You might be lucky. To me this sounds more like maybe they didnât completely think through all their customers when they came up with the new Savings Account and maybe, if they had one, the âTeen Account Product Managerâ wasnât in the room when they came up with new details and so it was just overlooked.
Is there any legal/regulatory reason they canât launch these to under 18s? I donât think so? Other banks have a similar product for under 18s
So, is there a technical reason they canât also include Teen Accounts in this? Itâs difficult to tell from outside. Is there a significant difference in the application process - especially in the âknow your customerâ area, that means thereâs a risk that bad actors might use a teen account to setup a savings account that could then be used for nefarious means/money laundering?
If thereâs not, it might just be a simple technical âflip a switchâ to also give Teen accounts access to these.
Thatâs why I was saying you need to think about the sequence of applications. The terms vary each year but I think two student accounts is generally possible. If memory serves, a few years back HSBC got you to confirm that you didnât have any other student accounts but Nationwide didnât. So, you could do HSBC, wait a bit and then open Nationwide. As I say, the terms vary from year to year so it might be a different sequence of banks next year.
Laying people off is expensive, with severance pay etc, much easier to just let things naturally play out and weed out the non believers to resign naturally, and anyone whoâs still hanging on but not conforming to some arbitrary 10 day quota can be managed out of the company by giving them less work todo or putting them on a performance plan
I think itâs a strange thing to do, and a waste of time for everyone involved. Especially as a child with few commitments in the world. Think of all the other things you could be doing!
ÂŁ200 per month is actually very good for under 18s. Few people your age will be able to afford as much as that, unless you have very generous parents.
Nothing, but it was just clogging up the phone line for a question that didnât require support. Banks have enough issues with customer support as it is.
Everyone and their dog could have (and was) telling you that thereâs no reason to call support. The information was there for you already.