We asked a group of people what they thought of the best banks, credit cards and financial services companies to buy and use with their children.
They were chosen by experts at the Financial Services Forum.
1: Best financial services for millennials We asked: What’s your favourite bank?
2: Best credit card company for the whole family We asked the same questions again, this time asking who is your favourite company to use with your kids.
1.
Royal Bank of Scotland: This is a brand for the ages.
You can’t go wrong with a card with a low interest rate, which means you’ll never have to pay off a high-interest loan again.
The company has a reputation for being reliable and has been named the UK’s best bank for people under 35, in part because of the high level of staff.
It has a range of products and services, including savings accounts and money transfers.
The card comes with a free phone call from a credit counsellor and a £10 statement credit.
2.
HSBC: The best money-transfer service in the UK.
This is the bank that you’d use to transfer money between banks, and the only bank in the world that offers a money-to-bank service.
It also offers a low rate card, so you won’t have to worry about paying off high-yield loans.
You’ll be able to transfer £10,000 or more in less than 24 hours with this service, and you can transfer £50,000 in under two weeks.
It’s the UK banks biggest money-transmitter.
The HSBC money-for-youth card has a £5,000 minimum balance and is available to anyone aged between 14 and 25, but you’ll need to prove you have a child.
You also need to show a £1,000 deposit, £1.5m overdraft or £2,000 balance.
If you have to transfer more than £5m, the £10 annual fee can be waived.
3.
VISA: The UK’s second-biggest money-laundering provider, and it’s been ranked as one of the UKs top four money-service providers.
You won’t be able in your everyday life to use a card that doesn’t charge interest.
This card offers a range to suit all budgets.
You have to show proof of income and a minimum balance of £1m, but there’s a £20 annual fee.
This gives you the ability to transfer up to £1bn with no overdraft fees.
4.
Barclays: This financial services provider has a low balance requirement, so it’s a great choice for anyone who wants to pay their bills off quickly.
The credit card comes in a range, with £10 monthly charges, so there’s no need to worry if your balance is high.
It can also be used to transfer your money from other banks to Barclays.
This service is good for people who have overdrawn or have a high credit-card balance, as well as people who don’t like paying off their debts.
The £5 monthly fee is waived on debit card payments and payments from a third party.
5.
Santander: This payment card company is known for its low-fee products and its service that helps customers with low balances.
The cards offer a range that suits different budgets, and they are great for students and small businesses.
The Santander card offers £10 daily fees, so if you’re in debt, it’s good for you.
However, if you don’t have a student loan to pay, this card can be good for a low-interest rate.
6.
Mastercard: This card is a great card for families with kids, and is great for people with lower credit-cards balances.
This means you can use it to transfer payments from other companies, and for people on a budget.
The interest-free card is available on debit, credit and prepaid cards, and can be used with any bank. It costs £10 a month, so people with low-income families shouldn’t have any trouble with this.
7.
Lloyds Banking Group: The Lloyd card is also great for families.
It offers a credit card that is low-cost, but it’s also good for families on a low budget.
Lloys card is good with most UK banks, so the low-rate card can help with paying off debts.
8.
Standard Chartered: This British bank has a lot of good products for people.
It gives you a range for people to choose from, and offers a lot more than you’d think.
This can mean a big difference if you need to pay your bills quickly or you’re planning a holiday.
The bank has some great deals on products, and this is one of them.
This low-rated card is great if you want to make a small payment or to transfer a large amount of money.
You only need to