Navigate to main page content

For parents

Teach financial matters when it’s the easiest to learn new things.

Open an account for your child and apply for a payment card in one of our branches. Book a visit, choosing the time and branch most convenient for you:

  • Child’s card - conveniently linked to the parent’s Internet Banking account
  • Mobile app - an opportunity to transfer money to the child within seconds
  • Modern solutions - payments by smart phone and smart watch

To open an account for a child (6-15 years old), the child must have a valid passport or ID card. If the passport/ID card has been issued in Latvia, a parent or a legal guardian can open the child's account without bringing the child to the branch. If the child's passport/ID card has been issued abroad, you must bring the child along. When visiting a branch, please bring the child's passport/ID card, your passport/ID card, and documentary proof of parentage/guardianship (e.g. birth certificate).

Debit card

*For children up to 15 years old. From age 16 and up, the child has to apply for their own card in Internet Banking.

Swedbank ISIC card

*For children up to 15 years old. From age 16 and up, the child has to apply for their own card in Internet Banking.

Ordering the card 0.00 - 2.00 EUR

Via Internet Banking - 0.00
Via Telephone Banking - 2.00
At branches - 2.00

Card ordering fee for account holders from the age of 23:
Via Internet Banking - 0.00
Via Telephone Banking - 4.00
At branches - 4.00

Free of charge
Card production and delivery 1.00 - 2.00 EUR

By post - 1.00
At branches - 2.00

Card production and delivery for account holders from the age of 23:
By post - 2.00
At branches - 4.00

Free of charge
Fee 0.71 EUR monthly Card monthly fee for account holders from the age of 23 - 1.41 EUR 2.85 - 6.50 EUR yearly

Schoolchild - 2.85
Students - 6.50

Purchases in Latvia and abroad Free of charge Free of charge
Currency exchange mark-up 2% 2%
An international discount card - agree
International student / scholar card - agree
  • The full price list can be found here.
  • All terms and conditions are available here.

Swedbank ISIC card in Latvia and worldwide is:

  • An official student/scholar card
  • A discount card
  • Bank card for paying in stores and online
  • Card with contactless payment feature
  • Discounts at more than 550 places in Latvia and 150,000 places around the world. Learn more about discounts at
  • Proof of the status of pupil/student all across the world, for example in libraries, museums and public transport

Internet shopping

In order for Internet shopping to be safe and secure, the option to pay online must be enabled for the card before using it.

Find out more

Contactless payments

  • You can pay for purchases of up EUR 50 by simply touching the card against the card reader. Contactless payments are available everywhere you see the contactless payments symbol contactless. Just a beep and it's paid!
  • The contactless payment feature for the card can be activated/deactivated via Internet Banking or Swedbank mobile app
  • Everyday purchases can be paid for with a smart phone. Such payments are accepted in many places around the world. It’s secure and convenient. E-wallets supported:

Value of money

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.

Saving as an adventure

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.

Value of money

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.

Targeted savings

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.

Rules of well-thought-out shopping:

  • 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.

Possibility to earn themselves

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.

Importance of money

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.

First work experience

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 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.

Children rely on support from their parents. You can take care of savings in good time with small, regular contributions that will amount to substantial support in the child’s future later on. The amount accumulated can be useful for covering the cost of studies, buying the first car, making a somewhat bigger purchase or serve as an emergency fund to give extra sense of safety.

When travelling and on day-to-day basis, it is important to take care of the family’s safety also in unexpected situations. You may find useful:

High-quality education can lead to a more successful future. It is up for the child to choose a field that not only holds future potential but is also exciting for them. That’s how it is - the major life decisions need to be made by you yourself. However, if you need support, it’s good to know whom to ask.

Find out more about the state-guaranteed study loan and student loan here.

Created to be your favorite

Create your child’s future today!

Do you have an overview of your spending’s? My Budget is a perfect tool for that.

The Easy Saver will help your savings grow in small but smart steps.

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,

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

  • 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.

Thank you for the visit!

For security reasons, please close the browser window!


Select a pension plan that suits you best!

6% of your monthly salary go to the 2nd pension pillar. Select a pension plan that suits you best to enable your savings to grow.

Why to choose 2nd pension pillar with Swedbank?

  • Low fees – from 0.30% per year
  • A wide selection of pension plans – from active to conservative
  • Sustainability – your savings will be invested for a greener future for you and for your offspring
  • Great profit potential – your savings are invested in various industries across the globe
Sign up via

By applying for the 2nd pension pillar, I agree to my personal data (given name(s), surname, identity number) being made available to the State Regional Development Agency (VRAA) for provision of the respective e-service. The asset manager is Swedbank Ieguldījumu Pārvaldes Sabiedrība AS and the asset custodian is Swedbank AS, having their seat at Balasta dambis 1a, Riga, LV-1048. The 2nd pension pillar investment plan prospectuses and historical performance are available here. The suitable pension plan is determined based on the customer’s age.