My DD#3 (the car shopper) is opening a checking account, but she is only 17. And apparently there is no such thing as a student checking account, at least not like there used to be. She can't open any kind of account on her own until she is 18, I have to open the account and put her on as a co-signer. It seems that if a minor goofs around and costs the bank a bunch of money for NSF or other charges, they have no way to legally collect from a minor. (heavy sigh) What happened to the part where the parents lifted your loafers if you did something stupid with your bank account, or anything else? Well, at least she can get a good deal, every bank in town (that's 3) has totally free checking now. She also has a small savings account, but if you access it more than 5 or 6 times a month, then you pay a fee. Her employer is going to direct deposit only for their payroll, saves them money I'm sure. More paperwork for me tho.
No More Student Checking????
September 3rd, 2009 at 12:12 pm