Headstart kid's bank account

Put your kids one step ahead with our Headstart account for children. It's fee-free and gives them interest on their savings.

Benefits at a glance

  • Helps teach kids about money and savings

  • No transaction or monthly account fees

  • Earns interest on every dollar

  • You can control the account via FastNet Classic or the ASB Mobile Banking app

Embark on the GetWise Mission with ASB

When you open a Headstart account with ASB, your children can embark on the GetWise Mission - an interactive spy themed mission kids can access at home.

Eight spy-themed assignments will help your kids develop their money-smart skills online.

A Headstart Starter Pack is available for your child when you open a Headstart account with ASB. Each pack contains learning activities, a pencil case and coloured pencils.

Is it right for my kids?

If you’d like to set your kids up for the future with good money habits, an ASB Headstart account could be a great option.

Headstart is both a savings and transaction account designed specifically for kids. It earns interest, calculated daily, and has no monthly or transaction fees, allowing your child’s money to grow.

You choose how much control your child has over their account:

  • If your child is under 13, they can make deposits, check their balance and ask for a statement. But to take money out or move it around, only you can do that – unless you give consent for your child to do it themselves.
  • If they’re a teenager (13 to 18 years old), they can open and manage their own Headstart account, like make deposits, take money out and move money around. Or if they already have a Headstart account, they can take over managing the account with your consent.
  • If consent is given to take over managing the Headstart account, Kids can have their own Eftpos card.

Once your child turns 18, we'll need to move them to a Streamline account.

Interest rates

Credit interest rate

Getting teens started

Help your teen learn about earning, saving and spending. We've got tips to help them stay one step ahead with their money.

Check it out

Get more with ASB

Let your kids buy online with a Visa Debit card

With a Visa Debit card, your child can use their own money to buy things online or over the phone, anywhere Visa is accepted. It’s a great alternative to a credit card. They simply need to be 13 years old to apply, and if they are under 16, they’ll need your approval.

Set up alerts to stay ahead

When your child starts managing their own account, they can set up alerts. So when their account goes below or above a certain limit, they'll get notifications on the ASB Mobile Banking app, and/or email. It's a great way to ensure they're never caught short.

Open Headstart account for your child

Children under 13

Come see us at a branch and bring with you accepted ID for yourself and your child.

Find a branch

Teenagers 13-18

Your teenager can open their own account by visiting a branch and bringing in accepted ID.

Find a branch

ASB Bank Limited's terms and conditions apply. Rates and fees may change. Refer to asb.co.nz for other fees and charges.

Service charges apply.
See all our rates and fees.

Bank AccountsHeadstart