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College and University Discussion
Reply to "checking accounts? Debit cards?"
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[quote=Anonymous]We added our college student onto our credit card account, so he has a card with his name on it, but it's billed with ours and we control the spending limit. He also has a checking account with a debit card, which he uses to get cash for things he wants to pay for himself (i.e. that is his own money). Usually with savings accounts, there is a limit to the number of withdrawals that one can make in a month, so that would be something to keep in mind. Can't you open a joint checking account with your student, and then just have your name taken off once she turns 18? [/quote]
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