Youth bank · LHV

LHV Youth Bank

The goal of LHV Youth Bank is to constantly develop the best services and products in cooperation with young people. We will not tell you in advance what to do but instead will let you make your own decisions, giving you the necessary knowledge to do so. We are here to support you in your education, encourage you to invest and embolden you to be entrepreneurial and courageous.

Free payments
Youth card without service fees for 6-25-year-olds
Activity programme Score a Hundred
Investing with every card payment
Convenient mobile app
Student loan for studying both in Estonia and abroad
Virtual ISIC

If you are at least 18 years old, you can open an account yourself

Open an account

If you are a parent, open a child account for your child under the age of 18

Read about Child Account

The Youth Card is all-powerful

A bank card without service fees

Without excessive service fees in Estonia, abroad and online. Order a Youth Card made of recycled plastic if you are 6-25 years of age and decide on your finances yourself.

Purchase insurance

You just dropped the phone you bought and the screen broke? No problem if you used the Youth Card when paying for the purchase. The purchase insurance that automatically accompanies the card protects durable goods with a purchase price between EUR 100 and EUR 5000 for 180 days after the purchase.

Discounts

Deals with which you are really saving! Active discounts for the Youth Card can be found on LHV’s mobile app and on the web.

Activity programme Score a Hundred

By making 15 or more payments with your Youth Card per month, you are eligible to win EUR 100 for your LHV bank account and an additional EUR 100 for your Growth Account if you have activated the micro-investing service.

Invest with every card payment

Start investing today with small amounts! With micro-investing, you will grow your investment portfolio by up to EUR 1 with each card payment to your Growth Account.

Donate with each card payment

With our micro-donation function, you can donate as little as 1 cent on a card payment. Keep in mind that every penny counts and that every little bit helps to reach a bigger goal. Why not do it together?

Green LHV

We know that when you are young, you care for nature and have a high regard for sustainability. Know that LHV bank cards are produced from recycled plastic and can also be ordered virtually. We save paper and by default do not send you an envelope with a PIN code, because you can conveniently see your PIN yourself in the LHV Internet Bank and mobile app. We are changing the world bit by bit.

Order a card

Virtual ISIC Student Card

A free student card that helps the environment and doesn’t get lost! Order a virtual ISIC student ID card in the LHV app, prove your student status and take advantage of thousands of international discounts.

Ordering

Open the cards view in the mobile app, and select “ISIC virtual card”
Add the school name and a photograph of yourself to the application
Agree to the terms and conditions and the processing of data by the Federation of Estonian Student Unions
You can find the issued virtual student card on the “Cards” view

Join the ISIC card newsletter

Who can order the virtual ISIC Student card?

You can order a virtual ISIC Student card in app if:

you are a customer of LHV
you are at least 16 years old
you are currently studying in a university or an institute of professional higher education in Estonia, regardless of the level of engagement (full-time or part-time) or form of study (daytime learning, distance learning, cycle learning, etc.). You can also apply for the card if you are on an academic leave.

You cannot apply for the ISIC card, if you are an extern, intern, a resident, or student of the Open University, unless you are a student of the University of Tartu Open University.

Terms, conditions and price list

Issue and renewal

Free of charge until 30.09.2023

Monthly fee

No fee

Validity

Virtual ISIC Student cards ordered between January 1 and July 31 will remain valid until the end of the calendar year.

Virtual ISIC Student cards ordered between August 1 and December 31 will remain valid until the end of the next calendar year.

Conditions for application and use
Federation of Estonian Student Unions’ conditions for processing personal data

Invest in the future

Your biggest advantage as a young person in the world of investing is time. Make time work for you and take your first steps today. We fully support you in financial matters and share wisdom on how to be the boss of your euros.

Growth Account

The LHV Growth Account is the easiest way to invest for the long term, whereas we perform securities transactions on your behalf. Start investing in funds or individual shares with as little as EUR 1. Enjoy investing in the Growth Account without a management fee until the age of 26.

Micro-investing

Micro-investing enables you to imperceptibly grow your investment portfolio, investing up to EUR 1 in your growth account with each debit card payment.

Pension

The simplest investment in your future. Use your superpowers and choose a pension fund with a suitable rate of return.

Student Loan

The most important investment you can make is educating yourself. An LHV Student Loan will help you cover your study-related expenses, from living costs to tuition fees, both in Estonia and abroad.

Pay with the Youth Card and score a hundred

We fully support future doers with the Youth Bank, and every month we hold a draw and deposit EUR 100 of pocket money in the bank account of one young person and EUR 100 of investment money in their Growth Account. Because we want to give young people a boost and... why not.

Campaign rules

Pocket money winner in September is
Karl Heinrich Tamm

Make at least 15 payments per month with the Youth Card.
Win EUR 100 to your LHV bank account.
Win an additional EUR 100 for your Growth Account if you have activated micro-investing**.

