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It will depend on your bank's policy (local or int'l). Some banks would not cost you to open up a kids savings account, some may do. Some also allows you to open one as an add-on benefit to your main savings account.
There's a resource link of a sample kids savings account below courtesy of Heritage Bank based in Queensland Australia.
What else can I help you with?
Can I set up a savings account online?
Yes, you can set up a savings account online through most banks and financial institutions.
How can you wisely contribute to your savings account?
The easiest way to contribute to your savings account is to have an automatic transfer set up depositing funds from your checking account to your savings account weekly or monthly. Also you can determine a percentage that you faithfully set aside out of every paycheck.
How old do you have to be to set up a savings account online?
To set up a savings account without a parent it is typically preferred that one be 18 or over to do so online. Many banks, however, prefer their cliants to set up an account in person.
How does one set up an offshore savings account?
You can set up an offshore savings account by getting a reference from your current bank. You also need to be able to answer questions about how you are going to use the money and why you want an offshore account.
How does a person go about setting up a savings account?
To set up a savings account a person needs to decide what bank they want to have the account set up at. Once the person knows which bank they want to use they must then go to that bank.
How do you set up a health savings account?
A Health Savings Account, or HSA can be set up by contacting the HSA department of your banking instituion or by visiting their HSA website. Applications can be printed to return, and in some cases, can be filled out online.
How can a person set up an online savings account?
Many banks have tools on their websites to assist a person with setting up an online savings account. It is necessary to have an account already established with the bank in question, however.
How can I set up direct deposit to my checking or savings account?
To set up direct deposit to your checking or savings account, you will need to provide your employer or the entity making the deposit with your account number, routing number, and the type of account (checking or savings). You may need to fill out a direct deposit authorization form provided by your employer or the depositing entity. Once the information is submitted, direct deposits can be set up and funds will be automatically deposited into your account on a regular basis.
What information is needed for a Bank of America customer to set up direct deposits into their checking or savings account?
To set up direct deposits into your checking or savings account with Bank of America, you will need your Bank of America account number, the routing numbers for the branch you use, and your employer's address.
When and how should I set up my child's college savings account?
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
What does ING Orange specialize in?
Ing Orange specializes in business savings account in just as many ways as the original Orange savings account does. The major difference in the Ing Orange account is that they allow the business to open the account and set up for employee access.
Can a bank set off credit in savings bank account to recover a time barred debt owed by the account holder?
i think they can
