Kids bank account

To open a Revolut Kids & Teens account, you need to be a legal guardian and have an existing Revolut account. You can then set up a Kids & Teens account for your kid or teen through your main Revolut app.

With Revolut, your kids can have a Kids & Teens account when they're between 6-17-years-old.

Yes, you can open a Kids & Teens account in a few taps directly through the main Revolut app.

It's free for one account with the Standard plan, but you'll need to upgrade if you want to include multiple kids, each with their own account. Other fees like personalisation of debit cards may apply. See full information in our T&Cs.

Opening a Revolut kids bank account is a quick and simple process done entirely through your existing Revolut app. To get started, you must be the legal parent or guardian and have a Revolut Personal account.

Here is a step-by-step guide:

1. Open or download the Revolut app: from your home screen and navigate to Kids & Teens
2. Add a new account: tap on the option to create a new account for your kid
3. Enter their details: fill in your kid's name, date of birth, and follow the on-screen prompts
4. Order their card: once the account is set up, you can order a personalised kids debit card for them directly from your app

Yes, the parent who created the account can invite another adult, such as a co-parent or guardian, to help manage it. This feature is typically available on Revolut's paid plans and allows the co-parent to send money to the kids account and view transaction history. However, the original parent remains the legal owner and has full control, including the ability to remove the co-parent at any time and withdraw funds from the account.

When a kid turns 16, their Revolut kids account remains active and they can continue to use it. At this age, they are also eligible to open their own, independent teens account and manage their own Standard plan, with a Revolut 16-17 account. They can then seamlessly transfer their funds from the Revolut kids account to their new personal account, which provides a greater level of financial independence. This is a key step in their financial journey, giving them more control as they prepare for adulthood.

With a Revolut kids account, your kid can gain financial independence while you keep oversight. The account is designed to help them learn about money in a safe, real-world environment.

Here are the main things your kid can do:

• Spend money: they can use their personalised physical or virtual debit card to make purchases in-store or online
• Receive money: they can instantly receive money from a parent or co-parent, either as a one-time transfer or a regular allowance
• Set savings goals: they can create savings goals and track their progress to learn about the value of saving for a specific item or event
• Track spending: their app provides real-time notifications for every transaction, helping them to stay on top of their balance and understand where their money is going
• Secure their card: if they misplace their card, they can instantly freeze and unfreeze it from their own app

A Revolut kids account works by linking your child's independent app and debit card directly to your own Revolut account. It is a sub-account that you manage entirely from your main app, giving you full control and oversight.

Here is a simple breakdown of how it works:

• You are in control: you are the one who adds money to the kids account, either with instant top-ups or by setting a regular allowance. From your app, you can also set spending limits and receive instant notifications for every purchase.
• They get independence: your child gets their own app to see their balance, track their spending, and set savings goals. They can use their personal debit card to make purchases, just like a regular bank card.
• It's secured: you can instantly freeze or unfreeze their card from your phone, so you have complete peace of mind.

Opening a kids account is a powerful way to teach them the value of money in a safe, modern environment. It helps them build foundational financial habits that will last a lifetime, all while giving you the peace of mind that comes with complete oversight.

Here’s why it’s a smart choice for both you and your kid:

• For them: it gives your kid the financial independence of their own debit card and app. They learn to track their spending, set and achieve savings goals, and understand budgeting in a practical way.
• For you: you get total control and visibility. You can set spending limits, receive instant transaction alerts, and freeze their card at any time, making it a safe way for them to explore the world of money.
• For the family: it simplifies allowances and chore payments, moving away from cash and giving you a clear record of their finances. It’s an essential tool for preparing them for a financially savvy future.