For parents

Order a Debit Card Plus for your child

  • You can apply for a bank card for a child who is at least 6 years old.
  • The first card is free of issuance fee.
  • No monthly fee for the card until your child turns 20.
  • Contactless payment and Internet shopping options available.
  • Checking the account balance is easier than ever with our new app.

How to open an account and order a card

Open an account and order a card for a child

  • You can open an account for your child as soon as they are born.
  • Bank cards are issued to children who are at least 6 years old.
  • The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old.
  • If your child is older than 6, you need a personal identification document (a passport or an ID card) to open an account.
  • Until the age of 18, the child’s account is linked to the account of their parent or legal representative.
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My child has an account and I want to order a card for them

  • If your child has an account, you can order a card for them once they turn 6.

Order a card

Why order a bank card for your child?

  1. Paying with a card is safer than using cash as the money will stay safe even if you lose the card.
  2. Since the parent has the chance to monitor their child’s expenses and assign a daily or monthly limit for the card, the child can learn to use electronic money under the watchful eye of their parent.
  3. The first card is free of charge and with no monthly fee until your child turns 20.
How to use bank card safely?
Convenient opportunities
  • Contactless payment option
    You can enable the contactless payment option for your child’s card. You can activate and deactivate this option at any time by notifying the bank. The contactless payment option allows you to pay for purchases of up to €25 without having to enter your PIN.
  • Internet shopping
    You can also enable the Internet shopping option for the card. This requires your child to have an Internet and Mobile Bank Agreement and you also need to activate the Internet shopping option in the Internet Bank if you feel that they are ready for this.

Why would your child need the Mobile Bank?

  • They can perform simple transaction by themselves – for example, checking their balance quickly and conveniently on their phone.
  • If they run out of money, they can let you know by using the ‘ask for money’ function that enables you to send them a small amount just as easily.
  • Your child needs to be at least 6 years old to start using the Mobile Bank. You’ll need to download the Mobile Bank app to child’s smartphone and then activate it with passwords which you’ll get from our branches.

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Smart-ID for children

  • If you want your child to use mobile bank and e-school by themselves then the best identification method is Smart-ID.
  • Smart-ID is available for children from 6 years old. It is convenient, safe and free of charge.
  • You can get Smart-ID in one of our branches. Remember to bring with you child’s smartphone and additionally yours and child’s ID-cards or passports.
  • If child has ID-card with PIN 1, you can register Smart-ID online. You’ll have to confirm the registration with your personal ID-card or Mobile-ID.

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How to start saving
  • College Fund+
    One of the options for saving money for your child is College Fund+, which allows you to save money over a longer period.
  • Other saving options
    Alternatively, you can save money for your child by opening a separate account or deposit. Another option is to use the 3rd pillar pension fund or to create a Private Portfolio.

Your child’s future

  1. The time when your child starts out on their own may seem a long way away at the moment, but in order to ensure that their dreams aren’t shattered because of money, it’s a good idea to start thinking now about how to make the higher costs they will incur possible.
  2. For example, the living and study costs of a student for obtaining high-quality education in Estonia are currently 600 euros per month on average.
  3. Your child may also need your help to buy a home, study abroad, etc.

What is purchase insurance?

  1. Purchase insurance is a simple way of insuring your child’s school supplies and sports equipment as well as other durable goods, like clothes and technical gadgets.
  2. To activate the insurance, all you need to do is pay for the item by using a Swedbank credit card that includes purchase insurance.
  3. The insurance is valid for six months and the excess is 30 euros.
  4. Read more

Good to know!
  • The purchase insurance protects durable goods bought with the credit card from unexpected damage, destruction, theft and loss.
  • It also applies to damage caused unintentionally by the cardholder. For example, if the handle of your child’s schoolbag tears off or you burn a hole in the school uniform while ironing.
  • The insurance covers durable goods purchased online or abroad as well.

For children, being able to use their own money is a big and exciting step towards becoming a grown-up. Getting their first bank card feels special and using electronic money takes practice to start with. Here you will find some useful tips that will help children handle money in the right way.

  • Always set a little aside.

  • Always keep track of how much money you have.

  • Wherever possible, pay by card.

  • Never tell others about your money matters.

  • Memorise your PIN and keep it to yourself.

  • Save your money for things you need.

  • If you lose your bank card or if it is stolen, tell your parents right away.

  • The best place for coins is in a piggy bank.

  • If the ATM eats your card, tell your parents right away.

  • Always ask your parents for advice if someone asks to borrow money.