Are you wondering whether your child should continue to put change into a piggy bank, or maybe it's time to take a step towards modernity - a child account, card and savings account?
In the digital age, financial education has a completely new face, and the best way to teach your child to manage money responsibly is to set up a bank account, a debit card, and a savings account.
Sounds serious? Maybe a little, but don't worry - this is a step that will definitely help your child in the future... because who among us walks the streets today with a wallet stuffed with banknotes and pays everywhere in cash? Exactly...
For me, good preparation of a child for everyday, "adult life" means, above all, raising him in real conditions and building habits that are deeply rooted in the reality around us.
Here are 10 reasons that will convince you that it is worth ditching the traditional piggy bank and giving your child modern financial management tools!
Instead of tossing change into a piggy bank, kids can learn how money really works—in digital form! Having a bank account is a practical lesson in finance, available at your fingertips.
Losing a wallet is bad luck, but losing cash is painful! A bank account gives your child the peace of mind that their money is safe. If you lose your card, you can block it with a single click. Additionally, you, as a parent, set payment limits on your child's card.
When a child has an account, parents can easily monitor how they spend their money. Every transaction is visible in the banking app, which allows you to better understand their financial habits... Talk about what they spend on and how much... and how much they save.
The funds in a savings account pay interest from the first złoty. This is much more motivating than keeping money in your wallet.
The sooner a child learns to use banking, the easier it will be for them to manage finances in adulthood. An account and a card are basic tools that each of us uses every day.
Account card, BLIK, contactless payments – these are already the standard in everyday payments online and in stores. A child can learn all this from an early age. Thanks to this, your child will be able to pay safely without having to carry cash.
A child who has access to an account and a card learns to be responsible for their own finances. They must plan their expenses, save for larger purchases, and make sure not to exceed their budget.
A child who has a bank and savings account learns not only to be responsible for their spending, but also to plan and achieve their goals . The account allows you to set savings goals, such as buying a dream toy, gadget or financing a trip... or multiplying savings or investments. Instead of acting impulsively, the child has the opportunity to plan their goals and learns to strive to achieve them.
A bank account for a child may be covered by promotions – e.g. additional bonuses for opening an account, better interest rates on savings or loyalty programs.
Before we move on to the next, tenth point, I have to tell you about the current promotion of the Przekorzystne Account at Bank Pekao SA, because it's the best place! Why? Because your bonuses grow with the opening of an account for children! For me, this is a super banking hit this fall.
Until September 30, 2024, Bank Pekao SA adults and their children have a chance to open an Advantageous Account in the starting promotions and to invest their savings in the Savings Account and the Mój Skarb savings account with a promotional interest rate.
I'll tell you everything step by step and explain how you can grab all the bonuses in this promotion!
Your total benefits will then total PLN 500. That's quite a lot! ... and if you have two children, then for the next account for a child you will get... yes! another PLN 200 bonus!
In addition, you have the option of opening a savings account at 7% per annum. A very high upper limit is a pleasant surprise, because you have guaranteed interest for 5 months up to a maximum limit of PLN 100,000.
This is a really good offer that is worth taking advantage of. All this in a package with a free account in a large and well-known Polish bank!
Are there any conditions for this promotion? Of course, but you can fulfill them effortlessly and completely remotely – without leaving your couch.
This promotion is open to anyone who did not have (or was not a co-owner of) a personal, savings or term deposit account with Bank Pekao from January 1, 2022 to June 13, 2024. On the day of joining the promotion, you cannot have any credit product with Bank Pekao SA.
What does this mean? It means that if you had, for example, a personal or business account or if you closed your personal account, savings account or deposit with Bank Pekao SA before 1 January 2022, you can take advantage of the promotion.
Interesting offer? Then jump on the bank's website, see the details and take advantage of the promotion!
The bonus of up to PLN 200 is divided into two parts.
You will receive the first bonus of PLN 50 when, by September 30, 2024, you complete an application for an Konto Przekorzystne account on the promotion website along with an account card and the Pekao24 electronic banking service and the PeoPay application.
Also remember to indicate your consent to the processing of personal data to the extent necessary to participate in the promotion.
…now the important thing!
When submitting the application, choose the form of concluding the contract online by confirming your identity using another of your accounts or using biometrics on a selfie (via the website – online or mobile application).
