02-10-2010, 07:57 AM
Thanks for the replies. I am aware of the workarounds, just wondering if there any local banks that actually issued a debit card in a minors name.
I didn't realize that people can "overdraft" a debit card. I thought that when you ran out of funds it would say "insufficient funds" or something like at an ATM. Apparently, when using a debit card at a store it may overdraft, incurring penalty fees...
So...starting a separate account and giving my daughter my card would be the best option, since she couldn't use it at a store anyway.
Again, thanks for the responses!
Cheers,
Kirt
I didn't realize that people can "overdraft" a debit card. I thought that when you ran out of funds it would say "insufficient funds" or something like at an ATM. Apparently, when using a debit card at a store it may overdraft, incurring penalty fees...
So...starting a separate account and giving my daughter my card would be the best option, since she couldn't use it at a store anyway.
Again, thanks for the responses!
Cheers,
Kirt