Privacy

Im not in UK either but I thought Uber teens was being trialed there too. ( kids of 13 would be eligible). This would allow kids to travel with family linked uber accounts and while that sounds a little iffy it lets the parents see where and when a journey is taken in real time. Some might view that as safer than a bus.

But bank accounts? I opened a prepaid visa card for my 4yo when he started cashing in the recyclable containers we collected at our house. Checking the balance on payday or before a planned purchase has been part of his financial literacy. When he turned 8 real banks deemed him old enough for a keycard and we swapped to a proper transaction/savings combo at a proper bank.