2 ms·
This title has little to do with the linked-to page, which is mostly promotional advertising. I had to scroll down to find the small section - basically, bulle
by eesmith 3y ago
This title has little to do with the linked-to page, which is mostly promotional advertising.
I had to scroll down to find the small section - basically, bullet points - related to "And for our young users, start them with Savings and Money Management skills from an early age!"
It doesn't say if there's a lower age limit. It doesn't give any argument for why kids should have an account.
For example, dig even further and there's the comment "In this blog post, we explore why both saving and investing are equally important to adults and kids alike." These include "medical emergencies, car repairs, or sudden job loss" and "buying a house, traveling the world, or starting a family" - none of which are particularly relevant to a kid.
Have the "digital age" changed any of the arguments? I had my own bank account as a kid, back in the 1980s, with a paper passbook. For that matter, the bank's computer systems were all part of the "digital age". We even got to visit the computer room as part of Boy Scouts.