Young Savers Account - Child Benifit

johnjohn3423 · 2018-09-03 12:38:31

In the terms and conditions for the Young Savers Account it says that you can only pay personal money into the account. I take it by this that Child Benifit cant be paid directly into a Young Savers Account. Is this the case?

03-09-2018 01:38PM

#1

johnjohn3423

Registered Users, Registered Users 2 Posts: 127 ✭✭

Join Date: July 2009

Posts: 88

In the terms and conditions for the Young Savers Account it says that you can only pay personal money into the account. I take it by this that Child Benifit cant be paid directly into a Young Savers Account. Is this the case?

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#2 03-09-2018 02:11PM

Bank of Ireland: Darren

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Join Date: May 2017

Posts: 976

johnjohn3423 wrote: »

In the terms and conditions for the Young Savers Account it says that you can only pay personal money into the account. I take it by this that Child Benifit cant be paid directly into a Young Savers Account. Is this the case?

Hi there,
Thanks for getting in touch with us here.
This would be correct a payment like this would have to be made into a current account. If you can however make manual lodgements into this account in a branch of Bank of Ireland if you would then like to transfer this or any other funds in to this account.

Thanks again,
Darren.

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