Kids might like a piggy bank, but these banks don’t pay interest or send out monthly statements.
If you move your child’s money to a bank account, they learn valuable lessons about money management.
Experts suggest six years old as the proper age to start an account.
Over at Forbes they’ve got some tips on setting up a youngster’s bank account.
They can already start to embrace routine and habits at this point.
We save part of our money, that’s a habit too."
Especially if your bank requires them to keep a minimum amount to avoid fees.
Check out the link for other tips for opening up a bank account for a minor.
Au Revoir, Piggybank: Tips For Your Child’s First Bank Account| Forbes
Photo byCarissa Rogers.
