Children's bank card: is it possible to issue up to 14 years

Bank cards have become a common form of payment for goods and services for many of us, because getting plastic is quite simple, for this you just need to contact any commercial bank. But that's not all, even children, starting from school age, can use plastic, insofar as banks provide such an opportunity. Therefore, we will consider what advantages a children's bank card provides in the process of registration and use, as well as a list of banks where it can be purchased.

Why does a child need a card

It is important for every parent to teach their child how to handle money, and it is desirable to instill such skills from early childhood. Another advantage of plastic over cash is that it is almost impossible to steal money from it, even if the child loses his plastic, the funds on it will be under the reliable protection of the bank.

By the way, parents can always control the expenses of their child. Why? Because it is they who decide how much he can spend in one day and month. In addition, modern technologies allow holders of the main card to receive notifications of all spending transactions via SMS messages. So, for example, if the holder of additional cards pays for a purchase in a store or withdraws cash through an ATM, the owner of the bank account will immediately receive a report on the transaction, which will indicate the amount of withdrawal and the name of the outlet or the address of the ATM.

Please note that a bank card is a more reliable way to store the money that each parent allocates to his child for pocket expenses.

In fact, one can talk about the benefits of a plastic card for a child indefinitely. Insofar as banks provide plastic cards to children from 7 years old, in order to attract the maximum number of customers, they offer various programs, for example, the piggy bank service, with its help you can save a certain amount to a separate blocked account, and in the future spend it on the realization of cherished goals.

By the way, as already mentioned, parents set a limit on monthly expenses for their child, he can spend only within the allowable amount, the balance of funds does not transfer to the next month. This allows you to avoid those expenses that the child is forbidden by the parents.

How to draw up and use the card

First of all, it should be noted that bank cards for children under 14 are not a separate independent plastic, because in general, the process of issuing a bank card begins with opening a personal account. In simple words, your money is not stored on the card, it is placed on a bank account, and plastic is just a key to the account, respectively, if it is lost, the client’s money is not in danger if he managed to restrict access to it (block) in time.

So, to open a bank account, a client will necessarily need an identity document, children under the age of 14 do not have it insofar as a passport can only be obtained when they reach 14 years of age. Accordingly, only his parent or legal representative can deal with plastic registration. The registration procedure in all banks is almost the same, that is, the client must contact the bank branch directly and write an appropriate application from the documents he may need:

• passport;
• child's birth certificate.

As a rule, a certain period of time is allotted for the manufacture of plastic, from several days to 2 weeks. On the appointed day, the card will be ready, you need to pick it up. Many cards, at least they meet the security requirements, are personalized, children's cards display the name of its immediate owner.

Please note that the child's card account is tied to the parent's account, and it can only be topped up by wire transfer by the main card holders.

For example, if grandparents want to give their grandson a gift and send him a money transfer to his plastic account, they cannot do this for the reason that the funds will still be credited to the main card. But in the future it will be possible to replenish the account with an additional one.

Each parent is more concerned about the expenses of their child, so banks have taken care of the safety of children's plastic cards. In addition to the fact that parents can track all spending transactions of the child, replenish his account, set a limit, block the card and manage his account through remote services, they can prohibit certain types of expenses, for example, withdrawing cash from an ATM or paying for purchases via the Internet.

By the way, a very important point - the parents' card must be debit, that is, you cannot link additional plastic to a credit account. Do not forget that the bank charges a fee for the issuance and maintenance of plastic, when it comes to a children's card, as a rule, it is either half the price or issued free of charge.

If the potential cardholder is over 14 years old, he can open the card in his own name. That is, a separate independent plastic. To do this, he will need to provide his passport, an identity document of one of the parents and his written permission. From the age of 14, a teenager can independently manage personal funds, in addition, such a card can be used by him to receive wages or social benefits.

Which bank to contact

The opportunity to get a plastic card for a minor child appeared not so long ago, more precisely, teenage cards from the age of 14 appeared on the financial services market a long time ago. But from the age of 7, not all banks issue plastic. Let's take a look at a few current offerings.

Alfa Bank

A debit card for a child under 14 from Alfa Bank has a bright design and unlimited possibilities. The Bank offers parents to issue a card with an individual design for a child under 14 years old, linked to their account, and after 14 years old to a separate one, opened in his name. That is, if a teenager has reached the age of 14, he can independently open a bank account and issue a card worth only 790 rubles a year.
What options does the bank offer?

1. Track a minor's expenses with a mobile parenting app.
2. Cashback up to 5% when paying bills in cafes and restaurants.
3. The ability to make transfers in a mobile application.
4. Piggy bank service for the child's own savings.

It is worth explaining how the piggy bank service works, a certain amount, for example, 10% of all expenses, will be blocked on a separate account. That is, as the card pays for goods and services, it will accumulate the amount by which the bank calculates the account balance of 7% per annum.

Please note that you can order a children's card at Alfa-Bank without visiting the office, this can be done online.

VTB Bank of Moscow

There is no special offer for children here, but, nevertheless, the bank allows its customers to open an additional card, including for minor children. Additional plastic is opened to any debit card of VTB Bank of Moscow. At the same time, additional plastic will have the same functions and advantages as the main card. The owner of the bank account will receive a monthly report on expenses on additional cards and set limits.

Binbank

Another bank that offers a debit card for children from 7 to 17 years old. To receive it, her parents must order a card and link additional plastic to her account. By the way, if you already have a card, then you do not need to do this. Further, you can order a children's card online on the official website of the bank. Issue and maintenance costs, then its cost is 50 rubles per month.

As for other terms of service, replenishment of the card account is free of charge, and no commission is charged for cash withdrawal from the bank's ATM. Among other things, the bank offers 7% per annum on the account balance, free SMS informing and a monthly report by e-mail to the owner of the main card. Here, parents can certainly keep track of their child's expenses and set limits and limits on his account.

Sberbank of Russia

At Sberbank, parents can issue an additional card for their child if they use a debit card. You can issue additional plastic for almost any bank card, except for personal and youth cards. The terms of use here are the same as elsewhere, that is, parents set a limit on daily and monthly spending and receive an SMS notification (if the Mobile Bank service is connected) about all expenses.

You can issue additional plastic at any branch of Sberbank. In addition, in order to set a limit, parents must contact Sberbank directly, or rather, this must be done if you want to change the limit, otherwise, from the first day of each month, the limit that is valid in the previous period will be set.

Advantages and disadvantages

In fact, issuing a bank card for a child allows parents to control their current expenses as much as possible, track all transactions, set restrictions and limits. That is, a young user from early childhood learns to control expenses and manage their finances. At the same time, both parents and children can be calm for the safety of funds.

If we talk about the shortcomings, then there are practically none. The only caveat is that when choosing a card for your child, special attention is paid to the cost of annual maintenance and other conditions. By the way, as you can see, some banks offer additional bonuses in the form of interest on the balance, while others do not.

Please note that the additional card has a validity period and, as a rule, it is equal to the validity period of the parent's plastic, that is, after it expires, you need to contact the bank again so that it reissues the card.

To summarize, is it possible to issue a bank card for a child? Certainly yes. Moreover, several large commercial banks offer this service, so parents can choose the one with which they are already cooperating or which offer the most favorable conditions. By the way, it is impossible not to note the fact that when choosing a card for a child, you should definitely pay attention to how much the owner of the main plastic can exercise control over the expenses of his child.