Bank Accounts as presents

bullets

When I was young as in before I was a teenager.
There was a craze where family members like
grandfathers/grandmother would give
you a present of 10 pounds in a bank account opened by them
in your name for your birthday.

Whatever amount of money in it was in trust
and ya could not touch it until your were either 16 or 18. And then
ya had to get the person that opened it for you to sign a form
to release the money.

I waited years to take control of a measly tenner.

Anyone remember this or have similar experiences.
~B

admiralofthefleet

yeah i was given a £10 account in tsb as a tenth birthday present in 1991. i topped it up to a massive £35 upon withdrawl in 1994 to buy mortal kombat 2 for the snes, there was 36p interest when i made that withdrawl so i wonder what the amount is now, although i would say Charlie McCreevy took care of it with the dormant account scheme. i dont know why i remember all that

Ruu_Old

I was given one in the National Irish Bank and I am remembering something about a piggy bank they gave away with the accounts.

bullets

Mine was a TSB Tenner hanging around for years only
to be transferred to my Ulster Bank Henry the Hippo account
later to be doomed to be closed for BOI and later AIB.

The Life of a ten pound note...the excitement of it all.


~B

Owen

AIB used to do a kids account, but they used to give you a really cool piggy bank that was like an ATM machine for home, it even had a card to open it. I remember feeling amazingly cool at the age of 6 getting one, and comparing it to my Dad's ATM card, when the ATM machines had a sheet of perspex that would open when you inserted your car to allow you access to the screen. I was always terrified his fingers would get trapped if he put in the wrong code and the perspex came back down again ... innocent times

Mrs. MacGyver

I got my first bank account frm my granda when i was 7 in 1986. He opened it in the AIB mobile bank that came to our village.

Wishbone Ash

It's probably very difficult to do it nowadays as one requires so much documentation to open an account.

mikemac

Ah yes, I remember the Henry the Hippo money box from Ulster Bank.

I'm sure it's harder for money laundering reasons. Otherwise you could open say 10 accounts and use the names of your nieces and nephews. Very dodgy.

It BeeMee

I remember when I was in first year, BOI came in offering 50p "free" to anyone who opened an account.

However, if you opened it with your name in Irish, you got a whole £1.

All my accounts are in Irish now.....

petes

Henry Hippo ftw.

Wishbone Ash

It BeeMee wrote:

I remember when I was in first year, BOI came in offering 50p "free" to anyone who opened an account.

However, if you opened it with your name in Irish, you got a whole £1

You should have opened accounts in both versions of your name and got £1.50!

Steve_o

I got the same thing a tenner in my account when i was 10....then every year the same uncle put another tenner in it for my birthday, by the time i was 18, with the addition of interest i had €125 or something close!!!

It BeeMee

Wishbone Ash wrote:

You should have opened accounts in both versions of your name and got £1.50!

Dammit you're right. I could've left the 50p one alone.
And with interest compounded over all those years, along with a currency changover, today it could be worth... 65c

Jesus Wept

I have €8.82 in a credit union account, it was been maturing nicely for 14 years now, I intend to withdraw it shortly and spoil myself.

Flukey

In my pre-teen years, we had savings stamps! You'd stick them in a book and then cash them in when you were going on holidays, which was when I needed money. It was not foreign holidays then, just down to Galway or Kerry or wherever. I had savings stamps before I ever had any kind of bank account. I opened my first bank account, a post office account in fact, when I was 12. Technically, you could say that I have never been broke since.

Also Starring LeVar Burton

I used to get savings bonds in the post office from my Granny. I've got over 500 euro's worth in the post office now, although have no idea how to withdraw it. Think I'll leave it there until all my other bank/credit union/building society accounts have run dry.

Bex81

I got a Henry the Hippo a/c for some birthday from my Godmother. She only put a couple of quid in it, but the amount of free stuff you got with it was amazing... folders, money boxes, pens, writing paper.... endless lists.
Tried to cash it a few years later and earned about a quids interest. Gutted