children account
Discover the world with ease!
With a children’s account, children can easily learn how to use a current account and card.
Accounts for children can be opened from birth and almost all banks and savings banks offer them free of charge for minors.
We provide you only free accounts for children in front. The accounts in the child account comparison are natural also for "older children", therefore suitable for pupils and students.
Free child accounts in comparison
Of course, all current accounts for children are offered completely free of charge. The accounts are ideal to use as a student account. Your children will learn how to use their own checking account step by step. However, if you are not looking for a current account for your child, but rather a well-paid child benefit account, you will find this at the top right of the screen.
Test winner 2019 |
Visa prepaid € 0! | |||||
Postbank | Deutsche Bank | Targobank | VW bank | HypoVereinsbank | Commerzbank | wüstenrot |
account providers |
(+ 3,000 REWE stores)
+ Free machine selection 24 times a year
(Still free for e.g. students)
Up to 30 years for pupils, students and trainees
Free for pupils, trainees and students up to 30 years.
Branch bank (deposit cash and advice
possible free of charge on site)
Branches abroad
Cash free of charge worldwide
(possible from 18 free credit card)
Free prepaid credit card (up to 24 years)
Up to 10% discount in many shops
Permanently free account
Best child account in comparison
The best child account is offered by Postbank or Deutsche Bank. Children receive one on both child accounts free bank card to the current account to. Both banks have branches in almost every city. Children can go to the branches Deposit money and with the bank card (possible from the age of 7) free of charge at approx. 9,000 ATMs in Germany withdraw money. The branches and the employees on site give the youngsters an abstract look "financial world" probably better explained than with a pure direct bank.
Deutsche Bank and HypoVereinsbank have a number of branches and partner banks abroad (e.g. Spain, Italy and Portugal) at their ATMs even underage customers with their bank card Withdraw money free of charge can. In many other countries (e.g. the USA, Turkey or England), Deutsche Bank has entered into partnerships so that customers can withdraw money free of charge from partner banks. An advantage on vacation or on a school trip abroad.
Postbank is a subsidiary of Deutsche Bank. Postbank customers can therefore also use Deutsche Bank’s ATMs and their cooperation partners free of charge. Postbank has the advantage that it also offers low-cost checking accounts for adults or, under certain conditions, free checking accounts.
The children’s account remains permanently free?
The youth accounts of the direct Banking, there the "Pocket money accounts" even free for adults. At Deutsche Bank, the exemption from account management fees applies to students, schoolchildren and trainees up to a maximum of 30 years old, at Commerzbank only up to 25 years old (otherwise the account remains free of charge if you receive more than € 1,200 a month) .
With some providers, there are generally no account management fees. If a different current account is still required in adulthood, the children’s account of the presented direct banks can at least be used as a free secondary account. Possibility with the Visa prepaid credit card Volkswagen Bank at almost every ATM Take off the world for free being able to do is an extra, which is also interesting for adults.
From how many years can a current account be opened for children?
A current account may already for newborns be opened. For toddlers, however, a call money account is probably the better choice. In contrast to checking accounts, call money accounts for children earn interest. A child account does in most cases only from about 9 or 10 years Sense. A selection of overnight accounts ("saving account") for children can be found on the top right of our page.
A Bank card Withdrawing money and paying in the store can only be done with a current account for children from 7 years are published because children are only considered to have limited legal capacity from this age. From this age, a child account is generally recommended, since children from the age of 7 or 8 have already gained experience in dealing with money. In addition to cash payments, you can now test card payments and easily manage your pocket money. Of course, the parents can withhold the cards belonging to the account and only give them to the child later or only for certain events (e.g. holidays, school trips).
Who can open a children’s account?
To open an account, all legal guardians (usually the parents) must agree to the opening of the account and identify themselves with a valid photo ID (identity card or passport). A birth or parentage certificate must be presented by the child.
In the case of a branch bank (e.g. Commerzbank), the legal guardians must identify themselves on site and sign the opening application. At a direct bank (e.g. Volkswagen), the legitimacy check is carried out in a post office by a Swiss Post employee. This takes only a few minutes and there is definitely a post office nearby.
A checking account can already be opened for newborns?
A checking account can be opened directly from birth (documents such as the birth certificate are however required).
Due to the lack of interest on a checking account, we would advise you to save a daily allowance account for children or a savings book. However, a checking account has to be used as a reference account in some cases, which is why in many cases even with a newborn you cannot avoid opening a child’s account if you want to save money for the offspring.
There are free credit cards for children?
Three of the above banks offer Prepaid credit cards for children free of charge on. The principle of prepaid credit cards is similar to that of rechargeable cell phone cards. Only the previously loaded card balance can be used.
It is therefore not possible to overdraw the card or even the account. Incidentally, the bank must ensure that it is not possible to overdraw the children’s account.
A credit card makes sense for children?
No (prepaid) credit card is worthwhile for children. These cards only become interesting from adolescence when the first purchases are made on the Internet or cash is to be withdrawn free of charge from the student account abroad (e.g. on a school trip).
Prepaid credit card "in advance" application is worthwhile
However, it is worthwhile to apply for the free prepaid credit card and to put it away in the parent’s drawer for now.
There are hardly any prepaid credit cards for children without an annual fee. Anyone who, like at Volkswagen Bank, has the chance to receive a child’s credit card free of charge should use it. With the VW credit card you can withdraw free of charge at almost all ATMs in Germany and worldwide. This extra is not only interesting for children and adolescents and helps to save ATM fees at home and abroad.
The Volkswagen checking account remains unconditionally free until the age of 27. Only then is a cash receipt of at least € 1,000 required to save the account management fee.
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