Junior with an Account, school with a smile

Most children's accounts at Bank Millennium are opened for kids aged 7 to 12. The new school year is the perfect time to start learning how to manage money responsibly.

For many families, September is a time to return to the school routine - packing lunchboxes in the morning, gathering notebooks and reorganising the daily schedule. This is also a good time to think about the first lessons of financial independence. Bank Millennium clients who wish to open an account for their children most often choose remote channels. Since mid-2023, over half of all 360° Junior Accounts have been opened online. Parents usually open them for children aged 7 to 12. A cashless generation of the youngest clients is growing up, who receive their first money not in cash, but by bank transfer - straight into their accounts. Among younger children, digital pocket money amounts to 100 PLN per month. For older children, aged 13-18, the amounts available are significantly higher - as many as 40% of them receive over 500 PLN per month.

Similar differences can be seen in the structure of expenditure. Children aged 7-12 most often spend between a dozen or so and several dozen PLN per month, mainly using payment cards and BLIK transactions. Young people aged 13-17 strongly prefer contactless payments and BLIK codes, which confirms their high level of adaptation to modern forms of payment.

The new school year is the perfect time to start teaching our children how to manage money wisely. In addition to opening a basic account for your child, you may also consider a savings account. It is a simple tool that helps children learn more about the world of finance and teaches them how to save money.

At Bank Millennium, younger and older children can take advantage of the new Your Goal Savings Account, which allows them to create interest-bearing virtual 'envelopes' and track progress of their savings in the bank's mobile application. Account maintenance and all transfers are free of charge. This allows both children and parents to quickly see the benefits of saving money on a regular basis. The account allows children to save their pocket money and other income for specific purposes, while giving parents the assurance that the funds in the account are secure and working towards their child's future.

- Every year, we observe a growing interest in bank accounts for children. The vast majority of them are now set up remotely - via online or mobile banking. This is the best proof that the process is intuitive, fast and tailored to the needs of modern parents who value convenience and effective time management. When setting up an online account, parents can immediately order a payment card, which younger children in particular enjoy using. Children have many dreams, and it is worthwhile to teach them independence in pursuing them. A savings account certainly helps children realise that it is worth saving. Children have many dreams, and it is worthwhile to teach them independence in pursuing them - emphasises Magdalena Jaskóła, Director of the Current Accounts Sub-unit at Bank Millennium.

By opening a 360° Junior Account at Bank Millennium as part of the 'Junior with an Account, School with a Smile' promotion, clients can receive a bonus in the form of a gift card worth 100 PLN or 200 PLN, depending on the age of the child.¹

More at: https://www.bankmillennium.pl/en/individuals/current-accounts/konto-360-juniorthe link opens in a new tab.

¹LEGAL NOTICE: The promotion of the 360° Junior Account, 'Junior with an Account, School with a Smile,' runs from 1 September 2025 to 31 October 2025, unless the limit of 20 000 new accounts covered by the promotion is reached earlier. As part of the promotion, you can receive a reward in the form of a goodie eCard worth 100 PLN or 200 PLN.
Parents of children up to 7 years of age are entitled to receive a goodie e-gift card worth 100 PLN, while parents of children over 7 years of age can apply for a reward of up to 200 PLN. The goodie eCard will be awarded if a 360° Junior Account is opened together with a Profit Savings Account for a minor child via the Millenet electronic banking system or mobile application by 31 October 2025.
Newly opened 360° Junior Accounts must be credited with at least 200 PLN. In addition, the parent agrees to receive commercial and marketing information, does not object to profiling, and consents to the processing of personal data by us for the purpose of providing information about products and services of companies cooperating with us. Fulfilment of the above conditions entitles you to receive the first prize. The prizes will be sent via text message with a code to activate the eCard goodie.
Parents of children aged 7-17 can receive a goodie e gift aCard worth 100 PLN if they apply for a card linked to their account when applying for a 360° Junior Account and, within 30 days of opening the account, the child makes at least 3 transactions with the debit card linked to the account, and the payments are credited to the 360° Junior Account opened as part of the promotion, and the parent activates the mobile application on the child's phone.
The prizes will be sent via text message with a code to activate a goodie Gift eCard offered by Millennium goodie sp. z o.o. Detailed terms and conditions of participation can be found in the Terms and Conditions of the 'Junior with an Account, School with a Smile' promotion, available at Bank branches and on the website http://www.bankmillennium.pl. The manner of using the eCard is specified in detail in the 'Terms and Conditions of Gift Cards for goodie Clients and in the 'Terms and Conditions of Issuing and Using goodie Gift Cards - Corporate Banking at Bank Millennium S.A.' at http://goodie.pl in the Terms and Conditions section.
Waiver of fees for maintenance of 360° Junior Account debit card issued for clients aged over 13 as well as cash withdrawals from ATMs in case of at least 1 payment with the debit card or by BLIK in the previous month. The fee for issuing a debit card to a Konto 360° Junior account for client between 7 and 13 years of age is 15 PLN.
Domestic transfers in PLN (direct debit to other domestic banks) via Millenet and the mobile app are free of charge. A cash withdrawal from an ATM in foreign currency shall be converted to PLN, which involves an additional margin stipulated in the Price List for Debit Cards. Operators of ATMs abroad may charge fees for cash withdrawals independently of the Bank and not constituting the Bank's income.
Details of the Konto 360°Junior offering as well as the list of representative services are contained in General Regulations on Provision of Banking Services to Individuals in Bank Millennium S.A. as well as in price lists relating to fees and commissions, interest rates, debit cards as well as BLIK payments, and in Documents concerning fees, available in the Bank's branches and on www.bankmillennium.pl. Explanations of the terms concerning representative services related to the Junior 360° Account payment account can be found here.
Junior 360° Account is a payment account kept for persons aged under 18. The statutory representative and the account owner after turning 14 may use the funds accumulated on the account within the monthly limit specified in General Regulations on Provision of Banking Services to Individuals in Bank Millennium S.A. Upon request of the statutory representative the Bank enables the minor aged 7-13 to use funds accumulated on the bank account with use of a debit card or mobile app to a limited extent only for the purpose of carrying out the minor's daily matters (reduced transaction limits apply).