Our kids like the perks of the our bank. Our tellers also know us by name. We’ve been banking with them for years and are in a large city. The kids have had accounts there since they were preschoolers.
We’ve easily deposited funds for college into their accounts to pay for their tuitions and expenses. Transactions for our kids’ travel abroad have been easier.
Each child has a “splitter” account where they have an account, tied to our account, but we don’t have access to their accounts.
They have other accounts on their own, but their banking is done at the home bank.