BACK
Alpha 1|2|3 account for children up to 14
Provide for their future
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 €500
- 0.20% on amounts from €500.01 to €5,000.
- 0.25% on amounts over €5,000
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 children up to 14. This way, you can actually watch your child’s savings growing.
Welcome gift
Once you’ve opened the account, the child will receive a book on saving as a welcome gift.
How it makes banking easier
€0 minimum initial deposit
Open an Alpha 1|2|3 account for children up to 14 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.
Can I get the account?
Open the account provided you...
- Make a child up to 14 years old 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 children up to 14.
How can I open a new account with Alpha Bank?
If you don’t bank with us, you can open your first account with Alpha Bank through your mobile phone.
If you do bank with us, you can open an account through myAlpha Web:
- Alpha Smart Save savings account.
- Alpha online term deposit and Alpha online term deposit with Bonus.
- Alpha Payroll Account and Alpha Payroll Account for your pension.
- Alpha Premier Account.
For any other type of account, book an appointment at a branch near you.
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.