Your Under 19s account is a current account that helps you to start to manage your money. Planned Overdrafts are not available with this account and some services are only available when you reach 16 years old. You can find further details in your Welcome Pack.
Your Under 19s account is provided by Lloyds TSB Scotland plc if you open it in a branch in Scotland, otherwise it is provided by Lloyds TSB Bank plc.
Our agreement with you is made up of general conditions (contained in the Personal Banking terms and conditions leaflet) and additional conditions. These include the conditions below and the Banking Charges guide which contains our standard fees. If there is any overlap or conflict between the additional conditions and the Personal Banking terms and conditions, the additional conditions apply.
Eligibility
To open this account you must be between 11 and 18 years old. You can only have an account in your sole name.
We will check with third parties (for example UCAS) to confirm whether you have applied to study on a full time course that lasts for a minimum of two years or be on a one year access course leading to a full time degree. Once your place at university/college has been confirmed by us, we will convert your account to a full Student account.
Around your 19th birthday, if your account has not been converted to a Student account, we will convert it to a Classic account (or similar account if it is no longer available).
Where we change your type of account we will tell you before making the change and will give you the details of your new account. Once your account is converted, the benefits connected with your Under 19s account will stop.
Interest Rates
The Under 19s account interest rates will vary depending on the amount in your account. Rates are variable and interest is paid quarterly. You will find our current interest rates for the account in our UK branches, online at www.lloydstsb.com or by phoning us on 0845 300 0032.
Cooling Off
If you are not happy with your choice of account or service, you can cancel it within 30 days of opening the account or taking the service. We will then help you to move to another account we offer or will return your money to you with any interest you have earned on it.
