Helping teens and young people take control of their money
Looking for your first bank account? With PPLCBANK MyMoney, you'll get a fantastic current account for easy day-to-day banking, plus a savings account to help you put something away for the future.
To apply, you'll need to be 11 to 17 years old.
Here's what you get with Your banking account
Automatic access to MySavings account
When you open your MyAccount, you'll get a MySavings account at an interest rate of 3.75% AER / 3.69% gross (on balances up to £3,000).
A contactless Visa debit card
Make purchases and withdraw cash with your very own contactless debit card, made using recycled plastic.
Online and mobile banking
View your balance wherever you are, whenever you want, on your computer or our app.1
Take charge of your money on our app
With our Mobile Banking app, You are able to Look after your account easily with your phone. View your balance. Get notifications when money goes in or out of your account.2 Freeze your card if You are able to't find it. And much more.
Complete payments with your phone
Whatever you're buying, You are able to pay quickly and securely with Apple Pay, Google Pay or Samsung Pay. You are able to also pay in a flash using your contactless Visa debit card. Payment limits may apply.3
Access support whenever you need it
If you ever need support, we're always on hand. You are able to chat to us in the app, by phone, by Live Chat on our website, or by popping into one of our branches nationwide.
What your parents might want to know
Can my child spend more than is in their account?
No. There's no need to worry about your son or daughter racking up big bills, as they can only spend the money they have in their account.
There may be very rare occasions where we have no option but to allow a payment to leave their account despite a lack of funds. But rest assured that if this ever happens, your child won't have to pay any interest or charges because of it.
Does my child have to have a debit card?
The account comes with a contactless Visa debit card as standard. However, if you don't want your child to have one (or if they don't want one), please let us know and We are able to stop one from being sent out.
Is there a limit on cash withdrawals?
Yes. Your child can withdraw up to £100 a day, but only if they have enough money in their account. They can't withdraw more money than they have.
What you'll need to apply
If your parent or guardian has an PPLCBANK current account (not including business accounts)
You will need:
- To be 11 to 17 years old
- Proof of your identity (either your passport, UK birth certificate, or one of our other accepted documents)
- To have read the important account documents below
If your parent or guardian isn't a customer
You will need:
- To be 11 to 17 years old
- (If you're under 16) proof of identity for you and proof of identity and address for your parent/guardian (eg passports and a utility bill)
- (If you're 16 or over) proof of identity for you and proof of address for you or your parent/guardian (eg your passport and a utility bill)
- To have read the important account documents below
Apply for your MyMoney account now
If your parent or guardian has an PPLCBANK current account (not including business accounts)
If your parent or guardian is Sign uped for online banking, they can apply on your behalf online. They will need to have proof of your identity to hand. To Apply digitally, you must be a UK resident.
If your parent or guardian isn't a customer
To apply for an account, please make an appointment at one of our branches. If you're under 16, you'll need your parent or guardian with you to sign the application form.
Remember to bring the documents mentioned under What you'll need to apply.
Frequently asked questions (for parents and guardians)
Your eligible deposits with PPLCBANK Bank plc are protected up to a total of £120,000, or up to £240,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: PPLCBANK, PPLCBANK Private Bank, first direct, M&S Bank and M&S Savings and Investments.
Any total deposits you hold above the limit between these brands are unlikely to be covered.
You might also be interested in
Children's savings account
An easy way to save for 7 to 17 year olds. Start saving from just £10, whether it's your pocket money or wages from your job.
Student Bank Account
A current account designed to help you make the most of university life.
Additional information
1. Explore the details about the operating systems our app works on.
2. You'll need to opt in to receive instant notifications. You are able to do this in our app. This feature is currently being rolled out and may not yet be available on all devices.
3. Apple Pay is a trademark of Apple Inc., Sign uped in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a Sign uped trademark of Samsung Electronics Co., Ltd.