I would recommend not getting a checking account for your child until they are older. A good age to think about this would be around 16 or 17 years of age.
yes the account is good for all students in need of checking services. It is a free account.
A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.
Depending on where you live, you may have some community service programs to help. In Jacksonville, Fl, the city has a program called Get Checking. It is for people in your situation. You have to complete so many hours of training in personal finance and checking account maintenance. You will then receive a certificate to take to specified banks or credit unions to open a checking account. Your progress with them is monitored. Also, Compass Bank has a Second Chance checking account program...It's basic checking, but it's a good start..
a good service provided.
"Yes they do, you will receive a gift card upon opening a free checking account, amounts can start at 75.00. This makes it a good incentive to open an account with WAMU, who couldn't use an extra amount of cash as a gift."
Like a lot of decisions this one should be based on their maturity and ability to understand managing the account. I would say 15 or 16 is a good age to start if they are ready to manage the account.
A checking account is one of the basic types of bank accounts available to customers.Having a checking account is good because:You can save your surplus cash in the account for your future needsYou get an ATM/Debit card that you can use for shoppingYou get a check book that you can use to pay off people money that you owe them
because there just good like that
RBS (Royal Bank of Scotland) is a reputable bank, but its availability and services may vary depending on your location. It is always a good idea to compare different banks' offerings, fees, and interest rates before deciding where to open a savings or checking account. Additionally, consider the bank's customer service, branch network, and online/mobile banking capabilities to ensure they align with your needs.
no not really, you just don't have to be in Chex Systems
The best checking accounts have a low minimum balance and overdraft protection as well as good interest rates. Commerce bank offers pretty good checking accounts.
I have a savings account nicknamed "Family Fund" and a checking account nicknamed "Life Expenses" - KJ