Separation and children – supporting your children during divorce or separation

When you and your partner are going through a separation or divorce, it affects your whole family. If you have children together, it is all the more important to create as smooth a transition as possible. On this page, we have put together information and advice you may find useful when looking after your children’s needs in this new situation.

Separation affects the whole family

There is a lot to think about when a relationship ends, especially if you and your partner have children together.

Managing your child’s banking after separation or divorce 

Following a separation, both parents will continue to manage your child’s finances together if you have joint custody. You will have access to your child’s accounts until the child turns 18 or you, as the guardians, agree on making changes to the access rights together. Both guardians also have the right to obtain information on the child’s accounts independently. If one parent gets sole custody in the divorce, they will be authorised to make all decisions regarding the child’s banking alone.   

Getting a debit card for your child can make life easier for your family. Read more about banking for children and young people. Opens new window

Many parents also put aside money for their child. It is good to remember that if you have started saving for your child’s future, the user rights and saving agreements related to funds and book-entry accounts will remain unchanged. Read more about saving for your child Opens new window 

How can we help you? 

We are here to help you deal with any banking arrangements related to your separation or divorce. You may need to update user rights to accounts, savings agreements and insurance policies, among other things. 

We can also help you sort out a joint mortgage, for example. Read more about division of assets and joint housing loans here.