Should children be introduced to banking?
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Host: Should children be introduced to banking? Rene Hackney: It's a nice idea to introduce banking to children as well. If they haven't already by age nine, taking them to the bank and setting up a separate savings account, that maybe where you start to get into saving for a car or saving for college because they are now nine or ten years old and you are giving them that management. In their teen years, many children can manage a checking book, a checking account, where they keep track of the money they put in, in the checks that they write or an ATM cards or they are able to, or even a prepaid ATM type card, where they are able to use and manage a certain amount of money. Children tend to ready for that though if parents have started early at three, four and five years old with managing the smaller expenses.