The account for kids and teens

To open a Kids & Teens account, you need to be a legal guardian and have an existing Revolut account. You can then set up a Kids & Teens account for your kid or teen through your main Revolut app.

With Revolut, your kids can have a Kids & Teens account when they're 13-17 years-old.

Yes, you can open a Kids & Teens account in a few taps directly through the main Revolut app.

There are no fees for one account with the Standard plan, but you'll need to upgrade if you want to include multiple kids, each with their own account. Other fees like personalisation of cards for kids may apply. See the full information in our Terms & Conditions.

Opening a Kids & Teens account is a quick and simple process done entirely through your existing Revolut app. To get started, you must be the legal parent or guardian and have a Revolut account of your own.

Here's a step-by-step guide:

1. Open or download the Revolut app: from your home screen, tap Add new account, then navigate to the Kids & Teens account section.
2. Add a new account: tap on the option to create a new account for your kid.
3. Enter their details: fill in your kid's name, date of birth, and follow the on-screen prompts.
4. Order their card: once the account is set up, you can order a personalized prepaid debit card for them directly from your app.

Yes, the parent who created the account can invite another adult, such as a coparent or guardian, to help manage it.

This feature is typically available on Revolut's paid plans and allows the coparent to send money to the kids account and view transaction history.

However, the original parent remains the legal owner and has full control, including the ability to remove the coparent at any time and withdraw funds from the account.

With a Kids & Teens account, your kid can gain financial independence while you maintain oversight. The account is designed to help them learn about money in a secured, real-world environment.

Here are the main things your kid can do:

• Spend money: they can use their personalised physical or virtual prepaid card to make purchases in-store or online
• Receive money: they can receive money from a parent or coparent, either as a one-time transfer or a regular allowance
• Set savings goals: they can create savings goals and track their progress to learn about the value of saving for a specific item or event
• Track spending: their app provides real-time notifications for every transaction, helping them to stay on top of their balance and understand where their money is going
• Secure their card: if they misplace their card, they can freeze and unfreeze it from their own app

A Kids & Teens account works by linking your kid's independent app and prepaid debit card directly to your own Revolut account. It's a subaccount that you manage entirely from your main app, giving you full control and oversight.

Here's a simple breakdown of how it works:

• You're in control: you are the one who adds money to your kid's account, either by adding money in-app or by setting a regular allowance. From your app, you can also set spending limits and receive notifications for every purchase.
• They get independence: your kid gets their own app to see their balance, track their spending, and set savings goals. They can use their personal debit card to make purchases, just like a regular prepaid card.
• It's secured: you can freeze or unfreeze their card from your phone, so you have complete peace of mind.

Opening a Kids & Teens account is a powerful way to teach them the value of money in a secured, modern environment. It helps them build foundational financial habits that will last a lifetime, all while giving you the peace of mind that comes with complete oversight.

Here’s why it’s a smart choice for both you and your kid:

• For them: it gives your kid the financial independence of their own prepaid debit card and app. They learn to track their spending, set and achieve savings goals, and understand budgeting in a practical way.
• For you: you get total control and visibility. You can set spending limits, receive transaction alerts, and freeze their card at any time, making it a secured way for them to explore the world of money.
• For the family: it simplifies allowances and chore payments, moving away from cash and giving you a clear record of their finances. It’s an essential tool for preparing them for a financially savvy future.