Accounts can be opened in the sole name of a child from 13 years old, or with adults as nominees for all children under 18 years old.

When completing an application for a new account, the child’s details should be completed as the first named account holder, and anyone wishing to act as nominee should be added after.

If you are acting as nominee for a child, you can continue to manage their account until you wish to transfer control to them. Any withdrawals made must be for the benefit of the child named on the account.

If you wish to cease acting as a nominee and transfer an account to the control of a child/young saver who has reached 13 years or older, please contact us using the details below.