Moving your child from an Under 18s account to a personal account

When your child turns 18, they can keep using their Under 18s account for up to a year. There’s currently no automatic upgrade to an adult account in Spain, so if they want to keep banking with Monzo, they’ll need to open their own personal account.

We'll remind you and your child 90 days before the account is due to close. If they haven't opened a personal account by their 19th birthday, we'll close the Under 18s account and return any remaining money to you.

Signing up usually takes less than 10 minutes once they have the app.

We accept:

Their personal account must have its own email address. If you added an email to their Under 18s account, they'll need to use a different one when they sign up, or you can update or remove the email first.

To change their email:

Their balance won't move automatically. You'll need to transfer the money from their Under 18s account to their new personal account.

Remind them to set up any recurring card payments again on their new account.

Moving money to your child's new personal account could count as a gift under Spanish tax law (Impuesto sobre Sucesiones y Donaciones), so tax may be due. If you're unsure, speak to a tax adviser.

If you need any more help, contact us in the app.