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Daily banking services for minors for free

For 7 to 17 year-olds
Mastercard Junior debit card with no monthly or issuance fee
Smart-ID for payment confirmation
Unlimited free transfers
Modern mobile app to keep track of finances and a money request functionality to ask parents for extra funds
Sending cards by post or to Omniva parcel machine is free of charge
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Practical tasks to do with your children to improve their financial literacy

For children age 7 to 11

For children age 12 to 15

For children age 16 to 17
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1.
Opening an account for a child via the internet bank

You can open an account for your child in the internet bank if:

  • You are our customer with access to the SEB internet bank
  • You are the parent of the child
  • Your child is between 7 and 17 years old
  • Your child is a citizen of Latvia with an identity document issued in the Republic of Latvia.
  • Child’s personal identity number contains birth date
2.
Easy steps to open an account for your child if you are not an SEB customer
  • View the necessary documents and other requirements for the meeting so that you can prepare in advance.
  • Apply for a video meeting or book a bank visit when it’s most convenient for you.
  • During the meeting sign the customer agreement, gain access to the internet bank and mobile app, and apply for the child’s payment card.
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16 to 17 year olds can become bank’s customers via the SEB mobile app.

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3.
Documents necessary for the video meeting if the child is 7 to 17 years old
  • Child's passport or eID card, or foreigner's passport and residence permit.
  • Parent’s passport or child’s birth certificate (in case the parent has only an eID card or there’s no entry about the child in parent’s passport).

We offer the Smart-ID mobile app as the authorisation tool for confirming payments and various actions in the internet bank. The app can be set up remotely and without bank’s assistance by using the biometric identification method. A guide is available on the Smart-ID web page. If you do not wish to use Smart-ID, we will issue a code calculator as the authorisation tool.

4.
Documents necessary for an in-person meeting at the bank if the child is 7 to 15 years old

The child’s parent or other representative needs to visit the bank and:

  • Bring their own and the child’s passport or eID card or foreigner's passport and residence permit.
  • The child’s birth certificate or other document which proves representation is required if the parent or other representative brings only their eID card or the parent’s passport has no entry about the child.

We offer the Smart-ID mobile app as the authorisation tool for confirming payments and various actions in the internet bank. The app can be set up remotely and without bank’s assistance by using the biometric identification method. A guide is available on the Smart-ID web page. If you do not wish to use Smart-ID, we will issue a code calculator as the authorisation tool.

5.
Documents necessary for an in-person meeting at the bank if the child is 16 to 17 years old

From the age of 16 persons can represent themselves – by bringing their passport or eID card, the teenager can visit the bank alone. The account can also be opened by teenager’s parent or representative. In such case the parent or other representative needs to visit the bank and:

  • Bring their own and the child’s passport or eID card or foreigner's passport and residence permit.
  • The child’s birth certificate or other document which proves representation is required if the parent or other representative brings only their eID card or the parent’s passport has no entry about the child.

We offer the Smart-ID mobile app as the authorisation tool for confirming payments and various actions in the internet bank. The app can be set up remotely and without bank’s assistance by using the biometric identification method. A guide is available on the Smart-ID web page. If you do not wish to use Smart-ID, we will issue a code calculator as the authorisation tool.

If you prefer to skip visits to the bank and save time, you can become our customer starting from the age of 16 via the SEB mobile app.

SEB School Ambassador Programme

Financial literacy programme for high school students, which provides training on a wide variety of topics, including financial literacy and banking. Students will become financial literacy experts of their class and will be able to teach their peers as well. Every participant will have their own mentor from SEB, who will provide support for the student’s personal growth. The duration of the programme: November 2024 to May 2025.

Learn more
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