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For parents of children and youth

Select the child's age:

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Why should I open an account for my child?

  • No additional cost – participation in the Youth Program and a service plan, and from the age of 6, a contactless card and a financial literacy game.
  • Smart – children from age 6 can check their balance, request or receive money and make mobile payments in the app.
  • Convenient tracking – you can track your child’s balance and transactions from your account.
Open an account for your child

First Steps Towards Building Healthy Financial Habits

Account opening and Youth Programme

  • Ages 0-13 – open a child’s account online at no extra cost and join the Youth Programme.
  • Ages 14+ – a child can open their own account online with parental consent and join the Youth Programme.

Saving and investing

  • Age 6+ – help your child build their saving skills with the Easy Saver tool.
  • Age 14+ – with parental consent, a child can sign an Easy saver account agreement and independently use banking services.
  • Up to age 15 – take out the Savings for Child’s Future investment life insurance.

Education

  • Age 6+ – your child can learn how to manage money with internet banking, the mobile app, the My Budget tool and financial literacy learning resources.
  • Investment game – a risk-free environment to try out investing strategies using virtual money.
  • Investment academy – interactive lessons that help children explore the world of investing, while giving parents the opportunity to deepen their knowledge.

Youth Programme plans

Zero+

Up to 5 years

One+

From 6 to 13 years old

Two+ / Three+

From 14 to 22 years old

Monthly fee 0,00EUR/month 0,00EUR/month 0,00EUR/month
Bank account
Assigned service plan
  • For participants in the Youth Programme plan "Zero+" (0–5 yrs), the Basic service plan for youth is assigned. This allows the child to use the bank account without the Minimum Daily Fee of 1 EUR/month. Other service plan benefits (a debit card and free euro payments in the Internet Bank) will be available to the child from the age of 6.
  • When opening a bank account for participants in the Youth Programme plan "One+" (6–13 yrs), the Basic service plan for youth is assigned. However, the Standard or Active service plan for youth can be ordered if required.
  • Participants of the Youth Programme plans "Two+" (14-17 yrs) and "Three+" (18-22 yrs) are automatically assigned a Standard service plan for youth. At the age of 23, the Standard service plan is automatically assigned, which is provided until the 25th birthday for a special price of 1 EUR/month. You can also choose another service plan offered, including the Basic Payment Account service.

You can find more information on the Service Plans page.

Basic for youth Basic for youth Standard for youth
Other service plans available

Participants of the youth programme plans "One+", "Two+" and "Three+" can also choose another service plan offered, including the Basic Payment Account service.

You can find more information on the Service Plans page.

Standard or Active1Disclaimer details for youth Active1Disclaimer details for youth
Free euro payments

No fees apply for euro payments made via Internet Banking or the “Swedbank” app. The following types of payments are included:

  • credit transfers SEPA and standing orders SEPA within Swedbank;
  • instant, ordinary credit transfers SEPA and standing orders SEPA to payment service providers registered in Lithuania and European payments;
  • e. invoice automatic payments and payments by credit transfers SEPA within Swedbank and to other payment service providers registered in Lithuania;
  • giro payments.
  • For payments made in the Internet Bank or the „Swedbank“ app by children aged 6–13, the following limits apply:

  • Daily limit – EUR 30;
  • Monthly limit – EUR 100.
Contactless „Mastercard WEB“

This card is issued only to participants of the Youth Programme from the age of 6 and can only be included in the service plans for young people. The card is not subject to the issuance, mail, and monthly administration fee.

Up to 600 EUR/month withdrawal worldwide without bank fees

Important: Other ATM service providers may apply their own fee for the service provided. If you withdraw an amount exceeding the limit specified in the service plan, a 1% fee is applied. It is calculated from the amount exceeding the free withdrawal limit specified in the plan and is deducted on the 15th day of the following month.

Access to the Internet Bank and the Smart App
Financial literacy game Knowledge Quiz
Online shop delivery protection With Standard or Active for youth
Purchase insurance for 365 days With Standard or Active for youth
Event ticket insurance With Standard or Active for youth
Personal travel insurance With Active for youth With Active for youth
Partner offers With Active for youth With Active for youth

1. Monthly fee for the service plan "Active for youth" – 2.00 EUR/month. Back to content

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

If your child is a citizen of the Republic of Lithuania under the age of 14 and you are our customer, open an account for your child online. Otherwise, please register for an appointment at the branch after reading the requirements.

