Building their financial future
Designed to encourage early saving habits, the Young Person’s Account gives your children a financial head start in life.
Parents, grandparents and guardians can build up savings for their child until they turn 19 with:
- Earn interest every quarter
- Flexible tracking and management
- Secure service around the clock
Why choose our young person’s account
On behalf of your child
Parents, grandparents or guardians can set up a Young Person’s Account to start saving for their child and build up savings until the child turns 19.
The account will be held in the name of the adult with the name of the child in the designation of the account.
Stress-free deposits
You can deposit funds into your account at any time that suits you, and there’s no limit to the amount you can save with each deposit.
Withdraw anytime
You’ll have full flexibility to withdraw money from your account at any time via the mobile or online banking platforms provided.
Regular deposits
Standing orders can be set up to credit the account regularly.
Easy access 24/7
Banking access at your fingertips, our Mobile Banking app and Online Banking platform allow you to view your balance, check transactions and make payments quickly, securely and on the go.
FAQs
Everything you need to know about opening and managing a young person’s account with us.
A parent or legal guardian can open a Young Person’s Savings Account for a child under 13 with Gibraltar International Bank.
The process takes 3 business days once all documents are submitted.
You’ll receive confirmation by email and text message when the account is active.
To apply visit our branch at Ince’s House, 310 Main Street, Gibraltar GX11 1AA or email us at aodds@gibintbank.gi.
To open a Young Person’s Savings Account, a parent or legal guardian must provide:
– A valid ID for the parent/guardian (passport, driving licence, or Civilian Registration Card).
– Proof of address for the parent/guardian (a utility bill or bank statement dated within the last 3 months).
– The child’s ID (passport or birth certificate).
Apply in person at our branch at Ince’s House, 310 Main Street, Gibraltar GX11 1AA or email us at aodds@gibintbank.gi.
A Parent or legal guardian can apply for a Young Person’s Savings Account by applying in person at our branch or alternatively emailing us at aodds@gibintbank.
The process takes 3 business days. You’ll need:
– A valid ID for the parent/guardian (passport, driving licence, or Civilian Registration Card).
– Proof of address for the parent/guardian (a utility bill or bank statement dated within the last 3 months).
– The child’s ID (passport or birth certificate).
You’ll receive confirmation by email and text message once the account is active.
No, you can access your savings from a Young Person’s Savings Account at any time without incurring fees.
The Young Person’s Savings Account is designed for children under 13.
Yes, parents or guardians retain full oversight and management of the Young Person’s Savings Account until the child reaches 13, at which point the Bank will contact the customer via email to transition to a Teen Account with more independence.
Yes, the Young Person’s Savings Account is available for children up to age 13, at which point it transitions to a Teen Account.
Whilst we can’t open a savings account for a minor, you can open one on behalf of your child and start saving, giving them the best head start.