Kids bank accounts

Getting your child involved in banking is important

Establishing good spending and saving habits plays an important role in creating a great foundation for your child’s lifelong relationship with money and banking. We know the importance of helping your family reach their financial dreams, and that includes the dreams of your children – even if they aren’t aware of them yet!

Heritage Bank’s Target Bonus Account for kids has no monthly account keeping fees and the ability to earn a bonus interest rate above the normal rate for every month you make at least one deposit and no withdrawals^.

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How to open a kids bank account with Heritage

  1. Download this form and get started on the application now.
  2. You will need to have the correct identification prepared to open the account. See the form to find out what you’ll need.
  3. Visit your local branch or phone 13 14 22 and ask our friendly staff to help you open a Kid’s Target Bonus Account.

What identification is needed?

  Children under 12 years

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  Children over 12 years but under 18 years

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  Accounts being opened as part of a school banking program

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Do I need to provide my own I.D. when opening an account for my child?

A parent or guardian will need to provide identification if they are the authorised signatory for an account (this is a requirement for children 11 years and under). Identification details can be found on the back page of the Application for Youth Account Form.

Guide to setting up your child's bank account

 Introduce banking to your child

 Discuss what your child’s account is to be used for

 Set up a kids bank account in-branch or by calling 13 14 22

 Motivate your child to save

Tip for kids: use our easy Pocket Money Tracker to keep track of what you've been earning and saving.

Kids’ stuff

Check out our blog for cool ways to earn more pocket money and for information to help you get the most out of your savings. 


7 money-making tips for kids

Are you saving up for something big? Or need some money for a new game or holiday activity? Here's 7 money-making tips for kids.


Mowing lawns for money

If you're old enough and your parents agree, mowing lawns for your neighbours might be a great way to earn some extra pocket money. Here are some things you'll need to think about first.


Easy no-bake dog treats

These pawfectly delicious and easy no-bake dogs treats are a great way to earn a bit of extra pocket money.

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3 ways to make back to school shopping easier

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The Harris family from Applethorpe are saving $135 a week with their Heritage Bank home loan

Switch your home loan from one of the big four banks to Heritage.

Find out how much you could save

Saving calculated as at 11 March 2015 on first 12 months after switching a mortgage from a big four bank rate to Heritage's 3 year Fixed Rate Home Loan. Conditions, criteria and fees apply.

^Please consider the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or at before you decide whether this product is right for you. For this product please see the information about our S12 Accounts. Information correct as at 2 January 2016 and subject to change without notice. 

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.