Food waste
Grandma’s tips against food waste
Every year, 330 kilograms of food per person ends up in the bin. By following key advice from our grandparents’ times, you can avoid waste and save money, too.
Handling money
«How old does my child need to be to open an account?»
A child would like to deposit their pocket money into their own account. How old do they need to be to do this and what needs to be taken into consideration?
Question: My 13-year-old daughter wants to put her pocket money into an account. Is she allowed to open an account herself? What needs to be taken into consideration
Answer: There is no fixed legal minimum age for opening an account. Instead, what matters is that minors are «capable of judgement» in order to be able to handle their own money. Most banks (including Migros Bank) assume that a person is capable of judgement from the age of 12 and generally allow them to open an account from that age. Your daughter can then open a personal account in her own name to manage her pocket money, for example. To do this, she must, among other things, prove her identity herself online or in a branch with a valid ID card.
The relevant personal account can be managed on a credit basis: your daughter can only withdraw as much money as has been paid in. This means that there is no risk of debt. A personal account of this nature usually also includes a debit card, which your child can use to withdraw money from ATMs or pay for small purchases without cash. In addition, transactions can also be processed via the account using the payment app Twint, while your daughter can always keep track of her finances via mobile banking.
Accounts for children and young people generally have various advantages. One of them is that Migros Bank does not charge any account management fees for its Free25 personal account. The other advantage is that young account holders benefit from attractive interest rates on their savings, even up to the age of 25 in the case of the Free25 personal account. In addition, this offer comes with other perks, such as shopping discounts and other benefits.
Tipp
If you want to prepare for your child’s financial independence, you can set up a savings account under their name after the child is born. The power of disposal automatically passes to your child on their 18th birthday.
Our expert tips to answer your questions
Whether you’re interested in science, sustainability, health or saving money – our team of experts is on hand with practical tips and tricks.
Migros Bank
Should you invest the child allowance? And if so, how?
You receive money for your child each month. By investing it wisely, you’ll generate a better return for your children’s education or to help them get their career off to a flying start.
Food waste
Correct portioning by hand
Do you often cook too much and then end up with leftovers? Simply use your hands to work out portions.
Migros Bank
Do I need cash on holiday abroad?
Having cash in the local currency is always generally a good idea. We explain how much cash you’ll need to carry and which bank card you should always take on holiday.
Migros Aid Fund
More and more non-native plants in the Alps
Alien species are also spreading in the Alps. How can hikers spot these plants, and what should they do? An overview.
Recycling
Recycle rather than throw away
You can recycle old credit cards, empty nail varnish bottles, spent e-cigarettes and much more. How it works.
Sustainability
Water facts that you should know
How much water do we use daily? How many litres of water do we flush down the toilet? Seven water facts that you should know.
Sustainability
The worst composting offences
From cheese rind and chicken bones to cat litter – we explain exactly what can’t go in the compost heap.
Pillar 3a savings
Who will actually inherit my pillar 3a money?
What happens to the money you have saved in pillar 3 if you die before retirement?
Foodwaste Lettuce
How do you keep lettuce fresh for longer?
Lettuce consists of 95% water and wilts quickly. Use these tricks to keep it nice and fresh for several days.
Investment pitfalls
Eight of the biggest investment mistakes to avoid
Selling at the wrong time or losing your nerve – there are lots of things that can go wrong when investing. Here are some of the pitfalls to watch out for.
Pillar 3a
Fund or account? The best way to invest pillar 3a assets
You make regular payments into a pillar 3a account. Is it worth investing the money in a retirement fund?