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Your child is turning 18

Find out what’s going to change

Nearly 18 years old

More about the Student Package
More about the Student Package
  • Jongerengroeirekening will be converted to a free Student Package
  • Easy, cheap insurance
  • Secure online payments with the QR code

Make sure you’re well prepared

Nearly 18! An age that most children are looking forward to. It’s not just any old birthday. From the age of 18, your child is financially liable according to the law, which means that certain things will change. For example, from your child’s 18th birthday, you can no longer monitor their bank account. But as well as banking, other things need to be arranged.

Please note: you can no longer access your child’s account

Starting on their 18th birthday, you will no longer be able to access your child’s account unless they authorise you to do so. Your child can do this themselves after they turn 18. Keep reading to find out more.

Here’s how banking will change

Proof of ID at ABN AMRO

Once your child has turned 18, we’ll need them to provide proof of their identity and a signature. You’ll get a letter about this. Your child can take care of this quickly and easily in the ABN AMRO app after their birthday. All they need to do is open the app and go to ‘Profile’, ‘Personal data’ and ‘Identity data - Change’.

Jongerengroeirekening will be converted to a Student Package

If your child has a Jongerengroeirekening, we’ll automatically convert it into a free Student Package at the start of the first month following their 18th birthday. The account number and debit card will stay the same. The Student Package is free, even if your child is not going to study.

If your child also has a personal account, they will be charged fees from their 18th birthday. Take a look at the fees page to see how much a current account costs per month. To avoid paying the fees, simply close the account.

KidsToekomst savings account and KinderBonus savings account will be closed

If your child has a KinderToekomst savings account, we’ll close the account in January after your child turns 18. Any savings, including the basic and bonus interest, will be transferred to another ABN AMRO savings account in your child’s name.

If your child has a KinderBonus savings account, we will transfer the savings, including the basic and bonus interest, to another ABN AMRO savings account in their name in the month following their 18th birthday.

If your child doesn’t yet have a savings account, we’ll open one for them.

Things to remember

You can no longer access your child’s account

Starting on their 18th birthday, you’ll no longer be able to access your child’s account unless they authorise you to do so. 
 

Request a DigiD

Your child must request a DigiD in order to take out health insurance and file a tax return. Go to Digid.nl to request a DigiD.
 

Take out health insurance

When your child turns 18, they must have their own health insurance. Make sure they also apply for a healthcare allowance, as this will save them money.
 

Take out other insurances

Whether your child is moving out or not, it’s wise to take out good insurance. Do the insurance check to find out about the most common insurance policies for (prospective) students. 

File a tax return

Every year, your child must file their own tax return. This must always be done before 1 May. If your child files a tax return in March, they’ll be notified of the outcome before 1 July.
 

Tips & tricks for prospective students

We have some useful tips for students on saving money, studying in the Netherlands and abroad and financing their studies. Take a look at our tips for students. 
Almost 18 years old!

Jongerengroeirekening will be converted to a Student Package

The Student Package is a free current account with a debit card. Even if your child is not going to study, or isn’t going to right away, they can use it free of charge. The account number, debit card and PIN remain the same as those for the Jongerengroeirekening.

Almost 18 years old!

Taking out their own insurance

If your child is starting to study and moving into student accommodation, it’s a good idea to take out a student insurance policy. This provides insurance for household contents, personal liability and any accidents. 

Find out more about the student insurance Do the insurance check

Frequently asked questions from parents and young people

Can I still access my child’s account?

No, you can no longer access your child’s account as you could in the case of the Young Person’s Growth Account and the KidsFuture Savings Account. From their 18th birthday onwards, your child will be an adult by law and responsible for their own finances. As a parent, however, you are responsible for your child’s maintenance until they turn 21. This means that you are obliged to provide your child with financial support until they reach that age. 

If you’d still like to be able to monitor your child’s account, ask your child if they are willing to authorise this. We can arrange it in a few simple steps. 

Find out more about authorisations
What if my child doesn’t yet have a debit card?

If your child doesn’t yet have a debit card, they can request one in the ABN AMRO app by following a few simple steps. They can do this themselves from their 18th birthday onwards. Before their 18th birthday, you as their parent can request a debit card for them. 

Request a debit card for a child
What happens to the savings account?

If your child has a KidsFuture savings account: 

We’ll close your child’s account in the first half of January following the year when your child turns 18. Until then, your child will be able to access the savings as normal. We’ll transfer the savings, including the basic and bonus interest, to another ABN AMRO savings account in your child’s name in January. If your child doesn’t have any other ABN AMRO savings account, we’ll open one for them. We’ll of course notify you of this in good time. When the time comes, we’ll send you a letter about this with more information.


Please note: in order to earn bonus interest for the year when your child turns 18, the savings have to be in the savings account up to and including 30 December of that year. 


If your child has a KinderBonus savings account:

We’ll close your child’s KidsBonus savings account in the first week of the month following your child’s 18th birthday. When we close the account, we’ll transfer the savings and the interest to another ABN AMRO savings account in your child’s name within three working days. When we do this, the balance will temporarily not be visible. If your child doesn’t have another savings account at that point, we will open one. We’ll of course notify you of this in good time.  


