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Bank account and card for kids and teenagers

Open an account
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Instant trauma insurance for children

More active summer means a higher chance of minor accidents for children – that’s why we provide additional protection. 

  • From 1 June to 31 August 2026, instant trauma coverage is automatically extended to include underage children of service plan users. No extra steps are required.  
  • Insurance benefit is paid for accidents that occur during the campaign period. The amount depends on your service plan: 50 EUR for Daily, 100 EUR for Progressive, 200 EUR for Exclusive.
  • In the event of an accident, you can submit a claim via the internet bank: Additional services – Service plan – Inform about accident. The claim must always be submitted on behalf of the customer, even if the accident involves a child.  
  • The benefit is payable for one accident per year to those that haven't submitted a claim this year.  To receive the insurance benefit, sufficient documentation is required. Please view terms and conditions to learn more.  
Terms and conditions (PDF)

Allow your child to enjoy free daily banking services until age 26

  • Bank account
  • Mastercard Junior payment card (from the age of 7 until 15) without monthly, issuance or delivery fee. From the age of 16 – Mastercard Debit payment card withosut monthly and delivery fee.  
  • Sending cards by post or to Omniva parcel machine is free of charge
  • Unlimited free transfers
  • Cash withdrawal up to 750 euros a month free of charge from SEB ATMs in the Baltics and Swedbank ATMs in Latvia 

Benefits for parents

  1. Easily transfer money to your child
  2. Switch to the child’s profile in your private internet bank or mobile app to keep track of child’s spending, manage card settings and set limits
  3. Open a savings deposit for the child and link a Digital Coin Jar to the child’s payment card, allowing your child to gradually build savings with every purchase. The child will be able to view the savings, while access to the funds will be available only via parents or independently from the age of 16

Child will be able to

  1. Pay with their card in stores, online, and withdraw cash from ATMs
  2. Check account balance in the SEB app or internet bank
  3. Request money from parents in app when needed
  4. Use Smart-ID to confirm payments
  5. Open their own savings deposit from the age of 16, as well as manage the Digital Coin Jar and savings deposits opened for them by parents

Open child’s account and order the card in most convenient way

Scroll the table horizontally to see more information about the different options.

 
SEB mobile app
Internet bank
Video meeting
In person
Duration15 min15 min60 min60 min + waiting time
Can the child open an account independently?Yes, from age 16.

No.

The account is opened by a parent in their internet bank, so the young person cannot do this independently.
 

Yes, from age 16.
 		Yes, from age 16.
When does a parent need to participate?The account is opened without parental involvement.In all cases, as the parent opens the account for the young person in their internet bank.

If the young person is aged 7 – 15, one parent must participate in the consultation.

The parent must be an SEB customer.

The young person’s presence is not required.

If the young person is aged 7 – 15, one parent or legal representative must attend the consultation.

The young person’s presence is not required.
 

Please note
  • The young person must be a Latvian citizen with a valid identity document.
  • Suitable conditions for photo and video capture are required.
  • Account can be opened for children from age 8.
  • The parent must be an SEB customer with access to the internet bank.
  • A valid identity document for the child is required.
  • The young person must be a Latvian citizen with a valid identity document.
  • The participant must have Smart‑ID or an eID card with a reader.
  • If the young person is not a Latvian resident, a valid identity document with a Latvian personal identity number is required.
  • Identity documents for all participants are required – passport, eID card, or foreign passport with a residence permit.
 
Google Play link
App Store Link
Open an account Useful to knowBook a video meetingBook a meeting

Savings and deposit solutions for children

Start building your child’s financial future today 

Until the age of 18, no fees are applied for using a Savings deposit, Term deposit, or Digital Coin Jar.

  • From age 7 to 17 – a parent can create and manage savings and deposit solutions on behalf of the child by switching to the child’s profile in the internet bank.
  • From age 16 – a young person can independently create and manage savings and deposits in their own internet bank.
Start saving for your child

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