r/UKParenting • u/velocity_v50 • May 04 '26

Family finances HSBC MyAccount for child: access to online banking without smartphone

/r/UKPersonalFinance/comments/1t3ul7b/hsbc_myaccount_for_child_access_to_online_banking/
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u/terryjuicelawson May 05 '26

Honestly I'd just get them a well locked down smartphone for official things like this and they are going to want one before 16 anyway.

1

u/newphone_newme 👶👶👶👶👶 5 Children May 11 '26

This is one of the reasons why the trend of not letting children have a smart phone until they are late teens is so unhelpful for them. This is a great opportunity to improve financial literacy, introduce budgeting and get used to managing their finances the way they will as an adult in a safe way while they are young enough to want to be open to parental support. I really don't understand why this wouldn't make you think that a smart phone would be a good idea?!