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What Age Can a Kid Have a Bank Account?

November 1, 2021

As a parent, you’re constantly teaching your kids all kinds of life lessons. For example, financial education: Kids pay attention when it comes to how you spend and save your money. And the lessons they’re learning now will influence how they handle money as they get older.

Opening a bank account for your kids might be an ideal way to teach them about money management. But it’s important to determine the right age to open your child’s bank account. You may also want to know how to set up a kid’s bank account, and what to look for in a bank if you’re planning to open a savings account for your child. Here’s how to get started.
 

Posted in: education, financial, kids, management, money, saving

Questions to Ask When Opening a Savings Account

June 21, 2021

Opening a savings account can help you take control of your finances. You can use your account to save for a large purchase or to set up an emergency fund. Emergency funds can help you weather unforeseen occurrences. The common guideline is to save up to three to six months of your common expenses to take on any challenges that come your way. As you explore where to open a savings account, consider the following questions.

Posted in: account, balance, banking, fees, minimum, money, monthly, online, saving, savings