Nearly 18! An age that most people look forward to. From the age of 18, you are financially liable according to the law – this means that there are some things that need to be arranged. Read about the most important ones here so that you are well prepared for this amazing new chapter in your life.
No, your parents can no longer access your account as they could in the case of the Jongerengroeirekening. They may also not change any settings or perform any other operations on your account. You are now 18 and are responsible for your own finances.
If you would like your parents to still look over your shoulder, you can authorise them to do so. We can arrange this in a few simple steps.
If you also have an Ajaxrekening in addition to a Jongerengroeirekening, it is automatically converted to a personal account. A charge of €1.94 per month for the personal account will apply. If you would prefer not to pay for a personal account and just have the free Student Package, transfer the money in the Ajaxrekening to the Jongerengroeirekening now and close the Ajaxrekening.
If you have a KinderToekomst savings account:
We will close the account in the January following your 18th birthday. We will transfer the savings, including the basic and bonus interest, to another ABN AMRO savings account in your name. If you do not have another ABN AMRO savings account, we will automatically open one for you. When the time comes, we will send a letter with more information about this to your parents.
If you have a KinderBonus Sparen savings account:
We will calculate the last bonus interest based on the savings balance on the last day of the month in which you turn 18.
We will close the KinderBonus Sparen account in the first week of the month following your 18th birthday. When we do this, the balance will temporarily not be visible. Within 3 working days, we will transfer the savings, including the bonus interest, to another ABN AMRO savings account in your name. If you do not have any another ABN AMRO savings account, we will open one for you.
Example: you are turning 18 on 9 January. We will transfer the money in the first week of February. Important: you will only receive this last bonus interest if the savings remain in the account until the end of the month in which you turn 18.
No. In the case of the KinderToekomst savings account and/or the KinderBonus Sparen account, the money that your parents have saved is a gift to you. From the moment you turn 18, you may independently control your savings in these and other accounts in your name. As you will then be an adult and can make your own decisions, we will automatically block your parents’ access to your accounts.
If you want your parents to still have access to your account(s), you can authorise your parents to do so. We can arrange this in a few simple steps.
Yes, once you are 18, you need to have your own health insurance. Make sure you also apply for a health care allowance, as this will save you money.
