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Reply to "Bank account and debit card for 14 yr old"
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[quote=Anonymous]My DS (age 15) has one with Burke & Herbert. I get his paycheck, deposit part in his savings account and part in his checking/debit account. He doesn't have a lot of experience with it yet (he's only been working about 6 weeks) but has already learned some important lessons. I do NOT have his savings account linked to his checking/debit account because I do NOT want overdraft protection. If he doesn't have enough money for a transactions, I want the transaction to be rejected. He has got to learn to track his balances and be mindful of what he's buying. OTOH, my DD (age13) went to Mexico on a class trip. I opened another checking account in my name and gave her the debit card (it was her money in the account). She's done a fabulous job managing it. My point is that you have to know your kid and what lessons will need to be repeated/reinforced. :lol: [/quote]
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