Tips for how to look after your child’s money

When will my child be old enough to use banking services?

There is no age limit to getting a bank account, a Nordea Electron card or online banking codes. As the guardians of a minor, you will decide when your child is capable of using banking services independently. You are always responsible for your child’s banking.

The card linked to your child’s account and the Netbank agreement concluded for them are always intended for your child’s personal use. You can apply for these services when your child has been issued a passport or an identity card.

Your child’s accounts and funds can also be added to your Netbank and mobile bank so that you can track their account transactions. If you don’t want your child to have personal access codes, you can give them a Netbank viewing right so that they can check their account balance and transactions online without being able to make payments, use e-identification or sign up for digital services.

Logging in to third-party services using e-identification

E-identification is a service used to log in to a third-party service, such as My Studyinfo or My Kanta Pages, with your online banking codes. If you are a minor, opening the e-identification service always requires a visit to a branch with your passport or identity card.

As a minor, you can start using the e-identification service with your guardians’ consent, which they can give by contacting Nordea Customer Service with their identity authenticated. After this, you can activate the e-identification service in branch. Another option is to visit a branch with your guardian and bring a power of attorney from the other guardian with you.