Cashing a check made out to someone else

artloversplus
Wed, 29 May 2013 13:12:57 +0000

A local bank encourages kids to save money, the bank will allow kiddie savings account for any balance without a fee, the kids can open an account for any age, perhaps starting at 5 years? My DD had that account when she was 7 years old, she saved every penny for gifts from parents and grand parents. She had over 40K in the account at the time she entered college. OTOH, we were penalized for her FA in the college because of the large balance.