First Checking Account ? When is it Time?We all know that money doesn?t grow on trees, but we all need it to survive. The use of cash will only go so far in life, as you can?t send it through the mail. Checking accounts are relied upon to manage our finances and to send in payments for cable, phone, mortgages, etc. Even in this new era of ecommerce, it is still necessary to have the resources that a checking account provides.
When is the right time for kids to get their own checking accounts? There is a lot of debate among parents and bankers on this idea. Bankers will open a checking account for anyone who they feel is fit to have one. Parents have two sides to the story. Some parents think their kids should have one as soon as they can because it teaches them valuable lessons...Read full article.
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