Family accounts / Accounts for children / under-16s

That’s great just what I was looking for, well in the most efficient way as I did the least amount of looking :wink:


I find this ‘paid family account’ an interesting idea. If it had some good benefits for it I could see my GF and I upgrading from our joint to it. Possibly a bit like FlexPlus (only prob with that is I’m sure it’s a loss-leader, so not sure how Monzo would get around that)

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I imagine the ‘paid family account’ would work like this:


  • Fixed monthly fee for the account.

  • Up to a certain amount of cards for free (maybe 3 free cards included).

  • One time fee for additional cards.

I think the cost of running an account of this type wouldn’t be more than the cost of running a regular current account (ie: slightly positive), except the one time cost of the cards. So Monzo would make a large percentage of profit from the monthly fee.


  • Pot like “mini accounts” for each card with independent transaction feeds and categorisation.

  • Ability to set limits on those cards and possibly approval of online payments by an administrator account.

  • Perhaps a separate app.


Hi, my children have been asking when will 16+ accounts age be lowered to 11+ accounts with debts cards. Will this be in the near future. As they want to open bank accounts but want to wait for Monzo. Thanks Sharon

At this point it’s not even guaranteed to happen so I don’t think that ‘near furure’ covers it.

It was suggested at a recent open office event that child accounts may be packaged as part of a paid-for family setup but it was only an idea at the very earliest stages so, again, I wouldn’t expect to hear anything anytime soon.

(I’ve moved this to the appropriate thread but it did take me two goes, sorry!)

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I’m also waiting for a decent children’s bank account - But I feel this is potentially a long way off for Monzo.

However, Revolut have just announced their plans to offer one, and their ideas already look pretty good (parental controls etc).

So if your kids want a debit card with a good app and instant notifications (rather than a “boring” high street bank account), you’ll probably find Revolut to be the best bet in the short term! :grinning:

As long as your kids don’t mind their pocket money suddenly going missing. :joy:

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I take the Revolut reports of bad practice in the same way I take the Monzo reports…

I’ve used them, and had zero issues. I know many other legitimate users who also have had no issues.

Compared with the online horror stories and reviews from annonymous people…I know which one I’d take.

But I do get your point, because I initially had reservations about Revolut before actually using them myself.

Which I guess is why people are eager to quash these Monzo trustpilot reviews.

My reservations about Revolut go beyond the user reports. The way they respond on their forum and especially Twitter mean I would not trust them with my money. And I don’t know if their European banking licence has been ‘passported’ into the UK yet, but not having full FSCS protection is also an issue for me.

I know Monzo have an account for people from 16 years up but are there any plans for children’s accounts?

My youngest is 5 and she has just been on her first shopping trip with money she has earned over Xmas and her birthdays. She loved it and was still able to keep some money for another time.

When she’s a bit older, I think it would be cool to introduce her to a bank and how it works with debit cards, balances etc.

A basic Monzo account, with Pots for example, would allow her to save up for that book or toy that she really wants and see the progression of those savings.

And then myself or my wife could transfer her pocket money to her directly.

Would also be cool if we could view their account from our own as well.

So any time-frame on something like this?

@LifeofRiley hope you don’t mind but I’ve moved your post to join another similar thread. There has been discussions about this happening but I beilive it’s not very cost effective.

Never say never though.

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Ah apologies, should have navigated through the forum first. :man_facepalming:

Maybe Monzo should look into family packages? Something whereby all the family are signed up (up to 4 or 5 users) with individual accounts and maybe some goodies chucked in (like Travel Insurance or mobile phone cover) for a monthly fee?

I don’t actually know how viable that is and I don’t think it’s ever been attempted before but that would be quite innovative…if anyone can…Monzo can!! :wink:

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I reckon we will see somthing of a similar nature once the marketplace concept really gets off the ground.

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Someone suggested this about 5 or 6 posts up from yours :man_facepalming: :wink:

:man_facepalming::man_facepalming::man_facepalming: not having much look here am I??

Really should start reading other peoples opinions and posts…:stuck_out_tongue_winking_eye:


Revolut are releasing their family card this year, with parental controls etc.

I imagine they’ll be the first to the dance floor!

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The round up option would probably something you could make use of in this case for any card purchased rounding up to the nearest £ and moving the difference into your dedicated pot :grin:

I’d love a way to share my account with my soon to be 15 year old. I already have a pot that I transfer money into each month for her, would be great to link this to a card for her. I’d rather this that her have her own card and app at the moment.

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I would like to see the ability to create family banking from just one account (probably a joint account).

So for example, the parents would be account owners and the children would be account users, plus maybe an au pair or something could also be added temporarily, for example.

You could use pots for the kids and actually order debit cards which would be allowed to be spent from that pot only, maybe they could be auto-topped up or maybe not.

Additionally to this you could have an “emergency money” pot which anyone can pull from if needed, but it’s logged who took it, just in case. I can see so many applications for this kind of thing, e.g. you could prevent the cards from being able to take cash out of ATMs so you can see exactly what your kids are spending on etc. if you’re that way inclined. The way society is going so cashless and with contactless payments now, this just makes sense to me.



Hope you don’t mind but I’ve moved your post here to join some other similar posts regarding family / child accounts.
It’s a interesting idea :bulb: with some existing services already in the market such as gohenry