account is created for children between the ages of 0 and 16 and is jam-packed with benefits designed to make banking fun and easy. With the (sum)1
account, your child will learn about:
- The joy of depositing money, seeing their balance grow and making a withdrawal to buy that something special, the (sum)1 account is a great platform to teach your child the basics of banking.
- The importance of saving: If your child has a specific item they would like to buy with their money, they can save up for it with their (sum)1 account. Not only will this give them something to work towards, they will also feel a sense of achievement once they have reached their goal.
- The (sum)1 account comes with a debit card that can be used to withdraw cash at any ATM and to buy goods at any store displaying the Maestro, MasterCard or VISA logo. The account can be linked to your account as the parent or guardian and you can deposit money into your child's (sum)¹ account by Stop order, or via internet or cellphone banking, as often as you like.