Please note: If you are an adult, you can open an account conveniently on the PSD Bank website. Minors can have application documents sent to them and their legal guardians will then be contacted by the bank.
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PSD BankCosts first yearCosts refer to the first year and may vary in the following year0,00 €Minimum ageChildren's credit cards are often only available with the consent of a legal guardian over 18 years of age.14 YearsCard typeDebitCard systemVisa
- €100 starting credit
- Specialization based on the child's age
- Payment with a smartphone possible
Alternative
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TargobankCosts first yearCosts refer to the first year and may vary in the following year11,88 €Minimum ageChildren's credit cards are often only available with the consent of a legal guardian over 18 years of age.14 YearsCard typePrepaidCard systemVisa
- From €0.99 per month
- Additionally a free current account
- Free mobile debit notification
The PSD children's credit card with a free current account
Financial education and responsibility are important skills that should be learned from a young age. In a world where cashless payments and online shopping have become the norm, it is crucial to introduce young people to the basics of money management early on. The PSD Bank has created a solution for this – the Youth Account Giro4you with an associated child and youth credit card. In this article, we will explore the benefits and features of the PSD Bank’s child credit card. The credit card for minors can be easily managed via an app and even used digitally from a smartphone.
The free PSD Giro4you child and youth account
The free PSD Giro4you child and youth account from PSD Bank offers an ideal platform for young people to take their first steps towards financial independence. With the PSD Giro4you, teenagers have the opportunity to manage their own account, learn online banking, and keep track of their expenses. Additionally, the account offers a free debit card and credit card to promote flexibility in cashless payments and enhance financial education for the younger generation.
Apply for a child credit card easily and quickly
To apply for the child credit card, you first need to open the Giro4you child account. For adults, this can be done conveniently on the PSD Bank website. Minors can have application documents sent to them, and the guardians will then be contacted by the bank. To open an account, a valid ID card or passport, the child's birth certificate, and your own tax identification number are required.
After successfully opening the current account, a reloadable credit card can be applied for the child from the age of 14.
Benefits of the PSD bank child credit card
The child and youth credit card from PSD Bank offers numerous benefits for young customers.
- Scan2Bank enables bills to be scanned and paid automatically via QR code.
- Pay with a smartphone: Simply hold the digital credit card to the card reader.
- Overdraft facility (11% p.a.) from adulthood.
- €100 starting credit: New customers receive €100 within the first six weeks after contract signing.
- Easy management: Online and telephone banking as well as the PSD app allow easy management.
Depositing and withdrawing money
With the debit card and the credit card, your child can conveniently withdraw cash for free at over 16,000 ATMs in the Bank-Card-Service network. Until the child reaches adulthood, parents set the limit on how much the child can access from the account balance. An overdraft facility, where the account goes into negative, can only be arranged for adults.
In the customer service centers of PSD Bank, cash can also be deposited. This makes it easy and secure to transfer pocket money and money gifts from friends and family into the account.
Paying abroad
Both the debit card and the credit card can be used worldwide. This makes the cards suitable for school trips and student exchanges abroad.
Financial overview: Online banking & app
With PSD online banking and the innovative app, it is easy to keep control of finances and thereby learn how to manage money.
Online banking
The Giro4you youth account from PSD Bank offers a user-friendly online banking function that makes it easy to manage finances from anywhere. Transfers can be made, account balances checked, and transaction histories tracked from here.
The PSD app
The PSD banking app is characterized by its user-friendly interface and a wide range of features that allow users to manage their finances effortlessly and effectively. With the app, you and your child can monitor the account, transfer money, view transaction histories, and immediately block the card in case of loss or theft.
Online and secure?
To protect their customers' financial data, PSD Bank implements security measures, including advanced encryption technologies, multi-level authentication, and regular security checks. These measures ensure the integrity of the system and minimize fraud attempts.
And to find the right credit card for their children, parents should compare several providers. Find out what you need to consider in our guide!