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The Kids & Teens Instant Access Savings account is a financial product designed for minors, with a parent or guardian holding control. It's an interest-earning account that allows for the accumulation of savings over time.

Funds from a closed Kids & Teens Instant Access Savings will be returned to your main account balance.

Only a parent or guardian can create a Kids & Teens Instant Access Savings account for their kid. You can do so from your main Revolut app. To do so:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Choose 'Add new'
• Select 'Savings'
• Select 'Kids & Teens'
• Follow the prompts to set up your account

You and your kid can both add and withdraw money to or from a Kids & Teens Instant Access Savings account. Money will be deposited into the main account of the person who withdraws the funds from the savings account. To add or withdraw money as a parent or guardian in the main Revolut app:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Select the Savings Account under your kid’s name
• Tap 'Add money' or 'Withdraw money'

To add or withdraw money as a kid in the Kids & Teens mobile app, go to 'Save' on the bottom menu and tap 'Add money' or 'Withdraw money'.

The account can hold a maximum balance of RON 14,000 at any given time. If these limits are reached, we'll let you know, and you won't be able to add more money until the balance falls below the limit.

Eligible deposits are insured by the Lithuanian Deposit Insurance Scheme but some exceptions may apply. To learn more, go to our Deposit Insurance Information document.