How to open an FNB account for a Child



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FNBy Account  is specifically designed for the youth market, specifically for people between the ages of 0 to 18 years. Helping the youth with their day-to-day banking and savings at attractive interest rates, coupled with great benefits such as no monthly account fees, free digital banking, free electronic inContact messages and industry-leading ease of use via a trusted digital platform.

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Requirements

  • Must be a South African citizen
  • Children need to be 18 years or younger
  • Parents/guardians need to be registered for Online Banking

Documents Required for FNBy Account

  • A copy of a parent/guardian’s valid South African identity document



  • The child’s unabridged or abridged birth certificate or a valid South African identity document

  • Proof of residence (not older than 3 months) and a signed declaration proof of residence form per child

The FNBy Account is opened and linked to a parent or guardian’s account thus allowing the parent or guardian to be in full control when assisting their children with their money management journey. In addition, FNBy Savings Account customers benefit from a preferential, top tier interest rate, from R100, to help them understand the concept of savings, and how interest can help make their money go further.

Parents or guardians have the ability to set up a profile for the child to gain access to the FNB App, where the child is able manage and view their accounts as well as use all of FNB’s innovative features. This allows the child to also gain confidence in utilising these digital channels while managing their money safely and conveniently in the palm of their hands, and in the comfort of their homes.