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Tweens and Teens
Reply to "Bank account and debit card for 14 yr old"
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[quote=Anonymous]My parents helped me open a minor checking account with ATM card when I was 14. I think most banks offer something like this, with a lower minimum balance than adult accounts. My parents provided the minimum balance, which I just pretended didn't exist. How nice it would have been if there had been Visa debit cards back then! Instead I had the joy of writing checks and using my passport as ID (too young to drive!). Teach him how to balance his account. Using cash rather than debit card for incidentals is probably wise, unless he wants to track his balance daily.[/quote]
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