Cashing a check made out to someone else

nysmile
Wed, 29 May 2013 12:13:15 +0000

He doesn’t need to be there for you to open up an account for him.

I’m surprised he doesn’t all ready have his own savings account. It’s no wonder why so many young adults are clueless to necessary real life skills.

Directed toward future parents: Open up a savings account for your child when they are young. Teach them how to save money. By the time they are 8 or 9, they should be capable of filling out a deposit slip. Let them fill it out and bring the money/slip up to the teller. Stand behind them for moral support and let them have the experience.

There is pride to be had by saving up your money, filling out the deposit slip, and personally going to the bank. I can’t be the only one who remembers doing this as a young child? Sometimes it was $5.00, sometimes a little more, but I remember feeling so grown up as a child when I did my own banking. I loved watching the savings book get stamped with the new transaction and watching the balance grow.