How to get a £15 Voucher for Opening a Santander Account for Your Teen

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If you’ve got a teenager aged 13–17, now’s a great time to set them up with their own bank account — and grab a little bonus while you’re at it.

Until next week only, new customers who open a Santander 123 Mini Account here will receive a £15 Love2Shop voucher.

How the voucher works:

• The voucher will be sent out from 8 November.

• You’ll need to claim it within 30 days of receiving the email.

• Love2Shop vouchers can be used both in-store and online at big-name retailers such as Waterstones, Argos, Boots, Foot Locker, New Look, and many more.

Is the Santander 123 Mini Account any good?

Yes! In fact, it’s one of the top kids’ bank accounts on the market. While the freebie is a nice perk, this account stands on its own as a solid way to help teenagers learn money management.

Here’s what makes it useful:

• Real banking features – Teens get access to a contactless debit card (or an ATM-only cash card if you prefer).

• Teaches independence – Great for helping kids manage pocket money, part-time job earnings, and budgeting.

• Interest on savings – The account pays:

  • 3% on balances between £1,500–£2,000

  • 2% on £1,000–£1,500

  • 1% on anything under £1,000

Be aware: once savings go above £2,000, that portion earns no interest, so it’s best to move extra cash into a separate savings account.

Should you grab the account just for the voucher?

There’s no real downside. Even if you’re just in it for the £15 Love2Shop freebie, the Santander 123 Mini Account is still a strong option for young savers and spenders. It combines a good introduction to banking with a little bonus for signing up — a win-win.

For more Free Money offers like this, click here!