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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.

Open account digitally

Book an appointment at branch

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.
document How to use bank card safely?
  • 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 €50 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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  • 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

  • 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.

Never spend every last cent you have – you never know when you’ll need money for something. This is the number one rule when it comes to money. It is the one that people everywhere follow: families, businesses, even governments. In terms of saving money. That way you’ll always know how much you can spend. If you don’t have much left, don’t waste it on sweets – save it up. You can always check an ATM or the Mobile Bank to see how much money you have. If you don’t know how, ask your parents to show you. Paying by card is always safer than paying in cash. If you carry a card instead of cash, you’ll still have your money even if your wallet’s stolen. Nobody can take your money from your bank card if they don’t know your PIN. Your parents undoubtedly pay by card wherever they can – most people dislike carrying a lot of loose cash around in their pockets, after all. And in Estonia you can pay by card pretty much everywhere. Money’s a very personal thing. It’s not something you should boast about; nor should you ask other people about it. Another reason not to brag about having money is because other people might then want to try and get your money for themselves. Think of your PIN as your secret. Never write it down anywhere and never tell anyone else what it is – otherwise other people could get their hands on your money. Share your PIN only with your mum and dad. If you want to buy a new phone, bicycle or something else exciting, don’t waste your money on sweets – save it in your account. Adults save money for the same reason: if they want to buy a new TV, for example, or a new car. They can make sure your card is closed so that no one gets their hands on your money. They can also ask the bank to issue you with a replacement card. That said, you should always take very good care of your card and try not to lose it in the first place. Coins may be small, but they’re big in value. So once your piggy bank’s full, bring it in to the bank. You can come in with your parents or by yourself. The bank assistant will help you put them in your account, and this way you can keep saving. And once you’ve saved enough, you can buy yourself something great. Saving money is important. That way your parents can go to the bank and get you a replacement card so you can keep using your money. If someone wants to borrow money from you, always ask your parents for advice. It doesn’t matter how much they want to borrow. Lending people money is a big deal and you should always discuss it with your parents. They’ll tell you whether they think it’s a good idea or not.

As handling electronic money takes some getting used to, you should also teach your child how to navigate in the digital environment from an early age. Here you will find some useful tips that will help children get prepared.

If you leave your house, what do you do? You lock your door. This is why your computer is protected by a password and your bank card by a PIN – so that no one can access your personal things. Your phone is like a house where your keep your personal things: the phone numbers and pictures of your friends, personal text messages and e-mails and, as you get older, your finances. Therefore, you need to keep your phone locked when you’re not using it.

A safe password has at least eight symbols and alternates between upper- and lowercase letters and numbers. Here’s a tip for creating a password: choose your favourite song and write down the first two lines.

Example: Twinkle, twinkle, little star, how I wonder what you are

  1. Write down the first letter of every word: ttlshiwwya.
  2. Now alternate the upper- and lowercase letters: TtLsHiWwYa.
  3. Replace some of the letters with numbers: E = 3, S = 5, I = 1, B = 8, G = 6.
  4. TtL5H1WwYa – this is a safe password that you will always remember because of the song.
 It’s not a good idea to think up one password and use it everywhere. If somebody guesses your password, they will have access to everything protected by that password. Never download unknown files or answer unknown calls or e-mails until you have talked to your parents or adults you trust. Even a short online survey or an e-mail could be a scam to get your personal details. Download apps from official app stores like App Store or Google Play. If you download apps from unknown stores, you are at greater risk of planting malware or viruses on your smart phone. Before downloading and installing, check how many times the app has been downloaded, what the ratings are and what other users have written about it. There are two types of information: personal and optional. How do they differ? Public information allows others to get to know you. If you say what your favourite food or animal is, you are showing your preferences. Personal information is characteristic of you alone – for example, your name, personal identification code and passwords. Cyber bullies use modern ways to get at other people via smart phones or computers. There are various kinds of cyber bullying. Offending somebody is forbidden – both online and in real life. Don’t say things via a text message or e-mail or in social networks that you wouldn’t say face to face. There are all sorts of dangers on the Internet: bogus websites stealing user names and passwords; adult content in search results; spam; suspicious links; and proposals made in chatrooms or social networks. Ask your parents how to recognise inappropriate and dangerous content. Everything you write (e.g. social media, comments and forums) or upload (pictures and videos) on the Internet will still be there even after you delete it. Information that is uploaded to the Internet is available to everyone. Even if a website has shut down, the information that was stored there can later be found by using a search engine. The information you’ve posted on the Internet may be searched for by your friends but also by your future employers or a school you’re trying to get into. Would you like it if a recklessly written story or uploaded picture embarrassed you later on in life? Using the Internet may lead to various consequences, some of which may be extremely serious. That’s why you must follow the rules that you have agreed on with your parents. Inappropriate behaviour on the Internet could cause you financial damage, harm your reputation and lead to actual punishments. It's worth exploring different options before settling on a fixed amount. Start out by giving your child smaller sums to spend as they please. You can teach your child how to save money by gradually increasing their allowance. This will teach your child how to set goals and save money while increasing their independence. This depends on your values and how mature your child is. An allowance should not be given for doing chores for which the child is responsible anyway. However, it could be used as a reward for completing complicated tasks. Show them how much money you spend on utilities, transport, food, leisure and loan payments. Teach your child how to make a shopping list and reasonable purchases Make an agreement with your child specifying which expenses are their responsibility and which will be covered from the family budget (e.g. clothes, entertainment and phone bills). Together with your child, discuss the influence a loan has on the total cost of the purchase and compare it to saving. For instance, you could discuss how much computers, holidays and university education cost, how to save money for them and how long it will take. Explain to them that every now and then you have to give up certain things for the sake of fulfilling larger dreams and wishes. Acknowledge your child's success in reasonable budgeting and achieving their goals. Parents and other relatives play an important role in shaping children's attitudes. Children get their general understanding of money by studying the way their family members use their everyday budget. Your child’s money is safe with a bank card, because card may be lost, but the money will not.

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