Children in the world of finance

Already from an early age, it is worth introducing your child to the world of finance. Bank Millennium data show that juniors are eager to use a bank account and are active users of the mobile app. Children are most likely to pay using BLIK codes. Over the period from March to July 2024, the average transaction amount for children up to 12 years of age was PLN 75 with BLIK and PLN 15 with card. Similarly, older children (aged 13-17) spend 29 zlotys with BLIK and 20 zlotys with a card. Juniors (aged 7-12) are also very eager to use the mobile application. Most of them (78%) log in to it on average 12 times a month. Young people aged 13-17 (93%) launch the banking application on average 22 times a month. Every tenth child under 12 years of age has also asked their parents for pocket money via the app.

- We are glad that young people are willing to take advantage of the opportunities we have created and are actively developing for them. Bank Millennium's Konto 360° Junior account is an ideal solution for parents who want to teach their children the basics of financial management. Children appreciate the possibility of saving on their own and using a modern mobile application tailored to their age and needs. Young users can learn to be responsible with money. A fee-free account allows you to build the future financial independence of juniors. – says Magdalena Jaskóła, Head of the Current Accounts Sub-unit at Bank Millennium.

Bank Millennium has been improving its offer for the youngest for over a decade. Parents can open Konto Millennium 360° Junior account for their child right after birth. The youngest children (up to 6 years old) do not have access to the mobile application, online banking or card. However, they can learn to manage their own budget from an early age. Even small funds can be accumulated on your account and saved at an attractive interest rate on the Konto Oszczędnościowe Profit savings account.

Konto 360° Junior account grows with your child. The functions and capabilities of the account are adapted to the age. Young customers gain access to new services as they grow. For example, from the age of 7, at the request of a parent, a child can receive access to the mobile application and a debit card to an account with specially designed graphics and a payment limit managed by the parent. From the age of 13, juniors get access to Millenet online banking, and the mobile application gains an "adult" design. Its user will also be able to take advantage of new functionalities, such as topping up the phone, buying public transport and cinema tickets, and cybersecurity educational communication. The parent has full control over the child's expenses. If they have access to electronic banking, they can view their child's expenses on an ongoing basis, as well as quickly top up their child's account with pocket money. In the current offer, by opening this account and meeting the conditions of the "Wprowadź dziecko w świat finansów z Kontem 360° Junior" promotion, the customer can receive a prize in the form of a goodie eCard worth from PLN 150 to PLN 200.

More information: www.bankmillennium.pl/klienci-indywidualni/konta-osobiste/konto-360-junior