(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
Win up to R100K for your child’s school fees with your sum1 account
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.
See 2026 pricing guide
See 2025 pricing guide
-
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
Win up to R100K for your child’s school fees with your sum1 account
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.
See 2026 pricing guide
See 2025 pricing guide
Give your child a head start with financial education
Lifestyle
Family financial planning quiz
They say the family that learns together earns together. Whether you’ve got a household of budding financial gurus or are looking for a good way to get your kids to start thinking about things such as cash flow and credit cards, our family financial planning quiz is a good place to start.
Banking & Digital Solutions
4 Reasons why banking should be a family activity
Young children are eager to learn something new every day, and any amount of time that you spend creating positive experiences with your children is time well spent.
Lifestyle
Everyday activities to teach kids financial literacy
Good money habits start with understanding money, and the earlier that foundation is set, the sooner those habits can take root. To foster financial independence and set children up for financial success later in life, it’s crucial to teach them basic financial skills that will help them grow their financial literacy.
Banking & Digital Solutions
Kick-start your child’s financial education with a (sum)1 Account
Classrooms don’t have to be the only place where kids learn. In fact, the most valuable lessons that kids can learn can be taught at home.
Lifestyle
How to teach your child the value of money
Teaching your kids about money to help them understand the value of delaying gratification and saving will establish the foundations for a financially fit future.
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Learn to work: The value of family chores
In an ideal world, all it would take to get your kids to complete basic household tasks would be a polite request or perhaps an entreaty to their shared sense of family responsibility and duty if they’re being particularly difficult. In the real world, however, most kids require a little more material encouragement to develop a good work ethic and get their chores done.
Lifestyle
9 Tips to make travelling with kids easier
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.