Opting for a junior custody account is an important way to make financial provision for your children's future at an early stage. In 2024, Quirion Bank's children's account stands out as a popular custody account provider. 

In this article, we will take a detailed look at the key aspects of this offer, from the costs and benefits to opening and managing it!

Quirion is a digital asset manager characterised by cost-efficient investment strategies and a user-friendly platform. Quirion Bank offers a variety of financial services, including the Junior Depot or children's account, which is primarily intended for parents who want to save early for their children's education or first expensive investments such as their car. 

With the Quirion Robo-Advisor, you can access automated and scientifically based investment strategies that ensure optimal asset management.

Fees and costs are a decisive factor when choosing a junior custody account. Quirion impresses with its transparent and low fee structure. 

We have summarised the main costs for you here: 

The junior custody account at Quirion offers a number of advantages, which we have listed below: 

Long-term asset accumulation: even small monthly contributions can grow into substantial assets over the years. As an example for the first car, Quirion mentions €25,255, which is said to have developed over 18 years and a deposit of €12,960. 

Tax advantages: Capital gains in the Junior Depot are tax-free up to a certain tax-free amount. (More on this below regarding the exemption order) 

Professional investment strategies: By using the Quirion Robo-Advisor, you benefit from optimized asset management.

Simple management: The custody account can be conveniently managed, transferred and canceled via the Quirion login area. There is also a Quirion app. 

Quirion not only offers a junior custody account, but also attractive interest rates on its own accounts. This currently amounts to 2.75 % p.a. This also allows you to invest short-term savings safely and profitably, while long-term investments in the custody account grow. The interest offers an additional opportunity to increase your child's assets.

Quirion regularly offers attractive bonuses and promotions to attract new customers and reward existing customers. These range from starting credit to special promotional codes and vouchers. In addition, there are often time-limited offers that provide additional financial incentives. It is therefore worth visiting the Quirion website regularly to benefit from the latest rewards and promotions.

Unfortunately, there is currently (as of July 2024) no explicit bonus for the children's account. However, Quirion does offer a publicly downloadable gift certificate that you can use to surprise your child, grandchild or godchild. 

Opening a junior account with Quirion is simple and straightforward. Here is a short guide:

Please note: Only legal guardians can open this Junior Depot! 

Another advantage of the junior custody account at Quirion is that it is easy to transfer and manage. As soon as the child reaches the age of majority, the custody account can be easily transferred to their own account. This makes the transition easier and ensures that the investment strategy continues seamlessly. 

Parents can also view and manage the custody account at any time via the Quirion login area.

An exemption order makes it possible to exempt investment income up to an amount of €1000 (as of 2024) from taxation. With Quirion, you can submit the exemption order conveniently online. This is particularly advantageous to ensure that the income in the Junior Depot is not taxed unnecessarily and thus fully benefits your child's wealth accumulation.

If you decide to cancel the Junior Depot with Quirion, the process is also simple and straightforward. You can submit the cancellation online via the Quirion login area or send it in writing by post. 

Once the cancellation has been processed, all assets will be transferred to the account you have specified. However, it is advisable to inform yourself in advance about possible tax implications and the best time for cancellation.

Keep the confirmation documents in a safe place so that you can check afterwards that everything has been transferred correctly.

Quirion Bank's Junior Depot is an excellent choice for parents who want to save for their children's long-term future. With low fees, professional asset management through the Quirion Robo-Advisor and attractive rewards, Quirion offers a convincing overall package. The positive reviews and the option of simple management and transfer make the children's account particularly attractive. 

If this offer has not convinced you, we have compared other junior custody accounts for you!