If your child has a KidsFuture savings account:
We’ll close your child’s account in the first half of January following the year when your child turns 18. Until then, your child will be able to access the savings as normal. We’ll transfer the savings, including the basic and bonus interest, to another ABN AMRO savings account in your child’s name in January. If your child doesn’t have any other ABN AMRO savings account, we’ll open one for them. We’ll of course notify you of this in good time. When the time comes, we’ll send you a letter about this with more information.
Please note: in order to earn bonus interest for the year when your child turns 18, the savings have to be in the savings account up to and including 30 December of that year.
If your child has a KinderBonus savings account:
We’ll close your child’s KidsBonus savings account in the first week of the month following your child’s 18th birthday. When we close the account, we’ll transfer the savings and the interest to another ABN AMRO savings account in your child’s name within three working days. When we do this, the balance will temporarily not be visible. If your child doesn’t have another savings account at that point, we will open one. We’ll of course notify you of this in good time.
Please note: we’ll calculate the last bonus interest based on the savings balance on the last day of the month in which your child turns 18. In order to receive the final 5% bonus interest, the savings must be in the savings account up to and including the last day of the month when your child turns 18.
Example:
Your child turns 18 on 9 January. We’ll transfer the money in the first week of February. Please note: your child will only receive this last bonus interest if the savings remain in the account until the end of the month in which they turn 18.
