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For parents of children and youth

Why should I open an account for my child?

  • It is convenient – you will be able to open an account for a child online or at a bank branch.
  • It pays off – from the age of 6, a child with a Swedbank account will be able to become a participant in the Youth Programme: use service plan Convenient and a contactless card at no extra cost.
  • It is smart – Youth Programme participants from the age of 6 will be able to use the Swedbank app to request and receive money, check their PIN or make payments with their smart device.
  • It is responsible – your child’s account will be linked to your Swedbank bank account. You will see the balance of the child's account and the transactions made by him or her.
Open an account for your child

Parents are the main source of income for almost 70% of students.*

How can I take care of my child's financial future right now?

Open an account and enrol in the Youth Programme

  • Open an account remotely for a child aged 0-13 years (inclusive).
  • For a child aged 14 and over, give consent to open the account by himself/herself at a bank branch.
  • For a child aged 6 to 13 who has opened a Swedbank account, to enrol in the Youth Programme, and for a child aged 14 and over, to give consent to participate in the Youth Programme and manage the account independently.

Saving and investing

  • For a child aged 14 and over, to give consent to conclude an Easy Saver Agreement – to teach your child how to grow their savings simply and gradually.
  • For a child up to 11 years of age, take out the investment life insurance Safe Child Fund to help them take their first steps as an adult.

Educate

  • To use Swedbank’s financial education tools.
  • To help learn how to perform everyday financial transactions by providing a child enrolled in the Youth Programme from the age of 6 years with the tools to log in to the internet bank and the Swedbank app.
  • For a child aged 14 and over, to help master the budget planning Tool My Budget.

* According to the Study of Students‘ Financial Behaviour. The survey is done by “Spinter tyrimai” on August 4-20 in 2020.

Advantages of the Youth Programme

Only a bank account is opened

Open an account

A bank account is opened, and the Youth program is selected

Open and select

Service fee 1 EUR per month 0,00 EUR per month
Bank account: agree agree
Service plan Convenient at no extra cost agree
Mastercard WEB payment card at no extra cost:
EUR 0.00 per month
Access to the Internet Bank and the Smart App: agree
Financial literacy game Knowledge Quiz agree

Further information on the terms and conditions and fees of the Youth Programme is available here.

  1. Online – only for Swedbank customers.

    You can open an online account for your child aged 0 to 13 (inclusive) if:

    • Your child is a citizen of the Republic of Lithuania;
    • You are a Swedbank customer;
      Do you want to become our customer? Go to Become our customer
    • You have a bank account and Internet Bank;
    • you have a qualified personal identification and login tool: Smart-ID, mobile signature or ID card with a valid e-signature certificate. More information on login tools
  2. Fill in the online application.

    Complete the application and sign the agreement for everyday banking services.

    We will check your application within 2-4 working days. We will notify you by SMS and email when your child's account has been opened.

    Important. If you apply online to open an account for a child aged 6 years or older, you will also be able to choose to have your child become a participant in Swedbank's Youth Programme, receive the service plan Convenient and a contactless payment card.

  1. You can open an account for a child aged 0 to 13 years (inclusive) at a branch.

    Just book a visit in advance at the bank branch of your choice at a time convenient for you. When you arrive at the branch, you must bring with you:

    • your personal identification document (passport or ID card);
    • your child's birth certificate or an extract from the birth certificate;
    • proof of guardianship if you are the child's guardian.
  2. For a child aged between 14 and 17 (inclusive), an account can only be opened at a bank branch.

    You only need to give your consent and your child can do the rest on his/her own at the bank branch. You can give your consent for your child to open an account:

    1. Online, if you are a Swedbank customer and use the Internet Bank.
    2. At a bank branch of your choice.

      Important. Book a visit in advance at the bank branch of your choice at a time convenient for you. When you arrive at the branch, you must bring with you:

      • your personal identification document (passport or ID card);
      • the child's birth certificate or an extract from the birth certificate;
      • proof of guardianship if you are the child's guardian.

    With your consent, your child (aged 14 and over (inclusive)) will be able to book a visit independently at a bank branch and arrive at a time of his/her choice. The child must bring his/her own:

    • identity document (passport or identity card);
    • birth certificate or an extract from a birth certificate;
    • proof of guardianship if the child has a guardian.

    Important. If the child does not have an identity document (passport or ID card), he/she will only be served at the bank branch with one of the parents or the appointed guardian. In this case, in addition to the child's documents listed above, the parent or nominated guardian must also have his/her valid identity document (passport or ID card).

Once your child's account has been opened and linked to your Internet Bank account, you will be able to see your child's account balance and statement.

  1. Give your child logins.

    For a child aged 6 or over who is a Youth Programme participant, you can give him/her the login tools to log in to his/her account on his/her own through the Internet Bank and the smart app, check the account balance and make small money transfers.

  2. Get a login tool.

    For your child to be able to use Swedbank Internet Bank and the Swedbank app, he or she needs a Smart-ID or PIN generator as a login tool.

