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Introduction > Banking Services > Bank Accounts > Accounts for youth

Accounts for children and students under 18


Accounts for children under 15

You can set up a bank account for your child as soon as he or she is born, and he or she can have his or her first payment card from the age of 8. Deposit money from grandmothers or send pocket money and teach how to manage his/her own finances. Your child only has passive access to Internet Banking, so he or she cannot send online payments or make other changes to the account. In addition, there are preset limits for card payments and ATM withdrawals.

 

  • A child can have an account in their name from birth
  • All outgoing and incoming domestic payments in CZK are free
  • The child can open a personal account, a savings account or a time deposit
  • Opening and maintaining a personal account and savings account is free of charge
  • Mastercard or Visa payment card for children from 8 years old with preset limits for payments and ATM withdrawals (up to 15 years old max CZK 5000 per week), we send the PIN to the card by post and its sending is free of charge. To issue the card, the child must be present in person with his/her own ID.
  • Withdrawals from Fio banka ATMs always free of charge
  • Unlimited free withdrawals from any ATM in the Czech Republic and abroad with Visa card
  • Only the legal representative can manage the account
  • The child can activate the Smartbanking app in passive mode so that they can monitor the account and learn financial literacy.

Accounts for students aged 15 to 18

From the age of 15, children can use Internetbanking in much the same way as adults! All a legal guardian has to do is to stop by any branch and sign a protocol for setting up authorization instructions for their child.

Minors can then make payment orders in Internetbanking up to the set limit (preset to CZK 15,000 per month, the parent can reduce the limit at his/her choice), activate the payment card themselves, set up notifiers, manage templates, change payment card limits, and activate the 3D Secure service for online payments. In short, they can perform most of the actions that require additional authorization by SMS code/push notification.

  • The account is still free, just like a Fio savings account or time deposit
  • Card activation takes place in Internetbanking and then at an ATM
  • Higher limits for card payments and ATM withdrawals (CZK 15,000 per week)
  • Withdrawals from Fio banka ATMs always free of charge
  • Unlimited free withdrawals from any ATM in the Czech Republic and abroad with Visa card
  • All outgoing and incoming domestic payments in CZK are free
  • Free use of Internetbanking and Smartbanking

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How to get an account for children and students under 18

  • An account for a child from birth to 15 years of age can be opened by his/her legal guardian at any of our branches. All you need to do is bring your ID and the child's birth certificate. In case the parent has registered the child in an ID card/passport, this document will be sufficient. All transactions with the account, including sending payments, are carried out only by the legal representative (setting up, cancelling the account, giving instructions), either in person at the branch (up to 5k per month) or in their Internetbanking (up to 15k per month).
  • To issue a payment card (for children from 8 years of age), the child must be present in person at the branch with his/her own ID.

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