![]() This means a Spending Account and a Savings Account will be opened. This account can only be opened online between the parent or legal guardian and a young adult, as part of applying for Smart Start. For more information, please read the Guide to Changes (PDF, 115KB). Please note, from 1st November we are making changes to some of our terms and conditions and updating them to make them easier to understand. Please read the summary box below and the account conditions (PDF, 345KB) before you start. Then visit the ‘Smart Start for children’ page and tap ‘Get started’ to apply. If applying through the mobile app, log onto your account and choose ‘Apply’ ‘in the bottom navigation bar and then ‘Savings and Investments’. Then visit the ‘Smart Start for children’ page and click ‘Get started’ to apply. If applying on desktop, log onto your account and click ‘Savings & Investments’ in the left-hand navigation bar. If you or the child live outside the UK, you won’t be able to open an account. are 18 or over and your child is between 11 and 15 years old. ![]() have an existing Child Saver or Young Saver for the child or their proof of identity.You can apply for Smart Start with your child if you: Help your child get into good money habits by opening Smart Start for them today. It’s easy to open Smart Start, all you need is your own eligible current account with Internet Banking set up. As well as educating them on how they can keep their money safe and secure, with information on scams, fraud and staying safe online. We’ll help your child learn about internet banking and give them tips on managing their money. They’ll get a taste of financial freedom, supported by you, with help from us. Through their own Internet Banking they can make payments in and out of their accounts and easily keep track of their spending and saving. They can save up for something special and even rename the account to help them save – to something like ‘my new pair of trainers’, and they’ll have instant access to their money. Having their own Savings Account, helps them get into the great habit of saving regularly, learning the value of setting money aside. They’ll enjoy having a Spending Account with their own contactless VISA debit card to use in shops or online, giving them the freedom to manage their own money. And for your reassurance, Smart Start has set limits on what they can spend, so they’ll never spend money they don’t have. It’s easy for you to help them manage their money, as you can keep an eye on their accounts through your own banking app and Internet Banking. With their own Spending and Savings Accounts your children can learn how to look after their own money, giving them money confidence that grows with them. Policy information will automatically download into the Smart Start management system and is displayed in your agency portal for your review.Ĭommissions will be paid to you on the 15th and 30th of each month as they are received from the carrier, you will receive a detailed commission breakdown by policy for each carrier.Good money habits for your child start here. Our underwriter will bind the policy with the carrier and the policy number will be sent to you electronically. If all information is accurate, the policy will be sent back to you to obtain approval and payment from your customer. Our underwriter will run MVR on the appropriate carrier website. Select the best company for your customer and electronically submit the quote to our dedicated underwriter for approval. Receive a real-time quote from one of our national insurance carriers. Quote your customer through your Smart Choice® Rater Powered by EZLynx. Access personal lines markets with no commitments! Smart Start has been created to help agencies start writing business today without waiting on lengthy appointment processes.
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