Children's bank account: BarclayPlus
- BarclayPlus: the ideal children's bank account for ages 11 to 15
- Barclays Cash Card or debit card gives you easy access to your money. You need parental consent to have a Connect Electronic debit card
- The more you save, the more interest you earn
- A children's bank account that you can open with as little as £1
- Earn credit interest - and the more you save, the more interest you'll earn
- From 0.25% AER / 0.25% gross pa 1 on balances of £1 or more
- Barclays Cash Card for withdrawing up to £50 a day from Barclays cash machines 2
- Barclays debit card that lets you shop or withdraw up to £300 a day from cash machines, as long as you've got money in your account 3
- Pay cash straight into your account - perfect for saving your pocket money or allowance
- No monthly account fee and free day-to-day banking
Rates & charges for the BarclayPlus account are detailed below. These charges and interest rates are variable and the Bank reserves the right to amend them from time to time.
BarclayPlus
interest rates
| Issue of cash cards/VISA Electron or Connect cards | Free |
| Payments into your account | Free |
| Telephone Banking. Read our call charges and information | Free |
| Statements | Free |
| Direct Presentation service | £20 |
| Same-day transfer of money to another UK bank (CHAPS) | £25 |
| Banker's draft | £15 |
These charges are applied at the time the service is provided.
Debit cards available
| Cash withdrawal from over 30,000 cash machines in the UK 4 | Free |
| Cash over the counter at Barclays 5 | Free |
| Debit card purchases | FREE |
| Getting sterling anywhere other than a cash machine or Barclays branch | 2% (min £1.50, max £4.50) |
| Getting foreign currency or travellers' cheques anywhere other than a Barclays branch, website or Barclays Travel Line 6 | 2% (min £1.50, max £4.50) |
You cannot use your Cash Card abroad.
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor’s accounts with the bank, including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300.
Barclays Bank PLC may also accept deposits under the following trading names; Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Commercial, Barclays Corporate, Barclays Financial Planning, Barclays International Private Banking, Barclays Local Business, Barclays Premier, Barclays Private Bank and Barclays Wealth. Deposits accepted from an eligible depositor under these trading names are combined for the purposes of deposit compensation from the FSCS. The FSCS is not applicable to deposits held at branches in the Channel Islands or the Isle of Man.
If you're applying for an account in a branch, you'll need ID. If you're under 16, these documents can be in your parent's name.
To open an account we need confirmation of who you are and where you live - this is required by government regulations. We need two original documents (not photocopies) from the lists below.
To confirm who you are, we need one of the following:
- Full passport
- European Union National Identity Card
- UK photocard driving licence or UK full paper driving licence
- UK Armed Forces ID card
- An introduction from a parent or guardian who's an existing Barclays customer (where none of the above are held and the child is aged up to and including the age of 17)
To confirm where you live, we need one of the following:
- UK photocard driving licence or UK full paper driving licence (if not used as identification)
- Gas bill (less than three months old) with evidence that the bill has been paid
- Water bill (less than three months old) with evidence that the bill has been paid
- Telephone bill for a fixed line (less than three months old) with evidence that the bill has been paid. We can't accept mobile phone bills
- Local authority (council) tax bill (less than three months old) with evidence that the bill has been paid
- Bank statement (less than three months old) from another bank
This could suit you if:
- You're 11 to 15 years old
- You want to earn interest
- You'd like a Cash Card or a debit card
See our alternative accounts if:
- You're looking for a children's savings account
- You're a parent who wants to set up a trust fund
Looking for alternative accounts?
Young Person's Account - A bank account for 16 to 19 year olds
Children's Savings account - The children's account designed for parents
Child Trust Fund - A tax-efficient way for parents to save for their children
1. Gross is the rate of interest payable before income tax is deducted. Interest is payable gross to non-taxpayers subject to the required certification. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
2. You can also use your Barclays Cash Card wherever you see the LINK sign and your Barclays Connect Electronic Debit Card wherever you see a PLUS sign.
3. To apply for a Barclays Visa Debit Card, you'll need permission from your parent or guardian. If you're a parent, please note that if you give your child a gift of money that produces more than £100 of gross interest per year, the income will normally be taxed as yours. Most children don't pay tax on savings interest. If this is the case for you, ask for the R85 form at a branch when you open your BarclayPlus children's bank account or go to the HM Revenue and Customs site and then once we receive your completed form, we'll pay interest without deducting tax.
4. Barclays will not charge you for using your card in Barclays, Woolwich or any other cash machine in the UK. Other companies may make a charge but must tell you on-screen before you commit to any transaction. This relates to Sterling transactions in the UK, Channel Islands, Isle of Man and Gibraltar only.
5. Some branches may require advance notice if you request a cash amount over the counter that exceeds your daily ATM withdrawal limit.
6. All card payments made in a currency other than sterling will be converted into sterling by the card scheme (eg Visa or MasterCard) on the date it processes the transaction, using the exchange rate it uses for all sterling based accounts (this rate is available on request), and a percentage commission which we set on the amount of the payment. This rate may not be the same as the rate that applied on the date the transaction was made, if the payment is processed by the card scheme after that date. A 2.75% charge for Barclays handling costs and any VISA processing fees is included in the sterling conversion shown on your statement and applies to all foreign transactions. There is an additional 2% transaction charge (min £1.50 max £4.50) to withdraw cash from overseas (in local currency) at an ATM or over the counter at any bank - this is in addition to the 2.75% foreign exchange charge. The 2% transaction charge does not apply if you use a Barclays ATM or an ATM from a Bank within our Global Alliance. There is a 2% transaction charge (min £1.50 max £4.50) if you use your card in the UK to obtain sterling anywhere other than a cash machine or Barclays branch, and currency or travellers’ cheques anywhere other than a Barclays branch or Barclays website or via Barclays Travel Line.