My 12 year old has asked for his pocket money to go into PayPal or a bank account so he can use it to buy things online. I see PayPal's not for under 18s, but kids can have bank accounts, can't they?
I think his idea makes sense as he's obsessed with Games Workshop stuff and wants to use it to buy figures to paint, which are pricey so he needs to save up for them. I'm hoping it will help him learn to budget and be responsible for his own money.
Can anyone recommend a bank account that would allow him to do this? Can 12 year old get a card they can use online? I had a bank account at 13, but this was long before the Internet!
What do I need to think about in terms of safety online? Is this actually a terrible idea for some reason?!
Thanks
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Which bank account for 12 year old?
44 replies
fastwigglylines · 09/01/2021 12:38
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