saver account

Open this account with just £1

Free, instant access savings account for children 16 and under

Access funds instantly, if you need them

Hold the account in trust for a child or in the child’s own name if they’re over 7

Get a free piggybank and access to Pigby's World of savings tips

Save money, save the planet

Teaching your children how to be eco-friendly doesn’t just help the planet: it can also be good for your family’s bank balance.

Learn to save with Pigby

Meet our savings hero, Pigby. He's here to help your little ones learn all about saving.

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