  3. Register at a branch.

    To order a Smart-ID or PIN generator for your child:

    1. For a child aged 0 to 13 years (inclusive) - you will need to register and come to the bank branch at a time of your choice.
    2. For a child aged 14 and over, your consent given online or at the bank branch will be sufficient for him or her to come to the branch on his or her own (see information under “At the bank branch”).
  4. Take your documents with you.

    When you arrive at the branch where you have registered, bring with you:

    • your identity document (passport or ID card);
    • your child's birth certificate or an extract from your child's birth certificate;
    • proof of guardianship if you are the child's guardian.

Does your child already have a login? Download the app:

Išmanioji programėlė iPhone telefonui Išmanioji programėlė Android telefonui

If your child is already 6 years old, he or she can become a Youth Programme participant.

  1. Book a visit at a branch.

    In order for your child to become a Youth Programme participant, to order a Service Plan “Convenient” and a contactless payment card for him or her, you will need to register in advance and come to the bank branch at a time of your choice.

  2. Bring your documents with you.

    When you arrive at the branch where you have registered, bring:

    • your identity document (passport or ID card);
    • your child's birth certificate or an extract from your child's birth certificate;
    • proof of guardianship if you are the child's guardian.

    Don't want to go to a bank branch? If you fill in the online application for opening an account for a child aged 6 years or older, in your application, you can also choose to make your child a participant of the Swedbank Youth Programme. In this case, you will not need to go to a bank branch.

  1. You only need to give your consent and your child will be able to do the rest on his/her own at the bank branch. You can give your consent for your child to become a participant in the Youth Programme:

    1. Online, if you are a Swedbank customer and use Internet Bank.
    2. At the bank branch of your choice.

      Important. Before coming to a Swedbank branch, make book a consultation at the time of your choice. You must bring with you:

      • your personal document (passport or ID card);
      • the child's birth certificate or an extract from the birth certificate;
      • proof of guardianship if you are the child's guardian.
  2. With your consent, your child (aged 14 and over (inclusive)) will be able to register independently at the bank branch of his/her choice and arrive at the time of his/her choice. The child must bring his/her own:

    • identity document (passport or ID card);
    • birth certificate or an extract from the birth certificate;
    • proof of guardianship if the child has a guardian.

    Important. If the child does not have an identity document (passport or ID card), he/she will be served at the bank branch only with one of the parents or the appointed guardian. In this case, in addition to the child's documents listed above, the parent or nominated guardian must also have his/her own valid identity document (passport or ID card).

  3. If your child is already a Swedbank customer - using the Internet Bank and has your consent - he or she can become a participant of the Youth Programme by logging into his or her Swedbank Internet Bank account.

How does the new Swedbank Youth Programme take place?

  • Participants – the Knowledge Quiz* game is open to all Swedbank Youth Programme participants.
  • Tasks – the game requires answering questions that will reinforce the player's knowledge of financial literacy. For each correct answer, the player will receive points and will be able to unlock the next question. If the answer is not correct, the player can try again after a while if the question is repeated.
  • Prizes – the points accumulated can be exchanged for fun and useful prizes. It will be fun to play as points can be shared with other players.

*Game only in Lithuanian

Read the terms of use and privacy policy for the financial literacy game Knowledge Quiz.

Manage your finances smartly

Contactless Mastercard WEB

Swedbank app

  • Instantly check your account balance or request money from your parents.
  • Check your PIN-code, manage your card.
  • Pay by phone using Google Pay™, Apple Pay and contactless payments.
  • Access only for Youth Programme members.

Safe Child Fund investment life insurance

  • For those who want to save periodically for a child aged up to 11 years, until they reach 18-21 years of age.
  • You provide the funds to save for your child's future and we take care of the investment.
  • You are covered by life insurance for the entire duration of the contract.

Challenges when talking to children about money?

Swedbank has prepared a handy guide and learning materials for children of different ages to make financial education a fun activity for the whole family:

FREE BOOK FOR CHILDREN: Money and other matters of the Gilučiai family | blog.swedbank.lt

  • Play games with money

    Learn about money by sorting coins, playing shop and board games. Use real or toy coins and banknotes.

  • Introduce a family example

    Tell us how you earn money, what you buy with it, what taxes you pay, what you save for. Show how much one thing or another costs and compare its value.

  • Let your children make small decisions

    You can give small pocket money and discuss what it is for. Let the child pay for the purchase or spend some of his/her own money (pocket money or gifts).

  • Encourage savings and help set a goal

    Help them to understand that important purchases and dreams require savings. Choose or make a savings box, draw or otherwise visualise your dream and encourage you to start working towards your first financial goals.

FREE BOOK FOR YOUNGSTERS | Start now: a financial guide for teenagers | blog.swedbank.lt

You can follow the regularly updated educational content on Swedbank's blog

Education | blog.swedbank.lt

Children and digital money: what safety aspects are important to discuss

Read more

Mokonomika 2022: lesson recordings for those who missed it, a brain battle for those who like challenges

Read more

Gilučiai family | Family budget, or everyone can

Read more

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