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banking app on 12 year old's phone?
Comments
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I'll look into it. But only just got the HSBC account up and running... Needed to go to a branch (when open - which is only Saturday morning for those with jobs) with 500 types of ID, so it took a while.Rob5342 said:Have you looked at switching them to a Starling Kite account instead? That would let you monitor their spending and set daily spending limits which would give some protection.
Plus, child is very sensible and doesn't want to spend anything and those kids accounts always have a fee. And the HSBC account has an automatic savings account attached with a not bad 4.25% rate up to 3k.0 -
And even better, the rate for balances below 3k is increasing to 5% in the next few days (Maybe 8th or 9th, cannot remember)wallofbeans said:
I'll look into it. But only just got the HSBC account up and running... Needed to go to a branch (when open - which is only Saturday morning for those with jobs) with 500 types of ID, so it took a while.Rob5342 said:Have you looked at switching them to a Starling Kite account instead? That would let you monitor their spending and set daily spending limits which would give some protection.
Plus, child is very sensible and doesn't want to spend anything and those kids accounts always have a fee. And the HSBC account has an automatic savings account attached with a not bad 4.25% rate up to 3k.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0
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