Junior Accounts
Start saving for their future
Opening a Junior Account is a simple way to start putting something aside for your child’s future. Whether it’s for school costs, college, a first car or something bigger down the line, it gives you a safe place to build savings steadily over time while helping your child understand the value of money as they grow.
Who can open a Junior Account?
A junior account can be opened by anyone between the ages of 0-15 years and can be opened by the child's parent. Once the child turns 16, the account is deemed to be an adult account.
To open a Junior Account, the child must live within our common bond area.
Important Information
If the child is 7 years or older, the child must come into the Credit Union with their parent and open the account themselves. If the child is under 7 years, the account can be opened by a parent on their behalf.
What is needed to open a Junior Account?
To open a Junior Account, we’re required to verify the following:
For the child:
Passport or Birth Certificate
Parent/Guardian’s recent utility bill or bank statement
PPSN (official letter from the Social Welfare)
For the parent/guardian:
Valid photo ID (Passport or Driving Licence)
Proof of address (utility bill or bank statement dated within the last 3 months)
If you’re unsure about any documents, just contact us we’re happy to help.
Withdrawals from a Junior Account
Money in a Junior Account belongs to the child and is held for their benefit.
Who can make withdrawals?
Ages 7–15:
The child must sign for any withdrawal and be accompanied by the parent/guardian who opened the account.Under 7 years:
The parent/guardian who opened the account can operate the account and make withdrawals.
We offer many services aimed at improving access to financial services and encouraging financial inclusion.
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