Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
Re: Anyone see any risk here?

drkaje wrote:

The risk? He may never grow up and you'll be doing stuff like this forever.


There's a good chance he can overdraft with a debit card and end you up with a nottion in ChexSystems, too!

Also I believe that most savings accounts have limits on the number of transactions that you can do each month.    Not sure why that is, but I seem to recall seeing something about limits.    So it may stop it from working or might rack up a lot of fees for excessive usage.


Has he considered using a reloadable pre~paid debit card ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX