Discover Debit Card - Discover Cashback Checking

[JoshNurse]

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

I opened mine and I have to say I really like it especially the online account.  Any reason why i dont see the cachback checking option any longer?

[oscar_actuary]

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

[Anonymous]

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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5 week olds need debit/credit cards too!

[Callandra]

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@Anonymous wrote:

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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5 week olds need debit/credit cards too!

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And iPhones!!

I think it's a good idea for a kid to have a bank account although 5 weeks old is a bit on the early side. When I was in elementary school I had a savings account. I didn't get a checkings account though until high school (and I'll never forget the big grin on my face when my dad gave me my debit card for the first time ever...ohh, the PLASTIC).

[oscar_actuary]

Baby need a new pair of shoes!

[JoshNurse]

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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I will put about $800 monthly into his account and use that money to run a side business I have.  All profit is used to purchase and resell etc... 

If he is a bad kid at age 18 he will never see this money. If he is a good kid he will keep it all.

[Anonymous]

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@JoshNurse wrote:

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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I will put about $800 monthly into his account and use that money to run a side business I have.  All profit is used to purchase and resell etc... 

If he is a bad kid at age 18 he will never see this money. If he is a good kid he will keep it all.

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....I guess.

Remember you'll have to report your profits.

Not that I don't think you will...But just because the account is in your son's name doesn't make it swiss, Lol.

[JoshNurse]

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@Anonymous wrote:

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@JoshNurse wrote:

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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I will put about $800 monthly into his account and use that money to run a side business I have.  All profit is used to purchase and resell etc... 

If he is a bad kid at age 18 he will never see this money. If he is a good kid he will keep it all.

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....I guess.

Remember you'll have to report your profits.

Not that I don't think you will...But just because the account is in your son's name doesn't make it swiss, Lol.

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You can say its more like a savings account for my baby.  I just need access to make checks, withdraws etc... Needs to be checking.

I have my cayman island account for the other stuff.

[core]

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@oscar_actuary wrote:

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@JoshNurse wrote:

My son is 5 weeks old and I wanted to open a Discover Cashback Checking for him.

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Why?

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Possibly because 200 transactions per month at $0.10 bonus is a lot better than 100.    Also if somebody's going to lose an account due to bonus abuse, it's best that it's baby's account.  After all, he won't really mind.

[Anonymous]

Not sure whether this thread is serious or not... doubt any banks offer checking under age 13.