Terms and Conditions and Price List

Monthly fee	No fee
Renewal, closing	Free of charge
Replacement	5 € Replacement to a virtual card is free of charge
Cash withdrawals	From LHV’s ATMs: free of charge (+ 0.3% of any amount in excess of 2,000 € per month) ATMs of other banks: from the current account in Estonia, the United Kingdom and a contracting party to the EEA Agreement € 1¹ (+ 0.3% of any amount in excess of 2,000 € per month) and, elsewhere abroad 2 € + 2.5% of the amount
Cash deposits	Free of charge at LHV ATMs
Conversion fee for transactions in foreign currencies	1% of transaction amount Currency Conversion calculator for MasterCard transactions
Information request from an ATM	Free of charge from LHV ATMs From the ATMs of other Estonian banks 0.20 €

¹ The EEA includes 27 EU Member States and 3 EFTA States: Iceland, Norway and Liechtenstein.
Purchase Insurance is offered by LHV Kindlustus. The policyholder is LHV Pank AS. Review the terms and conditions of insurance, along with the limitations and exemptions, and ask for advice from our specialist.

What does purchase insurance cover?

The purchase insurance included with the Youth Card provides 180 days of protection for durable goods that you have paid for with a Youth Card.
The insurance protects in various cases where an item has been broken, destroyed or stolen. For more information, please read the terms and conditions of insurance.
Purchase insurance is provided by LHV Kindlustus.

Insurance coverage
Validity 180 days
Deductible 30 euros

Sums insured

The sum insured is the purchase price of the insured object, in the extent to which LHV indemnifies the damage caused due to an insured event.

Minimum purchase price 100 euros
Maximum purchase price 5,000 euros

Limit of indemnity
You will receive 500 euros per insured event if the damage has occurred

to a smart device, mobile phone, tablet or laptop
photo or video camera
fur item
eyeglasses and sunglasses
painting, graphic work or sculpture

In other cases, the indemnity limit is 5,000 euros per insured event
Up to 10,000 euros per year

What should I do in the case of a loss event?

Notify us of the loss event as soon as possible and follow the instructions of the LHV claims handling specialist.
In case of a loss event, submit a purchase insurance claim.

Documents you need to fill in the purchase insurance claim:

item purchase receipt and card payment receipt (card payment statement from internet bank also acceptable as the latter)
in the case of burglary or robbery, the police report as well

Customer support
tel +372 699 9111 (Mon – Fri 9–17)
kindlustus@lhv.ee

Claims adjustment
phone +372 680 1122 (24 hours a day)
kahjud@lhv.ee

Campaign Terms and Conditions

I Participation

The “Sajaga edasi” (“Full on with a hundred”) campaign (hereinafter the campaign) is organised by AS LHV Pank (hereinafter the organiser), located at Tartu mnt 2, Tallinn, registry code: 10539549, telephone: 6 800 400, e-mail: info@lhv.ee.
The campaign will be held between 01.01–31.12.2023.
All LHV Youth Card users who are up to 25 years old and have made at least 15 card payments with the LHV Youth Card during the calendar month preceding the prize draw day may participate in the campaign.
No registration is required in order to participate in the campaign, but the participant must accept the terms and conditions, including giving consent to the disclosure of his or her name on the lhv.ee website, LHV’s online magazine Investeeri, as well as in the e-mail and social media channels of LHV’s client communication, if he or she proves to be the winner.
Employees of AS LHV Pank and its group companies LHV Group, LHV Varahaldus, LHV Kindlustus and LHV Finance and their family members shall not be eligible to participate in the campaign.
The prize draw is carried out on 12 occasions. The same person may prove to be the winner on multiple occasions.

II Prize

The campaign prize is 100 euros, and is transferred by the organiser to the winner’s current account in LHV Bank.
If the winner has activated the micro-investment option, he or she will gain an additional prize of 100 euros, which will be transferred by the organiser to his or her Growth Account. If the winner is a minor who has activated the micro-investment option, the additional prize of 100 euros will be transferred to the parent’s current account in LHV Bank.
The bank shall not issue the prize in cash.
The organiser shall raffle the prizes from 5 January 2023 (included) onwards, on the 5th day of the month or the following banking day, in the presence of LHV Bank’s compliance officer.
The organiser shall inspect compliance with the campaign terms and conditions, and notify the winner within three working days after the monthly prize draw.
The campaign participant shall be responsible for the correctness of the e-mail address and telephone number submitted to the organiser in his or her customer data. The prize shall be paid out within three banking days after the winner has been contacted.
Any taxes on the disbursement of the prize shall be borne by the organiser.

III Other

The campaign participant shall adhere to the rules established and decisions made by the organiser with regard to the campaign.
In the event of force majeure circumstances, the organiser shall have the right to suspend the campaign without any advance notification or consequences. The organiser shall notify participants of such a suspension via the lhv.ee website or other channel.
The organiser shall have the right to make any decisions regarding the campaign without giving any advance notification thereof.
Any complaints with regard to the campaign shall be submitted to the organiser’s postal address at Tartu mnt 2, Tallinn 10145.
Additional information on the campaign is available by phoning 6 800 400, e-mailing info@lhv.ee and on lhv.ee/noor.