02-10-2010, 12:46 PM
Bob,
Yeah, the fees are something else. One of my 6th grade students reported that her older sister used her debit card to buy a dollar's worth of french fries, which eventually cost $26 with a $25 overdraft fee. (The prepaid credit/debit cards are absolutely absurd with the fees as far as I have seen online--and don't have to disclose them--yikes!)
dinragent,
That sounds like a good story from a banking institution! Any problems occur?
Carol,
FHB won't open a checking account for a minor whatsoever, even with a parent co-sign. Not sure about other banks. I have also heard that CUHawaii will issue minors debit cards--unsure of the details.
We will likely use Paul's idea, which will prevent her from using it anywhere other than an ATM. Except online, I guess.
Thanks again,
Kirt
Yeah, the fees are something else. One of my 6th grade students reported that her older sister used her debit card to buy a dollar's worth of french fries, which eventually cost $26 with a $25 overdraft fee. (The prepaid credit/debit cards are absolutely absurd with the fees as far as I have seen online--and don't have to disclose them--yikes!)
dinragent,
That sounds like a good story from a banking institution! Any problems occur?
Carol,
FHB won't open a checking account for a minor whatsoever, even with a parent co-sign. Not sure about other banks. I have also heard that CUHawaii will issue minors debit cards--unsure of the details.
We will likely use Paul's idea, which will prevent her from using it anywhere other than an ATM. Except online, I guess.
Thanks again,
Kirt