Yes, a Moneybase account can be opened for a minor with the consent of a parent or legal guardian.
Who manages the account?
The parent or legal guardian manages the account until the minor turns 16 or becomes legally emancipated.
What happens when the minor turns 16?
Once the minor turns 16, they can take full control of the account. At that stage, parental or guardian access can be removed.
What does the account include?
The account includes:
- Free SEPA transfers
- A physical and virtual Moneybase card
- Eligibility for rewards and promotions, where applicable
Can the minor use online trading?
Online trading can be accessed through the adult’s profile within the minor account structure. It is not activated or available through the minor’s own profile.
How can I open a minor account?
The parent or legal guardian must already have a personal Moneybase account.
To request an account for a minor, send an email to support@moneybase.com and attach one of the following documents:
- The minor’s birth certificate if they are under 14 years old; or
- The minor’s valid identity card if they are 14 years old or over.
What happens next?
Once the request is received, a member of our team will contact you and guide you through the process step by step.
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