from age-appropriate apps to payday planning
Saving can be done through different methods and it is never too late to start saving some money. Some parents prefer that their children start managing their money from a young age, even if it is under their control and thus have certain notions of financial education. That is why many open a bank account for their children from when they are little.
The best bank accounts for minors
When parents seek to open a bank account for their children and allow minors take their first financial stepssome of the aspects they look at are whether their pay can be scheduled, their financial education encouraged, or whether they can save with a vision for the future. For this reason, the comparator HelpMyCash has published the two best options to open a bank account for the little ones.
One of the recommended accounts is BBVA online account for minors. With it, children will be able to see their income and have an app adapted to their age, make bizum, a card with preset limits and save commissions in other countries. For their part, parents will be able to control all movements at the moment, schedule their payday, help them save or domiciliate scholarships and aid.
They also recommend the Revolut 18 accountwhere parents can set a spending limit, set trusted contacts for transfers, and add a co-administrator for the account. With this account, children will be able to see their income and monitor their expenses, make instant payments, earn money for challenges they complete such as picking up the room and paying around the world.
