Navigate to main page content
PrivateBusiness
Become a customer

For parents

Open an account remotely

Ready for school, ready for a bank card

Children learn so quickly! Thus, it makes sense to teach them about financial matters early on.

  • Account opening for child - remotely or at branch
  • Child’s card is conveniently linked to the parent’s Internet Banking user account
  • Payments to other banks are free of charge until the age of 22
  • Rich digital possibilities – mobile app, payments by smart phone or smart watch
Send and check their pocket money in the mobile app within seconds Having money on a card is safer than having cash in a wallet Swedbank ISIC card doubles as an official pupil card and discount card

Swedbank ISIC scholar card

  • Official pupil and discount card
  • Safe and fast contactless payments
  • Usable in digital wallets
  • Monthly fee only 0.25 EUR per month
More about card

Swedbank Payment Card

  • Safe and fast contactless payments
  • Usable in digital wallets
  • 50% discount on the monthly fee until the age of 22
More about card

Make things easier with our mobile app

Manage your child’s financial matters in an easy way with our mobile app.

  • Transfer money within seconds
  • See the account balance
  • Manage the card – block and unblock it, switch on/off online shopping etc
  • Check forgotten card’s PIN code anytime
  • Add card to e-wallets so the child could pay with smartphone or smartwatch
App Store Google Play

Talk with child about finances

Exciting stories for talking to children about money: read and listen!

Read more

How to talk to children about money value? Tool: special worksheet

Read more

Laura Grēviņa's experience in teaching children money

Read more
In order for a preschool child to get an understanding of how money works, you can pretend play shops or a profession chosen by the child where one of the elements of the game can be receiving salary - one deserves a good salary for a job well done. Then you can dream together about how the child would like to spend their salary. If the dreams and plans are bigger, you can let the child know that one salary won’t be enough for visiting the Disneyland and it will be necessary to save up. Let the child themselves pay for ice cream, hand the money to the salesperson, get the change and the receipt. This will not only foster understanding of how money works but will also train the child’s social skills that they will need at school and later in life. A piggy bank is the most suitable form of saving money for a small child as this is something that the child can touch, see and jiggle. At this age, it is recommended to save money in coins because the child may perceive five one-euro coins as more than a five-euro banknote. The piggy bank can be transparent so that the child would have a clear picture of how the money is accumulating. Support the child in the process of saving. Saving can be encouraged by both decorating the piggy bank and making a calendar where the child can follow how much there’s still to save to get the desired purchase. Praise the child for their small victories in the journey to mastery - maybe recognizing a small achievement on the halfway will stir up even more enthusiasm to get to the result or repeat the achievement. When in a shop, the child may want lots of things, hence it is necessary to make them aware that money does not grow on trees and that there’s a limit to how much you can withdraw from the cash machine. It is important not to satisfy every wish of the child and not to buy everything they desire. There won’t always be enough money to buy what you need or want right away. Having own bank account and payment card will help realizing that the cash machine is no genie or goldfish and that the parent’s wallet is not a bottomless pit of money. Depending on the family budget, you can transfer a specific amount of spending money for the child. The child will have their money to spend as they consider appropriate. In your Internet Banking user account, you can keep track of how much money the child is spending with the card and where. By entrusting the child to buy some minor items you give them an opportunity to learn how to plan purchases themselves. This will prompt younger pupils to learn the multiplication table, addition and subtraction with two-digit numbers faster. Teach the child to take receipt and make sure that the change given matches. One of the ways of encouraging the child to save towards a specific goal is promising that if the child manages to save up half of the money necessary for some bigger purchase, you will add the other half. Likewise, it is important to make sure that the target of savings is reasonable because the child, most likely, won’t be able to save up for a playground but getting a new bike with some help by parents is quite possible.
  • Comparing offers of different outlets.
  • Timing the purchase correctly.
  • Balancing various alternative purchases (sweets or cinema).
  • The meaning of marketing - explain the child the techniques employed by retailers to create a desire to buy more items.
If the school holds the annual autumn market day, support your child. It is an opportunity to enjoy being an entrepreneur and earning first money. You need to figure out what products - edibles or beverages - could have demand at the school market day. What would be a suitable price so others would want to buy that product while at the same time covering the cost of producing it. Encourage the child to think how to decorate their outlet so as to attract a many buyers as possible.
Using real-world figures, explain how much of the family budget is spent on food, utility payments, gas, clothes and other items necessary for the family. That way the youngster will understand why you’re not always prepared to support all their financial demands. Teach considering small amounts of money from a monthly or annual perspective. For example, a youngster may think that five euros a day as pocket money is too little but you can make them aware that this amounts to 25 euros per week, 100 euros per month and 1200 euros per year. Children are the mirror image of their parents. If you don’t make savings yourself, it will be harder to stir interest to do that in your child too. Make savings yourself and tell about it. For example, if you plan to go on a vacation in summer, tell that you’re setting aside a specific amount of money each month already now. Encourage your child to share their wishes with you and agree together how that goal could be reached and how long would it take. The key is to set a motivating and realistic target in the process of saving. If the teenager is after expensive stuff, clothes and other things, you can encourage them to make some money by working in weekends and summer. The Employment State Agency offers special support programs for pupils to work during summer. You can follow updates on the website nva.gov.lv. Alternatively, you can inquire at your local government about summer jobs. From the 9th grade, one can set up a student company within the Junior Achievement program which is a great opportunity to get first experience in business and try out most bold ideas.

Follow us on social media

Swedbank logo

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

Lūdzu izmantot Google Chrome, Mozilla Firefox vai Microsoft Edge pārlūkprogrammu.

Ar 23.03.2021. Swedbank internetbanka vairs nav pieejama, izmantojot Internet Explorer tīmekļa pārlūkprogrammu.

Tāpat nav iespējams apstiprināt Swedbank maksājumus citās vietnēs, kā arī izmantot Swedbank autentifikāciju, piemēram, latvija.lv.

Turpmāk iesakām izmantot Google Chrome, Mozilla Firefox vai jaunāko Microsoft Edge versiju. Uzziniet, kā uz sava datora uzstādīt kādu no minētajām pārlūkprogrammām, šeit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klientu serviss - Инфо и помощь - Customer service: +371 67 444 444

Swedbank
  • Jūsu ierīces operētājsistēma un pārlūkprogramma ir novecojusi un netiek atbalstīta Swedbank internetbankas lietošanai. Aicinām vērsties pie Jums uzticama IT atbalsta, lai saņemtu konsultāciju un veiktu atbilstošu operētājsistēmas un pārlūkprogrammas atjauninājumu.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.


CASCO when? Now!

Seize the opportunity – get a 15% discount on CASCO insurance until April 7.