(sum)1 Banking Account
It's never too early to spark your child's interest in saving and spending wisely. Our (sum)1 Account, designed for kids under 16, comes with fantastic perks and a bank card with zero monthly fees.
No
Monthly fee
No
Monthly income required
Why your kids need their own bank account
Smart money choices
Teach your kids important money lessons with an account designed for beginners
Zero fees
Your kids can experience all the advantages of a bank account without any monthly fees
Junior Perks
Enjoy discounts from your kids' favourite food joints, stores, entertainment spots, and so much more
Easy monitoring
Easily manage your kid’s account via your Banking App or Online Banking and enjoy peace of mind
Need help?
What you get
- Exclusive access to Junior Perks so you can spoil your kids at their favourite retailers like Krispy Kreme, Nando’s & Burger King. Plus, get free movie tickets at Ster Kinekor
- Bank card with automatic lost card protection
- Unlimited free swipes at till points
- 10 Free electronic debit transactions a month, including:
- Prepaid airtime purchases
- Electronic inter-account transfers
- Electronic account payments
- Free cash withdrawals up to R1 000 at our ATMs
- Free cash deposits at our ATMs of up to R1 500
- Free balance enquiries when you dial *120*2345#
- Notifications on transactions via MyUpdates
*T&Cs apply
Personal transaction accounts T&Cs
General T&Cs
How to get it
As a parent, you don’t need to bank with us to open an account for your children.
- You can complete the Call me back form
or - You can visit your nearest branch and bring the following documents:
- Your child’s birth certificate*
- Your ID (parent or guardian)
- Proof of residence not older than 3 months
*You must be under 16, and be an SA citizen
What it costs
- No monthly fee
- Pay as you transact rates apply after you have used your bundle services for the month.
-
What you get
-
How to get it
-
What it costs
- Exclusive access to Junior Perks so you can spoil your kids at their favourite retailers like Krispy Kreme, Nando’s & Burger King. Plus, get free movie tickets at Ster Kinekor
- Bank card with automatic lost card protection
- Unlimited free swipes at till points
- 10 Free electronic debit transactions a month, including:
- Prepaid airtime purchases
- Electronic inter-account transfers
- Electronic account payments
- Free cash withdrawals up to R1 000 at our ATMs
- Free cash deposits at our ATMs of up to R1 500
- Free balance enquiries when you dial *120*2345#
- Notifications on transactions via MyUpdates
*T&Cs apply
Personal transaction accounts T&Cs
General T&Cs
As a parent, you don’t need to bank with us to open an account for your children.
- You can complete the Call me back form
or - You can visit your nearest branch and bring the following documents:
- Your child’s birth certificate*
- Your ID (parent or guardian)
- Proof of residence not older than 3 months
*You must be under 16, and be an SA citizen
- No monthly fee
- Pay as you transact rates apply after you have used your bundle services for the month.
Give your child a head start with financial education
Lifestyle
Family financial planning game
Equipping our children with strong money management skills isn't just helpful; it's essential for their future financial stability. The most valuable financial lessons children learn come directly from the examples and guidance they receive within their own family. By involving your children in practical discussions and decisions, appropriate for their age, you're not just teaching them about rands and cents; you're instilling critical thinking, responsibility and the confidence to navigate their financial future.
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Building a strong understanding of money early in life lays the groundwork for sound financial habits. The sooner children grasp these concepts, the better equipped they become for financial independence and success in the future. Cultivating basic financial skills is key to growing their financial literacy.
Banking & Digital Solutions
Build financial habits early with a (sum)1 Banking Account
Exposing children to money management early not only equips them with critical life skills that cultivate confidence but also empowers them to make smart, informed decisions as they grow into financially responsible adults.
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Understanding how money works is a valuable skill for anyone, and nurturing financial awareness from a young age can set children up for making good choices, feeling responsible and becoming more independent as they grow.
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Getting children involved in household tasks can naturally help them learn about responsibility, develop practical skills and appreciate their contribution to a shared home. However, encouraging consistent and enthusiastic participation in these activities often involves more than just routine requests and can sometimes be a delightful challenge to inspire.
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Going away as a family is an opportunity to share some memorable moments. Here are a few tips to make your next trip a great experience for the whole family.
Tips and guidance
Get started
Get started
Learn how to manage your new account and card.
Use your card
Use your card
View your PIN and change your card limits.
Keep your card safe
Keep your card safe
Change your PIN and protect yourself from scams.
Register now to benefit from paying with your Credit, Cheque or Debit card.
We also offer
Credit cards
Instant access to money you’re not carrying as cash. Money you can spend safely and easily in-store, online or overseas.
MarketLink savings account
Enjoy the benefits of a bank account while saving money for a rainy day.