For parents

Support your child taking their first steps in the world of money too

Debit card is free of charge until your child turns 20.
You can order a bank card for your child from the age of 6.
You can conveniently view and manage your child's account from your Internet bank.
With mobile app, your child can see their account balance, and can quickly ask for more money.
NEW! Easy Saver – a free smart solution that teaches your child how to save money step by step.

Overview of banking services for children

	For children up to 5 years Open account digitally	For children aged 6 to 17 years Open account digitally
Bank account Opening an account for a child If your child is less than 7 years old, you only need their personal identification number to open an account. If your child is 7 or older, you need their Passport or ID card to open an account. The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. If you’d like your child to be able to use the mobile app on their phone, create a Smart-ID for them. If your child has an ID card, you can create the Smart ID online.	0 €/month You can open an account for your child as soon as they are born. You only need their personal identification number.	0 €/month For children aged 7 years or more you need your child’s passport or ID card to open an account.
Bank card Why order a bank card for your child? Paying with a card is safer than using cash as the money will stay safe even if you lose the card. The parent can monitor their child’s expenses, and assign daily or monthly limits for the card. That way the child will learn to use electronic money under the watchful eye of their parent. The first card is free of charge and without monthly fee until your child turns 20. How to use bank card safely?	-	0 €/month until your child turns 20 You can order a bank card for your child, if they already have an account and are 6 or older. 0.32 €/month until your child turns 26
Viewing the card's PIN code in the app To view your card’s PIN code in the app, log in and tap on the "Cards" section in the bottom menu. Choose your card and click "Card PIN". After tapping, confirm it with your chosen authentication method. The card’s PIN code is shown for 30 seconds. Do not show your PIN code to other people.	-
Contactless payments You can enable the contactless payment option for your child’s card via your Internet Bank. Whenever need be, you can activate and deactivate this option. The contactless payment option allows you to pay for purchased of up to €50 without having to enter your PIN. Read more about contactless payments Mobile contactless payments	-	Parent can allow or restrict.
Online shopping You can also enable the online shopping option for the card. This requires your child to have an Internet and Mobile Bank Agreement. You can activate the online shopping option in the Internet bank once you feel that your child is ready for it. Read more about online shopping	-	Parent can allow or restrict.
Mobile app for a child The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. Why would your child need the mobile app? Your child can perform simpler transaction by themselves – e.g. check their balance quickly and conveniently. If your child runs out of money, they can ask you for more by using the „Ask for money“ function. You can then conveniently send them money in your mobile bank. Your child needs to be at least 6 years old to start using the mobile bank. You’ll need to download the mobile app to the child’s smartphone and then activate it with the passwords received from our branch. Read more	-	Parent can also allow only the account balance to be viewed.
Smartphone or smartwatch payments New payment options from 6 years of age In addition to the card, your child can also conveniently pay with a smartphone or smartwatch. It is possible to use Apple Pay, Google Pay, Swedbank app or Garmin and Fitbit smartwatches. You can also see your digital wallets and service providers (if they support a digital card solution) associated with your card in our app. See user manual NB! Apple Pay and Google Pay are available from the age of 13.	-	Starting from 6 years.
Easy Saver Easy Saver helps your child to collect money step by step on their own. Easy Saver works in a very simple way: the amount of each card payment is rounded to the next full euro, and the difference is transferred to the child’s Easy Saver. If necessary, the child can turn Easy Saver on or off at any time, and the saved money can be withdrawn too. To use the Easy Saver, the child must have an Agreement of Teleservices and the "all services" profile activated. Your child's account information is used for the Easy Saver. You can read more about the principles of data processing here.	-
Saving for your child: College Fund + One of the options for saving seed money for your child is College Fund+, that is meant for long-term saving.
Investing for your child Additionally, you can use any other investment possibilities to save money for your child. You can do so on your own or on your child’s account. Read more about opening of securities account.

Until a child turns 18, their account is linked to the account of their parent or legal representative.

Easy for children. Starting from 6 years

With the app a child can:

quickly check their account balance in their phone;
conveniently ask for more pocket money by using the “Ask for money” function;
switch on or off the Easy Saver tool.

Smart-ID for children

If you’d like your child to use mobile bank and log in to e-school by themselves, the most convenient identification method is Smart-ID.
Smart-ID is available for children from 6 years old. It’s convenient, safe and free of charge.
If your child has an ID card, you can create a Smart-ID for them online.
You can also get a Smart-ID in one of our branches. For that, visit the branch with your child, and remember to bring with you both your child’s smartphone, as well as your own and your child’s ID cards or passports.

Possible total monthly savings
30EUR

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

Write down the first letter of every word: ttlshiwwya.
Now alternate the upper- and lowercase letters: TtLsHiWwYa.
Replace some of the letters with numbers: E = 3, S = 5, I = 1, B = 8, G = 6.
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.

Easy Saver

Easy Saver helps your child to collect money step by step on their own. Easy Saver works in a very simple way: the amount of each card payment is rounded to the next full euro, and the difference is transferred to the child’s Easy Saver. If necessary, the child can turn Easy Saver on or off at any time, and the saved money can be withdrawn too. To use the Easy Saver, the child must have an Agreement of Teleservices and the "all services" profile activated. Your child's account information is used for the Easy Saver. You can read more about the principles of data processing here.

College Fund+

One of the options for saving seed money for your child is College Fund+, that is meant for long-term saving.

Investing for your child

Additionally, you can use any other investment possibilities to save money for your child. You can do so on your own or on your child’s account. Read, how to invest for your child.

For parents

Support your child taking their first steps in the world of money too

Overview of banking services for children

For children up to 5 years

For children aged 6 to 17 years

Opening an account for a child

Why order a bank card for your child?

Why would your child need the mobile app?

New payment options from 6 years of age

NB! Apple Pay and Google Pay are available from the age of 13.

Easy for children. Starting from 6 years

Smart-ID for children

New! Teach your child to save in small but smart steps with Easy saver.

Easy Saver

College Fund+

Investing for your child

Offers and discounts

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