Helping children and grandchildren manage their own money
Understanding and experiencing the value of money is a key life skill you can teach a child and an essential step for them to enjoy their own full lives. HSBC Premier provides specially designed bank and savings accounts to help you do just that.
- encourage children to save from the age of 7 with an HSBC Premier MySavings account and the experience of managing a current account from 11 years old with an HSBC Premier MyAccount. HSBC Premier MySavings and HSBC Premier MyAccount are available to children and grandchildren of HSBC Premier customers.*1
- HSBC Premier MyAccount has a contactless debit card that allows them to withdraw up to £100 a day from cash machines in the UK and around the world, without being charged a cash withdrawal fee by HSBC.*2
- the child’s accounts will be held in their name, but we allow parents to check them for complete peace of mind
- mobile banking, online and telephone banking from the age of 11
*1 Parents must be present at account opening for both child and grandchild accounts. Grandparents do not need to be present at the point of account opening but will be required to verify their Premier status.
*2 Some other cash machine operators may apply a direct charge for withdrawals from their cash machines and this should be advised on screen at the time of withdrawal. These transactions are subject to a non-sterling transaction fee, currently 2.75% of the amount of the transaction.
Apply for HSBC Premier MySavings:
To open a Premier MySavings for a child, you must be a Premier customer, for which certain financial and other criteria apply.
How do I apply for Premier MySavings
You can apply for a Premier My Savings Account if:
- you're 7 to 17
- you can provide proof of your identity if your parent or guardian is an HSBC Premier Customer
- you and your parent or guardian can provide proof of your identity and address if your parent or guardian isn't an HSBC Premier Customer and you're under 16
- you can provide proof of your identity and address if your parent or guardian isn't an HSBC Premier Customer and you're over 16
If your parent/guardian is an HSBC Premier customer
Your parent or guardian can apply for you quickly and easily in minutes online. They will need your valid passport to hand.
We're busier than usual at the moment, so it may take a little longer to process your application. No need to contact us, though - we'll be in touch.
Parents and guardians: please make sure your contact details are up-to-date in online banking.
If your parent/guardian isn't an HSBC Premier customer
You can only apply for Premier MyMoney in-branch. If you're under 16, your parent or guardian must be with you to sign the application.
You can print off the application form and bring it with you or we can print it off for you in branch.
Brochures and key facts
HSBC Premier is subject to status. We'll review your account on a regular basis and if you no longer meet the qualifying criteria, we'll transfer your account to a Bank Account.
Account opening and credit is subject to status. All applicants are required to provide a passport or national ID card and proof of permanent residential address.
Important documents
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
Not an HSBC Premier customer?
To access our premium range of banking services you need to have an HSBC UK Premier Bank Account. Financial and other eligibility criteria apply.
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