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Bank account and card for kids and teenagers

Open an account
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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. Enable or disable online and contactless payments

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

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.
 
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