Welcome to banking
The 1|2|3 Mini Current Account is designed to help children and young people learn money management and take the first steps towards financial responsibility. For children under the age of 13, the account must be opened in trust and managed by an adult (trustee). The trustee must be aged 18 or over, have parental responsibility for the child and hold a Santander personal current account. The day after the account is open, the trust status can be removed for all children aged 11 and over.
With the 1|2|3 Mini Current Account you'll get:
Banking with a 1|2|3 Mini Current Account
What interest does the account pay?
|Interest rate||Account balance|
|1.00% AER/gross (variable)||£100+|
|2.00% AER/1.98% gross (variable)||£200+|
|3.00% AER/2.96% gross (variable)||From £300 to £2,000|
Interest is paid monthly on the day the account was opened.
Offers and cashback
Our overdraft services aren't available on this account. Generally, this means we won't let you make a payment out of the account if there isn’t enough money in it. However, very occasionally, there may be times where you make a payment that we can't stop, which will take the account balance below zero. We won't charge you for this.
Account alerts (not applicable for accounts held in trust)
We’ll automatically send you alerts about your balance and payments e.g. when your balance falls below zero, a payment has gone unpaid or you need to pay money in to cover a payment. These alerts will be sent by text message and/or email.
Once your account has been set up you can update your alert settings at any time by logging on to Online Banking, visiting one of our branches or by calling us on 0800 9 123 123.
Account opening information
Children under 13 years of age
For children under 13 years of age the account must be opened in trust by an adult (trustee). Trustees must be aged 18 or over, have parental responsibility for the child and hold a Santander personal current account. After opening the account, the trustee must manage the account on behalf of the child.
When the child reaches age 11, the trustee can choose:
To remove the trust status from an existing account, the trustee must visit us in branch with the child. For new account openings, the trust status can be removed for all children aged 11 and over the day after account opening.
If the trust status isn’t removed by the time the young person is 18, the interest rate on the account will change to 0.10% AER/gross (variable), unless we notify you otherwise. At this point, the account can't be transferred to another account in our range but the young person can apply for an adult current account in their own name. We’ll get in touch with more information near the young person’s 18th birthday.
Accounts cannot be opened in trust for children aged 13 or over.
Children aged 13-18
From the age of 13 onwards, young people must open and manage a 1|2|3 Mini Current Account themselves.
Online Banking and much more
You can keep track of the account with your phone or computer, or visit one of our branches if you'd like to ask us a question or carry out any transactions.
For accounts held in your name, the account is for you to manage. If you're one of our younger customers you can ask an adult for any help you might need. However, as it's your account, they won't be able to manage it for you.
For accounts held in trust, the trustee will be in charge of the account and can manage it through their Online and Mobile Banking.
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Here are just a few of the things you can do:
Our fastest growing way to bank. Use your phone or device to:
And much more
24/7 banking on your desktop or laptop computer. Everything you can do on mobile, plus:
And much more
Come in and see us for:
Use our ATMs for:
|Post Office* |
* The use of ATMs and Post Offices is only available for accounts not held in trust.
Protect yourself from fraud
It’s very important that you keep your banking details private and secure.
For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre.
Everything you need to know before you apply
We recommend reading the information in the documents below before you apply. You should print or save copies of these documents for your records and future reference.
1|2|3 Mini Account Key Facts Document (pdf) including FSCS Information Sheet and Exclusions List
Fee Information Document details the main fees and charges on this account
General Terms & Conditions including Terms of Business
To view these documents, you may need to download Adobe Reader.
You can apply online today if you are:
aged between 13 and 18 years old and;
living permanently in the UK
Applying in a branch
You can pop into your local branch to open your 1|2|3 Mini Current Account. Any accounts held in trust must be opened in branch.
Before applying please remember to read the full details and terms and conditions sections.
|Apply now||Continue application|
Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.