What Is a Kids' Bank Account?

Children's bank cards are bank cards issued by children for children under 16 years of age. These bank cards usually have no overdraft limit or small overdraft limit and require parental approval in advance. There is also a strict limit on the amount of credit card consumption, but various functions Can be understood as an adult bank card with a reduced quota.

Children's bank card

Children's bank cards are issued by banks for children under 16

With my account book and valid guardian's credentials, children under 16 years of age can open their own accounts at the five major banks, of which,

Compared with ordinary debit card accounts, children's exclusive cards appear to have a single service function. Industrial, China, and Bank of China's three children's exclusive cards can implement the basic service functions of general debit cards, such as deposit and withdrawal,

Children's exclusive card service charges are very limited, and even some banks have no discount at all. Among them, ICBC grants "Baby Growth Card" cardholders free of annual fees and capital costs under 16 years of age, but if the average daily balance of the account is less than 300 yuan, it will also be charged 3 yuan per quarter of small account management fee. In addition, ICBC also offers parents a discount on remittance remittance fees for transfers to children's accounts under the age of 16.

There is no annual fee reduction or exemption for the "Great Wall Flower Season Card" of the Bank of China. The bank charges an annual fee of RMB 10 per card, as is the case with ordinary card accounts, and a small account management fee under the corresponding conditions.

Bank of Communications Pacific Children s Card has been given limited benefits.

Children's Bank Card

The Little Ghost Card is a children's wealth management card launched by Minsheng Bank across the country. The card is specially prepared for children and families' financial wealth management package products, including education savings, smart wealth management products and growth wealth management products.

Ghost Head Card

This card has the function of a debit card, and you can also choose additional products, such as "current savings + gift parents account information instant communication", so that parents can keep informed of their children's spending trends. Education savings are targeted at students in grades 4 and above, allowing parents to prepare their children for college in advance. Qianshengqian B plan is a value-added wealth management product for short-term large-scale education funds for young people. It will automatically settle interest in accordance with the deposit interest rate of the corresponding currency every day (minimum one day) from the date of deposit of the funds, and at the same time the previous interest The daily principal and interest are automatically transferred to the next interest calculation cycle. Compound interest and interest calculation can be withdrawn at any time. The starting point of the application is 50,000 yuan. ^[3]

Kids bank card baby growth card

The Baby Growth Card is a theme card created by the Industrial and Commercial Bank of China for under-age customers and their parents. The card

Baby growth card

It is issued based on the family card and baby card + father love card + mother love card. In addition to the general debit card function, the card also has special features such as growth funds, growth protection, growth commemoration, gratitude returns. For example, parents can deposit funds from the baby love card and the mother love card to the baby card on a regular basis, provide pocket money, education funds, etc. for the child, and at the same time waive the off-site settlement fee between the baby card and the father love card and mother love card. At the same time, with this card, you can also enjoy the exclusive children's education insurance product-Taiping Happy Baby Comprehensive Financial Plan, and based on this, enjoy pediatric expert appointments, health text messages and emergency rescue services at home and abroad, as well as to the baby growth card holders. Personal accident insurance for children. ^[4]

Children's Bank Card Pacific Children's Card

Pacific Children's Debit Card is an exclusive personalized debit card launched by the Bank of Communications for children under 16 years of age.

Pacific Kids Card

The card not only has the functions of a debit card, but also integrates services and functions according to the needs of children, allowing children to safely start a rich and colorful financial experience. The application for the Pacific Children's Card is simple and convenient. The guardian can bring his / her valid ID, child ID or household registration book to prove the family register, birth certificate or only child certificate of the immediate family relationship between them. ^[5]

Children's Bank Card Happy Partner Card

China Merchants Bank Happy Partner Card is a UnionPay standard card debit card issued for children under 16 years of age.

Happy partner card

The Happy Partner Card can establish parent-child relationship with one of the parents' one-card cards. After successful establishment, the two parties can exchange funds in the RMB current account between the two cards through the parent-child transfer interface of the public version and self-service inquiry terminal. After the parent's card has established parent-child association with the child's happy partner card, the parent can formulate a pocket money savings plan for the child, that is, we request that the Bank automatically from the current card account to the child's happy partner card's current, full deposit, and zero Deposit and Withdraw or Education Savings Account for transfer. After the card-holders and their parents register as users, they can have parent-child interaction in the Magic Money Intelligence component. Magic Money Intelligence sets different identity roles according to parents and children, including the wishing pool, bookkeeping book, and magic bean home. ^[6]

Children's Bank Card Great Wall Flower Season Card

The Great Wall Flower Season Card is a debit card issued by Bank of China specifically for young people aged 10-16. Great Wall Flower Season Card with personal settlement account

Great Wall Flower Season Card

As a basic account, in addition, you can also link ordinary current accounts, current one-pass, regular one-pass, zero-deposit round-up, deposit-withdrawal interest, personal checks and credit cards, etc. to achieve transfers between linked accounts, more Can avoid the inconvenience and risk of carrying multiple passbooks.

Children's Bank Card

China Everbright Bank's "Little Banker Card" is a UnionPay standard debit card issued for children under the age of 16.

Little Banker Card

In addition to the various functions of the debit card, the card also integrates services and functions specifically for parent-child education, financial education, and the individual needs of children, providing children with a wealth of financial experience suitable for their characteristics.

The Little Banker Card has a number of personalized features, such as the "parent-child card association" function, which can establish parent-child associations with any Everbright Sunshine card of the parents to realize the mutual transfer of RMB current account funds between the two cards; For example, "Spending Money / New Year Savings Savings Plan", parents can associate or guide children to make their own savings plans through parent-child cards, and can customize individual target names for each saving plan through online banking. In addition, it is still a public welfare card. Every time a "little banker card" is opened, the child pays out one yuan to the donation box, and then China Everbright Bank takes out one yuan, and each valid donation can be automatically transferred to In the China Women's Federation "Mother Water Cellar" fund account, this helps to cultivate the child's sense of love.