Originated From
Money Extra

Problem opening a child's savings account


I am finding it impossible to open sterling savings accounts for my grandchildren at a British bank. My daughter and I have each had accounts at that bank for many years. She is British and works as an export manager for a Spanish company. She works and lives some of the time in Spain and some in the UK. The children were born 6 months ago n Spain. So much for European Union and the free movement of capital and labour.

 

Liked this question? Tell your friends about it

Answers

No problem. Open a Child savings account at your Bank. The Trustee HAS to be a Parent or Guardian...NOT the Grandparent !

You then pay a regular amount each month from YOUR account, into your Grandchilds account.   Sorted !!

I have opened a PENSION Scheme for my 2 year old grandson, in this manner.

Maybe you ought to explore THAT possibly. At least no one can ever touch the money, except your Grandson !

 

 

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Transferring my saved emails

how do I save my emails from both my "saved on my PC" and my "saved on my AOL"

Asked: Savings policy?

A good savings policy for an american? Which would you recommend?

Asked: What's with some of the regular savings plans that ...

What's with some of the regular savings plans that people want to buy?

More Questions

Transferring my saved emails

OK-I downloaded the Windows xp driver update-now what

How to change the joint dp account to single account???

Unfortunately, I don't know the answer to your question.

Identification on opening new basic current account

Hi! You might be able to use your birth certificate. You could try looking on net for bank account opening regulations in the uk..Or regulations for opening bank account in the uk ... Good luck

What documentation do i need to open a bank account in morrocco and what

I'm not sure what it is in Morocco. I'd suggest speaking with someone at the embassy to find out.