Accesscu Youth Accounts

How the Accesscu Youth Account Works

A youth account lets a child aged 6 to 17 save money under guardian joint control, earning 2.5% AER on the first €2,500 of balance.

The account is opened online in about ten minutes. The guardian gives consent and is a joint owner for the life of the account, while the child can see their balance and their goals in the app.

Young members access the same online banking platform used by adult members, but the guardian bracket limits what can be moved — nothing leaves the account without a guardian tap.

Guardian Joint Control

Every youth account has a parent or guardian as joint owner, and all transfers in or out require their approval in the app.

Guardians are named on the account at opening and receive their own security confirmation for every money movement, so nothing happens at 11pm that you did not approve at 8pm.

If two guardians are named, either may approve, and both see live balances. Accesscu staff will not release youth funds by phone or in branch without a guardian signature or an approval made through the app.

• Guardian approves every payment, transfer and withdrawal.
• Guardian sets low-balance and goal-completion alerts.
• QR pocket money lands only after guardian approval.
• Both account holders can view balances live in the app.

QR-Coded Pocket Money

Send pocket money by asking your child to show their app's QR code — scan it, tap approve, and the funds land in seconds.

Each code refreshes every 60 seconds and can only be scanned once, so a screenshot of a child's code cannot be reused. Amounts are capped at €100 per transfer for youth accounts.

The whole flow takes about eight seconds: the child taps the pocket money QR button in their app, the guardian scans from theirs, types the amount and confirms.

1. Show the code

   The child opens the app and taps Pocket Money QR — a unique, 60-second code appears.

2. Scan and type amount

   The guardian scans it from their own phone and enters the amount, from €0.50 up to €100.

3. Approve

   One tap moves the money instantly and both phones show the updated balance.

4. Set it weekly

   Pay allowance weekly — the code means the child knows the value of small, regular numbers.

2.5% AER on the First €2,500

Youth accounts earn 2.5% AER on the first €2,500 of balance — a higher youth rate — with standard Accesscu tiers applying above that.

The youth rate is applied automatically to every account at signup and is not promotional or time-limited; it is the rate Accesscu pays on small youth balances, where the standard tier would be 1.0% AER.

Interest is credited monthly and compounded, so a €2,500 balance earns roughly €63 over a full year before tax.

Savings Goals in the App

Children set savings goals in the app — a target amount, a date and a label like Big Bike — and watch progress fill as money arrives.

Goals are repeatable and independent: a child can run several at once, and the guardian controls whether anything moves between goals or out of the account.

When a QR pocket money payment arrives, the child chooses which goal it feeds, which converts a weekly €5 into a visible, compounding lesson about delayed spending.

• Create unlimited named goals from the child's profile.
• Assign each QR payment or deposit to a specific goal.
• Progress shown as money, percentage and days until target.
• At 18, goals and balances convert to a standard account automatically.

Frequently Asked Questions About Youth Accounts

The five questions parents ask most cover age limits, who controls the account, QR pocket money, the 2.5% rate and what happens at 18.

Safe-keeping and privacy details are explained when you open the account, and our ID verification follows Central Bank of Ireland guidance. For anything else, call +353 1 555 0123 — we operate 24/7.