Get the good money habit going with a teen current account.

Our Teen account is specially designed to help younger members (13-18) build financial independence and set them up with solid financial habits for later in life.

The account is free, and comes with a debit card for cash withdrawals, but without the complications of an over-18s account such as direct debits or overdrafts.

Good to know

Who can apply for a teen account?

As the name suggests, you need to be aged between 13-18 years old to be eligible for this account.

As with all our services, the account holder must be a member of the credit union to be eligible. You can do this when you apply for the account.

Finally, you must have consent from your parent(s) or guardian(s) to open a Credit Union Current account. You’ll be asked to provide proof of this in the required format when you apply.

What happens when I turn 18?

When you turn 18, your account will be converted into a regular London Mutual Current account, which includes facilities only available on our over-18s accounts including direct debits, standing orders and the ability to apply for an overdraft.

What are the fees and charges?

Account feeFree
ATM withdrawal (within the UK)Free
ATM balance enquiry (within the UK)Free

Fair's fair...

As good a deal as it is, this account is only open to under 18s – sorry.

The account must only be used by the named young person on the account. It cannot be used be used by others to receive payments or make withdrawals. And if we do find the account being misused, we reserve the right to close the account or introduce a monthly fee.

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