Children under the age of 18 are not allowed to invest. However, as a parent or other legal representative, you can invest in the name of the child. Read here what you should take into account.
You apply for an account for a minor. The law requires that you take the child’s interests into account. Therefore ensure that you have authorisation from a Sub-District Court. Without authorisation your child can hold you liable for bad administration.
We will ask you whether you have authorisation from a Sub-District Court. However, we will not check this.
Please note: investing involves risks. You can lose (a part of) your deposit.
As soon as your child turns 18, we will automatically stop your access to the investment account. From that point onwards, your child is considered to be an adult and able to make their own decisions. Your child can gain access to the account by going to a branch office with a valid ID. Your child then determines what happens to the investments.
Do you want to determine when your child will have access to the investment account? Please ask for the possibilities at one of our branch offices.
