Found 25th Jun 2008
Needing a bank account that allows me to use chip n pin and paypal, and not go overdrawn.

Rep given for good advice =]


thanks

30 Comments

Banned

Visa electron ... thats what i had anyway (HaliFax)

if you look all banks will more than likely do an account for under 16s which inlude a solo or visa electron debit card and don't let you go overdrawn..

i personally prefer nat west

Original Poster

umanga;2390033

if you look all banks will more than likely do an account for under 16s … if you look all banks will more than likely do an account for under 16s which inlude a solo or visa electron debit card and don't let you go overdrawn..i personally prefer nat west



Well ive got a Nationwide Smart Card, but it works on link.

I opened an account with the halifax when i was 14 and am still with them now. Would reccomend an account with them if you are looking for a new one

Best Bank Account for 15 yr old



Ain't the answer Mum & Dad?? lol

daughter's is natwest as she looked herself for an account which offered incentives
she has a cash card and cant go overdrawn-she can use it in shops too.

Barclays Visa Card will allow you to do all this and more, eg online shopping. And it's a normal visa card, not an electron.

Original Poster

Whats the halifax one called, im also looking into this:
]http//ww…htm

I'm 16, I decided to apply for HSBC MyMoney, good interest rate, provides a Solo card and can't go overdrawn.

I would say Natwest all the way!
I have had my account since year 7 (11?) and am now 18 and find every aspect of their service excellent.

I have also got accounts with Nationwide (which was recently changed) and Barclays, and none come close.
Hope this helps :thumbsup:

I heard one of the money experts say if they putting regular money in the best interest rate is usually the ones that dont offer freebies for under 18s and also said fill out a tax form so they dont tax the account.

Original Poster

So what accounts can i get that run on Visa., thanks.

You need to be 18 to have a paypal account.

Get a HSBC one. You can use it on the internet and with Paypal ect...

t0mm;2410618

You need to be 18 to have a paypal account.



Really?:whistling::whistling:

The JFK;2410633

Really?:whistling::whistling:



Yes.

Lloyds TSB do a Visa debit.

Edit: I think you may have to be 16 though....

you're not allowed a full debit card until you're 16 whatever bank.it will be Visa Electron or one of the others depending on your bank. I think it's called Solo or Maestro.

Hsbc.

Original Poster

warmapplepie;2410639

you're not allowed a full debit card until you're 16 whatever bank.it … you're not allowed a full debit card until you're 16 whatever bank.it will be Visa Electron or one of the others depending on your bank. I think it's called Solo.



Oh ok, visa electron then!

lol i had a paypal account when i was like 15.

Its like ebay, none of them actually check your age.

t0mm;2410635

Yes.



Well you don't "need" to be 18 to have a Paypal account.

Maybe you 'should' be 18, but you don't need to be.

birdyboyuk;2390138

Ain't the answer Mum & Dad?? lol



Whats the interest rate?

Original Poster

HSBC is solo, i would rather not have that.

i thought solo was better than visa electron
anyway, hsbc never got back to me so i've just gone with natwest

halifax offer a visa electron if thats what you prefer

pikachu12;2410801

i thought solo was better than visa electronanyway, hsbc never got back … i thought solo was better than visa electronanyway, hsbc never got back to me so i've just gone with natwesthalifax offer a visa electron if thats what you prefer


natwest are poor accounts which you will find out when you need to change!
rubbish for interest rates

t0mm;2410636

Lloyds TSB do a Visa debit.Edit: I think you may have to be 16 though....



According to the Guardian they now offer the Visa Debit to children from 11 years old!
guardian.co.uk/mon…irs

abbey 11-15 account is pretty good reverting to a 16-18 when he/she turns 16 and then to a full bank account option once he/she turns 18

pikachu12;2410801

i thought solo was better than visa electronanyway, hsbc never got back … i thought solo was better than visa electronanyway, hsbc never got back to me so i've just gone with natwesthalifax offer a visa electron if thats what you prefer



Good choice. Like I have probably said before, I have had a Solo card since I was 11, I remember buying GTA when i was about 13 :giggle: (From Amazon)

MoneySavingG;2410825

According to the Guardian they now offer the Visa Debit to children from … According to the Guardian they now offer the Visa Debit to children from 11 years old!http://www.guardian.co.uk/money/2008/jun/28/banks.consumeraffairs



new to mw!
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