Please note: we’ll calculate the last bonus interest based on the savings balance on the last day of the month in which your child turns 18. In order to receive the final 5% bonus interest, the savings must be in the savings account up to and including the last day of the month when your child turns 18. 


Example:

Your child turns 18 on 9 January. We’ll transfer the money in the first week of February. Please note: your child will only receive this last bonus interest if the savings remain in the account until the end of the month in which they turn 18.

Can I still manage the savings after my child has turned 18?

No. In the case of the KidsFuture savings account and/or the KinderBonus savings account, the money that you have saved is a gift from you to your child. You manage these savings accounts until your child turns 18. From the moment your child turns 18, they can independently access their savings in these accounts and any others in their name. As your child will then be an adult and can make their own decisions, we will automatically block your access to your child’s accounts.


If you’d still like to be able to monitor your child’s account, ask your child if they are willing to authorise this. We can arrange it in a few simple steps.

More about requesting authorisation
My child can’t see their balance!

Your child’s current and savings accounts will be converted on their 18th birthday. When we do this, the balance will temporarily not be visible. If your child can’t see their balance, they may just need to add the account to their account overview. They can do this easily in the app. 

Make an account visible in the account overview
How can I still monitor the account?

You’ll soon automatically no longer be able to monitor your child’s spending. However, if they are happy for you to keep an eye on their finances, they can authorise you online to access their account. This option is only available if you also bank with us and your child is aged 18 or over.


If you’d still like to be able to monitor your child’s account, ask them if they are willing to authorise this.
More about requesting authorisation

Frequently asked questions from parents and young people

Can I still access my child’s account?
What if my child doesn’t yet have a debit card?
What happens to the savings account?
Can I still manage the savings after my child has turned 18?
My child can’t see their balance!
How can I still monitor the account?

Can I still access my child’s account?

No, you can no longer access your child’s account as you could in the case of the Young Person’s Growth Account and the KidsFuture Savings Account. From their 18th birthday onwards, your child will be an adult by law and responsible for their own finances. As a parent, however, you are responsible for your child’s maintenance until they turn 21. This means that you are obliged to provide your child with financial support until they reach that age. 

If you’d still like to be able to monitor your child’s account, ask your child if they are willing to authorise this. We can arrange it in a few simple steps. 

Find out more about authorisations

What if my child doesn’t yet have a debit card?

If your child doesn’t yet have a debit card, they can request one in the ABN AMRO app by following a few simple steps. They can do this themselves from their 18th birthday onwards. Before their 18th birthday, you as their parent can request a debit card for them. 

Request a debit card for a child

What happens to the savings account?

If your child has a KidsFuture savings account: 

We’ll close your child’s account in the first half of January following the year when your child turns 18. Until then, your child will be able to access the savings as normal. We’ll transfer the savings, including the basic and bonus interest, to another ABN AMRO savings account in your child’s name in January. If your child doesn’t have any other ABN AMRO savings account, we’ll open one for them. We’ll of course notify you of this in good time. When the time comes, we’ll send you a letter about this with more information.


Please note: in order to earn bonus interest for the year when your child turns 18, the savings have to be in the savings account up to and including 30 December of that year. 


If your child has a KinderBonus savings account:

We’ll close your child’s KidsBonus savings account in the first week of the month following your child’s 18th birthday. When we close the account, we’ll transfer the savings and the interest to another ABN AMRO savings account in your child’s name within three working days. When we do this, the balance will temporarily not be visible. If your child doesn’t have another savings account at that point, we will open one. We’ll of course notify you of this in good time.  


Please note: we’ll calculate the last bonus interest based on the savings balance on the last day of the month in which your child turns 18. In order to receive the final 5% bonus interest, the savings must be in the savings account up to and including the last day of the month when your child turns 18. 


Example:

Your child turns 18 on 9 January. We’ll transfer the money in the first week of February. Please note: your child will only receive this last bonus interest if the savings remain in the account until the end of the month in which they turn 18.

Can I still manage the savings after my child has turned 18?

No. In the case of the KidsFuture savings account and/or the KinderBonus savings account, the money that you have saved is a gift from you to your child. You manage these savings accounts until your child turns 18. From the moment your child turns 18, they can independently access their savings in these accounts and any others in their name. As your child will then be an adult and can make their own decisions, we will automatically block your access to your child’s accounts.


If you’d still like to be able to monitor your child’s account, ask your child if they are willing to authorise this. We can arrange it in a few simple steps.

More about requesting authorisation

My child can’t see their balance!

Your child’s current and savings accounts will be converted on their 18th birthday. When we do this, the balance will temporarily not be visible. If your child can’t see their balance, they may just need to add the account to their account overview. They can do this easily in the app. 

Make an account visible in the account overview

How can I still monitor the account?

You’ll soon automatically no longer be able to monitor your child’s spending. However, if they are happy for you to keep an eye on their finances, they can authorise you online to access their account. This option is only available if you also bank with us and your child is aged 18 or over.


If you’d still like to be able to monitor your child’s account, ask them if they are willing to authorise this.
More about requesting authorisation

Filing the first tax return

Turning 18 means filing your own tax returns. That can be a little challenging the first time around, but you can help your child with this. They’ll need a DigiD to file a tax return.