The bank's plus is that it meets its customers' needs and if, due to technical problems, it is necessary to complete the process, e.g. at a branch, it will take into account that we tried to do everything on a selfie. Then we will still receive the prize. However, the condition is clear - the application must be started online . Do you want a bonus? You can't skip this step.
You can receive a second bonus of PLN 150 if in each of the three following months after opening the account (i.e. for accounts opened in September 2024, these will be the months: October, November and December 2024) you make at least 5 payments with the card for any amount. This applies to regular purchases in stationary stores and online. Remember, however, that Blik payments do not count.
And that's it. For meeting this condition you will receive another 150 PLN bonus! That's a total of 200 PLN!
Details regarding the prize payout date are specified in the Regulations available on the promotion website at Pekao.
Remember! Until you receive all the rewards, do not terminate the account agreement or the card agreement issued for the account.
In addition to the above-mentioned bonus of up to PLN 200 for opening an account with a card, there is also a parallel promotion for registering a Mastercard card with an image in the Priceless Moments® program.
Pekao, in addition to account cards (standard, red and gold), also offers so-called image cards: for example, music, gamers or sports. For such a card, you pay a one-time fee of PLN 5 for its issuance. You pay PLN 5, but you can take part in a promotion with a voucher for PLN 100. You can do everything in online banking, when setting up or after setting up an account.
This is a loyalty program for Mastercard cardholders. You receive points for every card transaction. Now you can get 8,000 welcome points (worth exactly PLN 100) for meeting simple conditions. You can exchange the points for vouchers for shopping in popular stores or cinemas.
The "Develop your passions with Bank Pekao SA" campaign may be participated in by adults who were not clients of Bank Pekao SA as of 14.06.2024 and have not yet registered any card issued by Bank Pekao SA in the Priceless Moments® program. Previously registered cards from other banks are irrelevant here.
Register your Mastercard in the Priceless Moments® program by 13/10/2024. You can do it conveniently online in Pekao SA online banking or the PeoPay application.
Within 30 days of registering in the Mastercard Priceless Moments® program, make at least 5 card transactions for any amount (in any stationary or online stores). For meeting these conditions, you will receive 8,000 points (PLN 100).
You will receive the code entitling you to collect 8,000 points via online banking or the mobile application by the end of the month following the date of meeting these conditions.
You need to activate it by logging into your Mastercard account . You select the My Account tab, then Promotional Codes. You enter your code and confirm. Activated points worth PLN 100 are valid for half a year. That's how much time you have to exchange them for a reward from the catalog.
You can open a savings account while applying for a personal account or via electronic or mobile banking, after concluding the agreement. Remember, however, to do it no later than 30.09.2024, so there is no point in putting it off and it is best to do it while submitting the application, selecting the savings account option.
In addition to new customers, a 7% annual savings account can be opened by current customers who had (or co-owned) a personal, savings or deposit account between 1 July 2023 and 13 June 2024. And during the given period, the monthly total of these account balances did not exceed PLN 2,000.
You can deposit or withdraw money to your savings account whenever you want and it is run for PLN 0. All withdrawals of savings from your savings account to your personal account, made using the mobile app, are free of charge. This way you avoid the PLN 7 fee for your second and subsequent withdrawals in a month.
Interesting offer? On this bank's website you can easily and quickly take advantage of this promotion!
If you have a child aged 0-17, you can increase your bonus and get an additional PLN 200 to start with for a child's account in Pekao. This is thanks to the promotion "Parents recommend an Account for Benefits to children".
Each child account has a separate bonus (2 children = 2 prizes of PLN 200, etc.)
The “Parents recommend the Przekorzystne Account for children” promotion is open to children aged 0-17.
The child must be a new customer. This condition will be met if the child did not have a personal account with Pekao from 1 January 2021 to 13 August 2024. And did not participate in previous editions of the promotions "Parents recommend Konto Przekorzystne for children", "First pocket money for an account with PeoPay KIDS" or "Extra PLN 50 for a teenager".
The easiest way to open an account for your child is online, in online or mobile banking (in the Parent Panel) or at a branch. All you need is the child's PESEL to set up an account for your child.
Products opened for a child and the conditions that must be met depend on the child's age. Details can be found on the bank's website .
