At what age did you open a bank account for your kids?
We already contribute to an RESP and have used up all the available contribution room, so now I'm wondering if opening a regular bank account for my kids is worth it. They're 9 and 6.
I like the idea of them having a place to save birthday or holiday money and getting familiar with how banking works from a young age. At the same time, I'm not sure if it's better to wait until they're older and have their own income or more responsibility.
If you opened an account for your kids, how old were they? What kind of account did you choose, and how has it worked out? Looking back, is there anything you'd do differently or any advice you'd give?
u/Tn7817 — 9 days ago