kids opened a bank account today

[DaniB]

My DD11 and DS6 opened their first bank account today. I wanted one close by so we can walk to it once a week (to deposit 1/2 their allowance).
We ended up choosing Bank of Montreal.

They had a March Break special going on. The kids got to do a "dime grab" and came home with a plastic see-through piggy bank with a $1 in it.
The "dime grab" was a fish bowl filled halfway with dimes. Each child was allowed to plunge a hand in and pick up as many dimes as they could.

Now I'm not as smart as the kids. I would have closed my fingers around the dimes and tried to hold on to them. My kids however, turned their hand sideways, open, and "scooped" up the dimes!

My DD11 ended up with $12.20, and my DS6 pulled out $16.80! And his hand is smaller! This money was added to their bank account immedately.

In addition, BMO will deposit $25 to each account after they have held the account open for 2 months. Pretty cool.

So in 2 months time, my son ends up with $41.80 and my daughter $37.20 from BMO.

 

[JB2K]

So in 2 months time, my son ends up with $41.80 and my daughter $37.20 from BMO.

Very nice!

For those who don't know, BMO is the parent bank of Harris Bank, which operates in Chicago and surrounding areas (they also recently purchased M&I Bank, which is all over the midwest, and other locations).

Unfortunately, due to the restrictions being placed on the nation's banks, we may not get to see something like this on this side of the border.

 

[ceecee]

Our credit union has super savers accts for kids and they get 5% interest on the first $500 in deposits. DD is getting to the age where there is always something she "needs" so we haven't been putting much in lately.