For a child under 6 years of age:
By September 30, 2024, conclude a contract for the Advantageous Account and enroll your child in the promotion.
As of November 30, 2024, ensure that your child has more than PLN 200 (e.g. PLN 201) in their Benefit Account.
By September 30, 2024, conclude a contract for all products included in the PeoPay KIDS Package (Konto Przekorzystne, Mój Skarb savings account, PeoPay KIDS Mastercard card and PeoPay KIDS mobile application) and enroll your child in the promotion.
By November 30, 2024, the child must pay 3 times with a PeoPay KIDS Mastercard or BLIK and log in to the PeoPay KIDS application.
For a child aged 13-17:
By 30.09.2024, set up a contract for a Przekorzystne Account, a Mastercard Debit FX card and the PeoPay application for your child, and enroll your child in the promotion
By November 30, 2024, the child must pay 3 times with a Mastercard Debit FX card or BLIK and log in to the PeoPay application.
The prize of PLN 200 will be transferred to the child’s Benefit Account by 31/12/2024.
If you have a child aged 6-17, you can increase your bonus even more. Now you can get 8,000 welcome points (worth PLN 100) in the Priceless Moments program. All you have to do is order a Mastercard card for your child with the image "for gamers" (child aged 6-17) or "sport", "music" (child aged 13-17). And this is thanks to the campaign "Develop passions with Bank Pekao SA".
Register your Mastercard in the Priceless Moments® program by 13/10/2024. You can do it conveniently through the Pekao SA online banking system or the PeoPay application.
Within 30 days of registering in the Priceless Moments® program, make at least 5 card transactions for any amount (in any stationary or online stores). For meeting these conditions, you will receive 8,000 points (PLN 100).
The Przekorzystne account and the card issued to the child's account are free. So there's no need to worry about fees .
My Treasury Account is a savings account. The interest rate is 7% per annum for 5 months for amounts up to PLN 5,000.
The bonuses described above are guaranteed and you get them after meeting the conditions.
To sum up – this is a really great promotion, in which it is difficult to find any significant flaws. Both you and your child , after meeting the conditions , collect solid bonuses in cash – PLN 200 each, and in addition there is also a voucher worth PLN 100. The total benefits to be collected in this promotion is as much as PLN 500! In addition, high interest (7%) on the savings account. .. and remember that the benefits increase by another PLN 200 with each child and opening an account for them, or a package of services (depending on the age of the child) !
Don't wait, grab the promotion because it ends on September 30, 2024.
And now the last 10 points that will convince you that it is worth abandoning the traditional piggy bank and giving your child modern tools for managing finances!
A child who uses a bank account, payment card and savings account from an early age is better prepared to understand more complex financial products, such as investments, credits or loans. These skills will be extremely useful in adult life. The best banking applications have their virtual, child trainers who teach the child through play about the intricacies of the world of banking finances. Everything is adapted to the age and level of advancement of the child on their educational financial path.
The decision to set up a bank account, payment card and savings account for your child is an investment in their future. It is not only a way to store money safely, but above all an excellent lesson in financial management, planning and responsibility. Each of the reasons discussed shows how valuable such financial education is - from the safety of money, through learning to save, to preparation for adulthood.
Give your child a chance to start developing skills now that will pay off in the future. Money in a piggy bank is great, but it's the bank account that opens up the world of finances to your child, preparing them for the real challenges of adult life. Set up an account today and see how your child develops their financial skills!
I have been recommending on the blog for a long time the Konto Przekorzystne in Pekao SA with a package of accounts and services for children. The current promotions last until 30.09.2024, so don't delay and make your move today! Take advantage of the promotion!
Important information: This article was created in cooperation with a Partner. This means that I received compensation for the time and work devoted to the product review, which will allow me to continue developing the blog. Remember, however, that I never encourage you to buy products that you do not need. What's more, I do not derive financial benefits from the sale of this product. I received compensation only for writing its review. The rules of cooperation are such that the Partner has no influence on my opinions about a given product. My task is to "explore" this product and describe how it looks and works for my readers. The Partner cannot change my personal views and opinions, the only thing is to resign from publication. I make every effort to thoroughly review a given product. I hope that after reading this article you will feel the same way. Your trust is most important to me - so I want you to know what such cooperation looks like. That is why I inform you openly about it, and there are few such articles on the blog.