FNBy Education | Under 18s Bank Account with Zero Fees | FNB (2024)

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What you get

Little-by-little we approach money management from an early age. Today we open an account, tomorrow we start saving.

Get ready to bank with:

  • Zero monthly account fee
  • A personalised FNBy bank card delivered via courier
  • Pay zero cash deposit fees for ATM and in-branch cash deposits of up to R500 per month*
  • Up to 1GB back in FNB Connect data when purchasing data, voice minutes or SMS bundles from your FNBy Account with FNB Connect
  • A linked FNB Savings Account with Bank Your Change® at no extra cost, with a preferential interest rate
  • Payments made easy with Scan 2 Pay on the FNB App, Tap to Pay with their FNBy card and split the bill between friends using GEO Payments

*Thereafter standard transactional fees apply
Terms and conditions apply

A thriving future for little ones +

When you open an FNBy Account for your little one under 18, they will get a head start in their savings and financial journey towards their future. With the additional help of a linked savings account, they can learn to save from an early age.

Features everyone will love

Perfect for the parents

Get the peace of mind every parent/guardian needs with features such as; the ability to track your child's spend, cancel and order cards, and maintain their card limits, via your FNB Banking App. By opening an FNBy Account and growing the balance on a monthly basis, parents/guardians could collect up to *1000 eB points every month.

*Only applicable for children under 18 years of age.
Terms, conditions and reward rules apply.

Made for the kids

Because they get:

  • A personalised FNBy bank card
  • A linked FNB Savings Account with Bank Your Change at a preferential interest rate
  • Get rewarded with WhatsApp Messaging* on us on your FNB Connect SIM every month.

Fit for the whole family

Banking with FNB has never been more rewarding. Get up to 40% back on your Netflix and Spotify subscriptions as well as up to 40% off* selected flights with eBucks Travel for you and your family. Visit the eBucks website for more info.

Plus, you could also qualify for an additional Wimpy voucher and Kauai smoothie when you have at least one child added to My Family under your profile on the FNB App.*Discount excludes taxes

What you get

Little-by-little we approach money management from an early age. Today we open an account, tomorrow we start saving.

Qualifying criteria

  1. Must be a South African citizen
  2. Children need to be 18 years or younger
  3. Parents/guardians need to be registered for Online Banking

Documents needed

If you're under 18 your parent/guardian needs to accompany you and have:

  • A copy of a parent/guardian's valid South African identity document
  • The child's unabridged or abridged birth certificate or a valid South African identity document
  • Proof of residence (not older than 3 months) and a signed declaration proof of residence form per child

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).

FNBy Education | Under 18s Bank Account with Zero Fees | FNB (4)

FNBy Education | Under 18s Bank Account with Zero Fees | FNB (5)

FNBy Education | Under 18s Bank Account with Zero Fees | FNB (6)

FNBy Education | Under 18s Bank Account with Zero Fees | FNB (2024)

FAQs

What kids bank account has no monthly fees? ›

Use their contacless debit card online, in shops and at cash machines. Smart Start accounts won't come with any monthly fees and no arranged overdraft - they can only spend what's in their account.

Which bank account is best for students under 18? ›

SBI Pehla Kadam is a savings account designed specifically for minors (children below 18 years old) offered by the State Bank of India (SBI). This approach is an excellent method to familiarize your child with savings and introduce them to fundamental banking principles.

Does FNB have an account for kids? ›

Get a Youth Account + make your pocket money grow

For kids younger than 18 years. Save on banking fees and get lots of other stuff.

How much does FNB Youth account bank charge? ›

Zero monthly account fee. A personalised FNBy bank card delivered via courier. Pay zero cash deposit fees for ATM and in-branch cash deposits of up to R500 per month* Up to 1GB back in FNB Connect data when purchasing data, voice minutes or SMS bundles from your FNBy Account with FNB Connect.

