Customers who meet the Bank’s normal criteria for an account holder can open a Child Bond Account for a child aged 17 years or under. It will be necessary to show family or legal guardian relationship, or have approval from the parent(s) or legal guardian. Where the child is aged 16-17 years, he or she may open an account without an adults involvement.

No, withdrawals cannot be made on a Child Bond Savings Account until the child reaches the age of 18. The account will be closed once the account holder confirms details of a current account, in their name, that their funds can be transferred too. The Child Bond account will be closed once the funds have been transferred.

No, you will be required to create a new Online Banking ID as their customer information will differ from your own.

In the event of a death of the customer, Bank of St Helena will act in accordance with the instruction of the duly appointed executor, there will be no penalty or deduction of interest.