What is the minimum I have to invest in the children's account?
At quirion, you can set up a savings plan for your child starting from a monthly contribution of 25 €. There is no minimum investment. In addition, you can of course make top-ups flexibly whenever you like.
- Children’s savings plan
More questions on Children’s savings plan
Can the children's account also be combined with sustainability?
Yes, with the children's account you have various options when it comes to the composition of your portfolio. For the children's account, you can use either the global investment strategy or the sustainable portfolio.
Who has to verify their identity for the children's account and who has access to the account?
To open the children's account, you must verify the identity of the child's legal guardians and submit a copy of the child's birth certificate. Once the securities account has been opened, the legal guardians have access to the account. As soon as the child reaches the age of majority, we will contact you so that your child can verify their identity and gain access to the securities account once they come of age.
Who is the wealth management contract concluded with for the children's account?
When opening a children's savings plan or children's account, the child's legal representatives, usually the parents, conclude a wealth management contract with quirion as well as an account and custody agreement with Quirin Privatbank on behalf of the child. The contracting party is thus the child itself.
Can grandparents open a children's account?
A children's account can only be opened by all persons with legal custody. If they do not have legal custody, grandparents are welcome to pay into the children's account via a standing order. The grandparents receive the IBAN from the custodial parents.
Who can open a children's account?
Only legal guardians can open a children's account. The assets are the property of the child, but the child cannot dispose of them until coming of age. The legal guardians can dispose of them.
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