What is the best bank for under 18? ›

If interest isn't important, here's an overview of the rest
AccountRate (AER variable)Min/max age
Lloyds Under-19s0.5% up to £1,00011/17
Metro Bank CashNone11/No max
NatWest Adapt2.7%11/17
RBS Revolve2.7%11/17
4 more rows

What is the free kids debit card with no monthly fees? ›

Designed with kids ages 6-12 in mind and available for kids ages 6-17. Chase First Banking has a $0 Monthly Service Fee.

Which bank allows you to open an account under 18? ›

Best Teen Checking Accounts Of September 2024
CompanyForbes Advisor RatingFor Ages
Capital One MONEY Teen Checking4.88+
Chase First Banking℠4.36 to 17
Alliant Credit Union Teen Checking4.013 to 17
Copper Banking3.76+
1 more row
Aug 30, 2024

What is the best savings account for child's education? ›

A 529 plan is a great way to save for your little one's education, but it isn't the only way. You could put some of your college savings in a 529, some in a traditional savings account, and sprinkle a little more into a Roth IRA.

Which bank is best for kids to open an account? ›

Best for earning a high APY: Alliant Credit Union Kids Savings Account. Best for setting savings goals: Capital One Kids Savings Account. Best for financial education: PNC Bank S is for Savings. Best for younger kids: USAlliance Financial MyLife Savings for Kids.

Does FNB offer student accounts? ›

Easy + convenient

A bank account designed for students between 18 and 25 years, who are studying towards a degree or diploma (minimum three years). Apply now!

Which FNB account is the cheapest? ›

Easy PAYU
  • Easy PAYU. R6.50 p.m. Required Income. R0. FNB Easy PAYU, still SA's most affordable bank account* ...
  • Easy Bundle. R69 p.m. Required Income. R0. ...
  • Aspire. R115 p.m. Required Income. R84 000. ...
  • Premier. R240 p.m. Required Income. R300 000.

How to open FNB Zero account? ›

A zero monthly fee account

Zero monthly account fee, zero debit orders and zero paperwork. Dial *120*277# and open an account in less than 5 minutes. Get it now!

Is FNB account free? ›

No monthly account fees, No debit orders, top up airtime or data at no extra costs, plus send and receive money with eWallet, no hassles.

Which bank is the best for kids in South Africa? ›

Below is the list of kids' bank accounts from South Africa's biggest banks and their benefits:
Bank NameName of AccountAge
NedbankNedbank4Me0-15 years
AbsaMegaU0-19 years
AbsaMegaU Savings Account0-19
FNBFNBy0-18
1 more row
Nov 5, 2020

What is the monthly fee for FNB? ›

It's also easy to use, with a choice between the FNB Easy Smart Option (R62 per month) or the Pay-As-You Use (PAYU) account (R4. 95 per month). The fees quoted below are for the PAYU account. View FNB's Transact pricing guide (as of March 2023) here.

Which bank does not charge monthly service fees? ›

The Axos Bank Rewards Checking account offers a winning combination of features. There's no monthly maintenance fee or minimum balance requirement. and the bank provides unlimited reimbursem*nts for domestic out-of-network ATM charges. Axos doesn't charge a non-sufficient funds fee either.

Is there a bank account with no monthly fees? ›

The online-only Ally Bank Spending Account offers higher interest than most big banks. You can score 0.10% APY on balances less than $15,000 and 0.25% APY on $15,000-plus balances. Standout benefits: Ally Bank offers no monthly maintenance or overdraft fees.

Which bank is best for a children's account? ›

Summary of Best Bank Accounts for Minors
Savings AccountForbes Advisor RatingLEARN MORE
Kotak Mahindra Bank junior savings account4.8View More
IDFC minors savings account4.8View More
HDFC Bank Kids savings account4.7View More
ICICI Bank Young Stars savings account4.6View More
1 more row

Do kids bank accounts have fees? ›

At TD, we offer the TD Student Chequing Account, an account designed for both students and youth. Your child can keep this account until the age of 23 and pay no monthly fee.

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