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Bank of America is one of them --and it has a presence near many college campuses. Since picking a checking account can be a difficult decision, we break down the student checking option from Bank of America. In this review, f ind out about the account's notable fees and features -- compare them to other checking options available.
You may have opened a savings account for your children as a way to sock away money for college or to teach them about investing. Starting a checking account early for teens is a key way to avoid pitfalls later. While many banks allow you to open a checking account starting at age 13, the best time for your teen might coincide with other milestones, such as a getting a part-time job or learning to drive.
In all of the conversations surrounding education reform, one subject continues to receive very little love: financial literacy. One way to teach is through real-world training with a debit card. It provides the convenience of a credit card without building up debt since the person who uses it draws on money already in a bank account.
Read our in-depth review of Bank of America to see why Bank of America scored 3. We like their national availability, extended customer service hours, and full service bank. Account must be opened online using the link on the offer page.
Mobile carrier message and data rates may apply. Recipients have 14 days to register to receive money or the transfer will be canceled. Dollar and frequency limits apply. Other restrictions apply.
You have a busy life and probably don't want the hassle of listening to your fussy kid pestering you for money all the time. So why not consider opening up a bank account geared specifically to your teenager? This gives them something to brag about to their friends, but also gives you some peace of mind because they're learning a very valuable life lesson— financial responsibility and how to manage money.