If your child is a citizen of the Republic of Lithuania over the age of 13 and you are our customer, please give your consent for your child to independently open an account online or at a bank branch. Otherwise, please register to come with your child to the branch after familiarising yourself with the requirements.

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

In order for your child to become a participant of the Youth Programme and to order the Convenient Service Plan for him or her, all you need to do is to select the option for your child to become a participant of the Swedbank Youth Programme when filling in the application form for opening the child's account together.

In order for your child to become a participant of the Youth Programme and to order the service plan for him or her, all you need to do is to select the option for your child to become a participant of the Swedbank Youth Programme when filling in the application form for opening the child's account together.

If you have already opened an account and you want your child to become a participant of the programme, you can send a message in the Internet Bank or call +370 5 268 4444.

In order for your child to become a participant of the Youth Programme, to order the Convenient Service Plan and a contactless payment card for him or her, you will only need to select the option to make your child a participant of the Swedbank Youth Programme when filling in the application form for opening your child's account.

In order for your child to become a participant of the Youth Programme, to order the service plan and a contactless payment card for him or her, you will only need to select the option to make your child a participant of the Swedbank Youth Programme when filling in the application form for opening your child's account.

If you have already opened an account and you want your child to become a participant of the programme, you can send a message in the Internet Bank or call +370 5 268 4444.

  1. If your child does not have a bank account, all you need to do is to give your consent and your child will be able to open an account and join the Youth Programme on his/her own, either online or by visiting a bank branch.

    You can give your consent for your child to join the Youth Programme by:

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

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

      • Your personal 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. If your child is already a Swedbank customer, i.e. has a bank account, uses Internet Bank and has your consent, he or she can become a participant of the Youth Programme in one of the following ways:

How does the „Knowledge Quiz“ game work?

This is a financial literacy game for Swedbank Youth Programme members.

  • Log in. The child logs into the internet bank to access Knowledge Quiz.
  • Tasks. By answering questions, children strengthen their financial knowledge.
  • Prizes. Turn knowledge into rewards – correct answers earn points that can be traded for prizes!

*Game only in Lithuanian

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

Give consent to your child to independently use the bank services

In order for your 14–17-year-old child to independently use bank services, conclude new agreements or update current ones, and start to independently control their bank account:

  1. give consent:
    • by logging-in to your Internet Bank;
    • Give Consent
    • by arriving to the bank branch at the time chosen.
  2. after receiving your consent, the child must amend the Electronic Service Agreement

Have you already given your consent?

Review the consents given.
  1. If the child has a qualified electronic signature “Smart-ID” You can check this in the child’s Smart-ID app -> User info, they must write us a message on the Internet Bank, the topic of which is “Teleagreement changes for minors over 14 years old”.
  2. If the child has yet to have “Smart-ID”, they may create it here. And perform the steps indicated in the point above.
  3. Alternatively, the child must register for consultation at the bank branch and arrive at the time chosen. The child must have:
    • if present, identity document (passport or ID card);
    • birth certificate or its extract;
    • identity document (passport or ID card) of an adult, if you are accompanying the child;
    • document attesting guardianship, if the child has a guardian and the guardian is accompanying them.

Important! If the child does not have identity document (passport or ID card), the child will be serviced at the bank branch only if accompanied by one of the parents or assigned guardian.

  • You only need to give your consent to the child to independently open an account online or at a bank branch.
  • Alternatively, having familiarized with the requirements, register for a visit with your child.
Learn more

Manage your finances smartly

Contactless Mastercard WEB

  • A child can check their PIN in the app.
  • Withdraw up to EUR 600 per month worldwide with no additional fee.
  • Youth Programme members only.
Read more

Swedbank app

  • Instant balance check and money requests.
  • Card blocking and PIN management on your phone.
  • Supports Apple pay and Google pay.
Read more

Saving and spending

  • Easy saver – a tool for the child to manage savings and earn annual interest on their balance.
  • My budget – an easy way to track spending and set limits.
  • For children aged 6 and above, these services are provided free of charge.

Savings for Child’s future

  • Start before 15, save until 18-25 years of age.
  • You provide the funds, and the bank invests them.
  • Includes life insurance for the contract duration.
Read more

Challenges when talking to children about money?

We have prepared guides and educational resources for children of all ages to make financial learning a fun family activity.

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

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