Go to our online application form, and select ‘Children’s’ and follow the instructions.
When opening a children’s account we will need to identify both the authorised signatory and the child. We offer the option to have the identity of the authorised signatory electronically verified, but we will need to receive certified identity documents for the child. Look out for the checklist at the end of the online application.
We will need to identify both the authorised signatory and the child. If you are an existing customer, please select this on the form as you are already identified.
For new customers, the authorised signatory can:
Electronic verification isn’t always successful, so they may still need to send certified identity documents. You will receive a checklist at the end of the online application confirming what is needed.
For the child, we will need:
See our Identity Verification Checklist for some options of what to send and who can certify documents for you.
A nominated account is an external bank account held in the same name as your RaboDirect account. You need to provide details of this account on your application form. It is used for transferring money to and from your RaboDirect account.
To do this:
Although your child might not be working, interest payments are still considered a form of income. We are required to deduct tax from this interest and pay it to Inland Revenue on the child’s behalf.
Click here to download the change of authorised signatory form.
See our Identity Verification Checklist for identification options and a list of trusted referees who can certify these for you. The form and identity documents can be posted or emailed to us.