Contact
Search
Created with Snap

Popular searches

BANK

Youth account

The start of your child’s Out of the Ordinary banking journey

A young child carefully depositing a coin into a bank account for kids. Investec Youth Account: Introduce your child to banking with a kids bank account

WHY INVESTEC

Give your child a head start

It’s never too soon to create good money habits.

This bank account introduces your children to the world of banking and money management. 

Ideal for all children – from the young ones to the young adults - it includes a linked savings account, access through their own app, and other perks – all at zero monthly account fee.
 

A woman and a young child engaged with a tablet device for setting up a bank account for kids while seated indoors.

GET STARTED TODAY

Interested in applying for an Investec Youth Bank Account?

The Investec Youth Account is only available to children of existing Private Bank Account clients. Find out if you qualify to be a client.

Do I qualify?

Man multitasking with documents and a smartphone while child with a pencil looks on, interested in setting up a kids bank account.
swirl

INVESTEC YOUTH ACCOUNT FEATURES

Our Youth Account offering is designed specifically to meet the banking needs of children and young adults.

Visa debit card
No monthly fee
Unlimited free transactions
Linked savings account
Online banking and Youth app
Your peace of mind

Visa debit card

  • Internationally accepted Visa debit card
  • Use the chip and PIN technology or contactless functionality for simple tap payments
  • Can be loaded on Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay
  • Virtual cards can also be created

No monthly fee

  • No monthly account fee
  • Free local card delivery
  • Free SMS and in-App notifications

Unlimited free transactions

  • All point-of-sale and online card transactions
  • Cash withdrawals at till points
  • Electronic payments
  • Transfers between the Youth Account and savings account

Linked savings account

  • Instant access savings account
  • A competitive prime-linked interest rate
  • Name and set savings goals
  • Additional savings accounts are available

Online banking and Youth app

  • Own online banking profile
  • A separate Youth App
  • Pay beneficiaries and transfer between accounts
  • Buy airtime, data and prepaid electricity
  • View and resend the Visa card PIN

Your peace of mind

  • Access your child’s account through your online banking profile
  • Receive notifications of activity on your child’s account
swirl

APPLYING

Who can open an Investec Youth Account?

Only existing Private Bank Account clients can apply for Investec Youth Accounts for their children. Children need to be under the age of 25 years old at the time of application. Only one Youth Account may be opened per child.

default-zebra-5

MORE INFORMATION

Investec Youth Account factsheet PDF 150.45 KB
PrimeSaver factsheet PDF 441.92 KB
Investec Youth Account fee schedule PDF 167.02 KB

OPEN AN INVESTEC YOUTH ACCOUNT

Find out how to qualify as a Private Banking client. Already a client? Open one now through Investec Online or the App.

default-zebra-2

WATCH THE VIDEO SERIES

A beginner's guide to being financially savvy

A beginner’s guide to banking and keeping your money safe
A beginner’s guide to savings
A beginner’s guide to investing
A beginner’s guide to winning that first job

A beginner’s guide to banking and keeping your money safe

Jada Eagar will explain how banking works and demystify the banking industry. Kevin Hogan will discuss fraud basics and how to keep hard-earned money safe from fraudsters.

A beginner’s guide to savings

Whether its saving for a holiday or a deposit on a first car or simply the latest pair of sneakers, Maya Fisher-French will explain how to practically plan, budget and save.

A beginner’s guide to investing

Maya Fisher-French will outline the power of time and compounding interest. Chanel Jooste will explain the different types of investment vehicles, such as unit trusts, exchange-traded funds and shares.

A beginner’s guide to winning that first job

Kate Jackson will outline the different steps of getting that dream job. She will share tips and tools to help candidates stand out - from how to get selected for an interview to acing the job from day one.

Frequently asked questions

  • What do I need to open a bank account for my child?

    To open a Youth account, you will need:

    1. A copy of  your child's birth certificate, ID book or Smart ID card, or passport (if they are not a South African citizen) 
    2. Proof of address (if they do not live with you)
    3. If you are not the legal guardian, copies of the legal guardian’s ID and proof of residence are required.

     

  • At what age should I open a bank account for my child?

    It is your choice when you feel your child is at the right age to have their own bank account. However, many parents elect to open an account when they start giving their child pocket money.

Awards

Ranked as the Best Private Bank and Wealth Manager in South Africa for 12 consecutive years, and the best in Africa for Customer Service, by the Financial Times of London.

awards banner

FOCUS INSIGHTS

Previous
Previous
Statutory information

Investec Private Banking, a division of Investec Bank Limited registration number 1969/004763/06. A registered credit provider registration number NCRCP9.

Investec Wealth & Investment International (Pty) Ltd, registration number 1972/008905/07. A member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. An authorised financial services provider No.15886. A registered credit provider registration number NCRCP262.

Investec Life Limited, a member of the Investec Group, is a licensed Life Insurance Company (Reg.No. 1944/017130/06) and an authorised Financial Services Provider (FSP number 47702). Terms and conditions apply.