It’s never too early to open a Kids Savings Account for your child. Start saving when they’re a baby and watch their money grow as they do. A Kids Savings Account must be co-owned by one child under 18 years old and one adult. If the child is under the age of 12, then the adult must be the child’s parent or legal guardian.

To open a Kids Savings Account for a child, have these things ready:

• For you: name, date of birth, mailing address, email address, phone number, employment information, annual income, Tax ID Number (SSN or ITIN), citizenship information
• For your child: name, date of birth, mailing address, Social Security number

You’ll also need to agree to the terms and conditions. Based on varied factors, you may be denied for a Kids Savings Account. Upon approval, you’ll have 60 days to fund your account.

Yes! Opening a Kids Savings Account is a great way for grandparents to help grandchildren with future expenses and teach them the value of saving. A grandparent can open a Kids Savings Account if the child is at least 12 years old. If the child is under the age of 12, the child’s parent or legal guardian must be the adult to open the account.

Children’s savings accounts offer dual access, so you can learn to save together. Kids can sign in and check their balance online 24/7, but transferring money requires a little help from the adult on the account. You’ll have to sign in using your username and password to move money in or out of their savings.

In addition to everything a kid can do, you can sign in to your kid's savings account with your own username and password to transfer money, set up an Automatic Savings Plan and manage account details.

Just like you. With a Kids Savings Account, kids can make mobile deposits by uploading a picture of a check from their phone, or put a check in an envelope and mail it in directly. If you’d like to show them how to make a deposit or wire money in person, stop by a Capital One branch or Capital One Café.

Once you sign in, you can use the Transfers & Deposits tab to transfer funds into children’s savings accounts from a linked checking or savings account (either Capital One or another bank).

Yes. Simply open a Kids Savings Account in your name and your child’s name. Then, link that account to your existing Capital One account or to an external personal checking or savings account at any U.S. bank. That's also the way you make deposits to and withdrawals from your account with us.

A Kids Savings Account can only be opened as a joint account with an adult. That way, kids can learn to manage their money while you keep a watchful eye. A trust keeps money safe on the behalf of the person who set up the trust, typically without allowing them to access the money until a specific amount of time, when the money then goes to a designated beneficiary.

Yes. Kids Savings Accounts are available both online and in person at Capital One locations. Visit a nearby Capital One location to open your Kids Savings Account and get started with free digital tools (and a top-rated mobile app) to help them manage their money, anytime, almost anywhere.

Yes. With a Capital One Kids Savings Account, you can assign up to 10 individuals as Payable on Death beneficiaries, which means that while you’re alive, the beneficiaries won’t have access to anything in the account. The only exception is that you cannot assign beneficiaries for a Trust account, where the trustee controls funds for another party. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your accounts up to allowable limits. Learn about the two ways to manage beneficiaries for your child’s savings accounts.

Your Kids Savings Account won’t automatically close when your child turns 18—you can keep it as long as you’d like. Once your child turns 18, they’re eligible to open their own 360 Performance Savings account and 360 Checking account with Capital One. They’ll also have the option to add you as a joint account holder on these accounts for added flexibility.