"MyFirst bank"
for children and teenagers
- Teach your child to manage their money with My Fibank
Opportunities
One app for children and parents
Advantages
Opening an account and card completely online
Fees
No fee for opening and servicing an account
Conveniences
Manage your finances via phone
Mobile banking with the “MyFirst bank” program for children and teenagers
The MyFirst bank program, exclusively developed for children and teenagers, combines in one - a current account, a debit card and mobile banking for children, full of useful functionalities.
Download My Fibank mobile application: 
With the new service for children and teenagers in My Fibank App, managing personal finances becomes easy and secure. The application is tailored to different age groups and allows children to develop useful financial habits from an early age, while providing parents with peace of mind and control.
The current account and the child/teen profile are opened by the parent entirely online through My Fibank mobile application, Services section, Children's profile.
The account can be opened in the name of:
- Parent – a physical debit card is issued to a child from 7 to 14 years of age on the account; The child easily manages their finances and has the opportunity to receive money for well-done tasks. Until 31.07.2026, you can order the card to an address in Bulgaria with free delivery.
- Teenager – from 14 to 18 years of age. You choose between a virtual or physical debit card, which can be digitized in Apple and Google Pay for even easier and more convenient everyday payments:
With the account in his own name, the child can easily receive his scholarships and other transfers. Your child can also have up to 5 Smart Teen Savings Accounts, which encourage good financial habits from an early age.
Benefits for parents:
- Create an account in your name or in the name of your teenager entirely online in the My Fibank mobile application in a few minutes
- See all transactions in real time and manage your child/teenager's card
- Send amounts instantly
- Create challenges and tasks for which you can reward your child with cash
- You can add up to 5 child profiles
- All new customers who are parents and open an account in their name through the My Fibank mobile application receive a Digital Light package free of charge for 3 months with a variety of digital services included. This way, you can safely try the service and see for yourself the convenience of mobile banking.
Children from 7 to 14 years of age have the opportunity to:
- Use a physical debit card
- Track the balance on their card
- See the transactions they have made
- Manage their card – freeze/unfreeze
- Send a request to a parent to request money (Money request)
- Accept and decline challenges and tasks through which they can receive money from their parent
Teenagers from 14 to 18 years old with their own account have the opportunity to:
- Save easily and without fees, through savings accounts in the application. They can open up to 5 "Smart teen" savings accounts with 1% annual interest;
- Use a virtual or physical card that can be digitized in Google and Apple Pay for easier and more secure everyday shopping;
- Receive their scholarships and other transfers in person
- Track balance on their card
- See account activity and other transactions
- Manage their card – freeze/unfreeze
- Send a request to a parent to request money (Money request)
- Accept and decline challenges and tasks through which they can receive money from a parent
Teenagers from 14 to 18 years old with an account in the name of a parent will be able to:
- Use a virtual or physical card that can be digitized in Google and Apple Pay for easier and more secure everyday shopping
- Track balance on their card
- See account activity and other transactions
- Manage their card – freeze/unfreeze
- Send a request to a parent to request money (Money request)
- Accept and decline challenges through which they can receive money from a parent
Debit card designs:
Visa Debit Kids | Debit Mastercard Kids |
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Visa Debit Teen | Debit Mastercard Teen |
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- General terms and conditions for opening and maintenance of bank accounts and provision of payment services pdf 410.87 KB
- Glossary of the terms used in the General Terms and Conditions for opening and maintenance of bank accounts and provision of payment services of First Investment Bank AD pdf 214.19 KB
Frequently asked questions
What do you need to open a child/teen account?
- You need to have an account with the bank, as well as a profile in the My Fibank app with active banking rights. To register the child, you will need their birth certificate and ID card (if they are over 14 years old). You must be the child's legal representative or parent.
Is the opening completely online?
- Yes, an account is opened completely online, only a physical card for teenagers can be obtained only at a bank office. It is mandatory to visit the office in the presence of a parent and child.
Is it free of charge?
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Yes, until the child reaches the age of majority there is no fee for servicing an account/card, no fee for ATM withdrawals and transfers between own accounts.
Can a child open an account without a parent?
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No, a parent first opens an account for the child through their personal My Fibank app and then activates it on the child's device.