Originally Posted by
robcheshire
UK banks issue debit cards to kids from 11 years old.
I appreciate that my two teens are not representative of society as a whole, but they regard cash as rather quaint and old-fashioned, and both prefer to live in a 100% digital World.
Originally Posted by
Low Roller
It's very common in Canada for young children to have debit cards. If they're old enough to pay at a restaurant, they probably have a card. Even Monopoly now has an electronic banking version since playing with paper money seems so last century!
I'm not sure how it works in the U.S. I know most kids, including my 3 nieces are likely to have savings accounts but not checking accounts. Since 18 is the legal adult age here, banking and financial products tend to kick in at that age. Again, no real first hand knowledge, but I think someone under 18 could get a stored value card, and probably a debit card with a checking account, but not a credit card (maybe with a co-signer?).
I think, in any case, most people would agree it's not all that common.
Anyway, that's all I was saying with my original post before I was questioned on it.
