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Alpha 1|2|3 account for teens aged 15-17
Lay the foundations for their dreams
Discover the features
What’s the interest rate and how you benefit
Interest rate up to 0.25%
You get favourable interest rate of:
- 0.15% on amounts up to €750
- 0.20% on amounts from €750.01 to €7,500.
- 0.25% on amounts over €7,500
You receive your interest every 6 months.
Have a look at the deposit and loan interest rates.
Increased savings
You cannot shop, pay bills or carry out other transactions with the Alpha 1|2|3 account for teens aged 15-17. This way, you can actually watch your child’s savings growing.
Welcome gift
Your teenage child gets €15 as a welcome gift, blocked for 6 months.
Up to 45,000 Bonus points reward for saving
Earn 15,000 Bonus points for each 1 of the first 3 years of the account, provided it has an average annual balance of:
- €450 in the 1st year
- €800 in the 2nd year
- €1,200 in the 3rd year
Receive your Bonus points in 1 of your Bonus cards in your My Bonus account. Redeem your Bonus points at thousands of businesses that have joined the Bonus loyalty programme.
Reward for saving may be amended or cancelled at any time.
What it offers
€0 minimum initial deposit
Open an Alpha 1|2|3 account for teens aged 15-17 without a minimum deposit. You can make a deposit at a branch, ATM, APS or through your e-Banking.
Cash withdrawals at a cashier
You can only withdraw cash at a cashier at any Alpha Bank branch.
What it offers
Free e-statements to track your activity
If you are a joint account holder, every month, you can view an e-statement, i.e. an electronic copy of your account activity, on your e-Banking, in Greek or English. You are notified by email when a new e-statement is issued, free of charge. Through your e-Banking you can access the e-statements for the last 18 months.
Printed account statement
Every 3 months, you receive an account statement by post for your file.
What else can I offer my child?
Can I get the account?
Open the account provided you...
- Make a teenager aged 15-17 the primary account holder and you are a joint account holder, whether you’re a parent or not.
- Have booked an appointment at an Alpha Bank branch.
Have at hand...
The necessary supporting documents depending on whether you:
- Already bank with Alpha Bank and have updated your details.
- Want to start banking with us or haven’t updated your details.
Explore other options
Any questions?
Find the answers you need about the Alpha 1|2|3 account for teens aged 15-17.
When does the calculation of the average annual balance start, so that I can receive the reward?
The calculation starts on:
- 01.07 of the same year if you open the account from January to June.
- 01.01 of the following year if you open the account from July to December.
For example, if you open your account on 10.05.2025, to receive your 15,000 Bonus points for each 1 of the first 3 years of the account, you must have an average annual balance of at least:
- €450 from 01.07.2025 to 30.06.2026 for the 1st year
- €800 from 01.07.2026 to 30.06.2027 for the 2nd year
- €1,200 from 01.07.2027 to 30.06.2028 for the 3rd year
Respectively, if you opened your account on 10.09.2025, to receive your 15,000 Bonus points for each 1 of the first 3 years of the account, you must have an average annual balance of at least:
- €450 from 01.01.2025 to 31.12.2026 for the 1st year
- €800 from 01.01.2026 to 31.12.2027 for the 2nd year
- €1,200 from 01.01.2027 to 31.12.2028 for the 3rd year
What documents do I need to open an account for a child up to 17 years old?
Supporting documents for:
- Identity verification – Birth certificate or family status certificate (up to 12 years), ID card or passport (12-17 years)
- Tax number – Current status certificate for the natural person’s relationships and for the natural person’s related tax numbers (for parents or guardians), from the IAPR
- Address and phone number – Recent phone, power, water bill, etc. (in the name of a parent or guardian) or recent income tax clearance certificate (for parents, guardians or 2nd degree relatives)
- Occupation (for 15-17 years old) – Recent certificate from employer, copy of last payslip, if the child is employed
If you are a parent and the only signatory, you need to submit a solemn declaration or authorisation (certified by a Citizen Service Centre / KEP or gov.gr) from the other parent confirming they consent to the opening of the bank account.
If you are a third party, you need to submit a solemn declaration (certified by a Citizen Service Centre / KEP or gov.gr) from the parents confirming they consent to the opening of the bank account.
Where can I view my account balance?
On the dashboard, once you log in to myAlpha Web or myAlpha Mobile.
You can view the available balance on each of your accounts in the Accounts section of the Overview. If you click or tap on the account, both the available balance and the gross balance appear.
Your available balance represents the funds you can use right away. Your gross balance is the overall balance in your account at any given moment, though some of the funds may not be available, as they have already been used for a transaction.
This happens when there are credit or debit transactions that are still pending. For example, a purchase made with your debit card that has not cleared yet or an incoming payment that has yet to be credited to your account:
- In the case of the purchase, the amount you have already spent has not left your account yet. Therefore, it still appears in the gross balance, though not in the available balance, as it has already been spent.
- In the case of the incoming payment, we have received the payment details from the other bank, but have not yet received the actual amount. Therefore, the amount does appear in the gross balance, but has not yet reached your account, which means it is not yet available.