tag:blogger.com,1999:blog-34185942.post2396706902485051627..comments2023-06-11T03:51:05.671-05:00Comments on Susan's Pendulum: Kids' Bank AccountsSusanhttp://www.blogger.com/profile/16152213210269075304noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-34185942.post-50223116855317733642011-02-16T16:55:31.369-06:002011-02-16T16:55:31.369-06:00You would think, Susan, but, 13 years ago, my gra...You would think, Susan, but, 13 years ago, my grandmother held our mortgage. I would make our monthly payment by writing a check and depositing it in her bank account. (Actually, I was a signer on that account, but my name didn't appear on the checkbook or deposit slips.) After the first two payments, I had a heck of a time getting those checks deposited, because I wasn't her. The check was made to her, but I couldn't deposit it into her account because I had no obvious ownership of the account. It was frustrating.Melodyhttps://www.blogger.com/profile/09264128797713405291noreply@blogger.comtag:blogger.com,1999:blog-34185942.post-7016981284925199832011-02-13T19:48:09.411-06:002011-02-13T19:48:09.411-06:00I think most banks will let anybody deposit checks...I think most banks will let anybody deposit checks for a person into that person's account, even if you're not that person. It's when you want to take the money <i>out</i> that you better be proving you have the right to access those funds.Susanhttps://www.blogger.com/profile/16307213773466556564noreply@blogger.comtag:blogger.com,1999:blog-34185942.post-49979580784640797152011-02-13T19:19:43.926-06:002011-02-13T19:19:43.926-06:00I live in the Chicago burbs (which I guess would q...I live in the Chicago burbs (which I guess would qualify as big city) but we have been banking at the same place for 10 years so they recognize me readily, whether I drive through or go in. The regular day teller even noticed when we traded in our van! Our two older kids have their own accounts but not the youngest yet--should probably do that soon. But sometimes over the years for the sake of convenience I have deposted everyone's checks into our account and then electronically transferred them to the respective owner's account. The bank has never questioned it when I have deposited kids' checks into our account. One motivation for doing that is I have found that if we don't deposit them right away--if we wait until it's convenient to take individuals to the bank--checks seem to get lost. But I know we should make the time--actually going in to the bank themselves helps them to learn about the process. And actually, I can't bank for my oldest anymore anyway--he transferred all his money to another bank to take advantage of a great incentive they had for new accounts!Cherylhttps://www.blogger.com/profile/04817680463922038375noreply@blogger.comtag:blogger.com,1999:blog-34185942.post-39211371220587169552011-02-13T18:45:58.053-06:002011-02-13T18:45:58.053-06:00That's how it was for us where we used to live...That's how it was for us where we used to live: small town, lots more people knew of us than I knew in return. Plus, we actually went <i>into</i> the bank. Gary didn't have direct deposit, so we had to actually cash and/or deposit checks written on paper! Add to all that that I was traipsing around in the middle of the day with a whole bunch of kids not-in-school, and the tellers got to know me real fast. There was no way anybody was going to mess with our accounts and checks at our local branch!<br /><br />I live in the big city, but our bank has prizes for the kids' savings accounts too. I love it when the kids come in!Susanhttps://www.blogger.com/profile/16307213773466556564noreply@blogger.comtag:blogger.com,1999:blog-34185942.post-15813705369998599542011-02-13T18:01:07.004-06:002011-02-13T18:01:07.004-06:00We live in a small town and everyone knows that my...We live in a small town and everyone knows that my husband is the pastor of a small church and everyone also knows that we have 3 boys. Of course I don't know half of the tellers names, but they know me! I never would have even thought of what you posted here. Of course now I am also used to depositing checks without signing them sometimes too. I'll have to tuck all this in the back of my brain for if we ever move to a larger city. I suppose I'll have to get used to showing ID to take out cash etc. too. I love our bank's savings account prizes for the boys. If we ever move from here I'll miss that.Ewehttps://www.blogger.com/profile/09049392222474704158noreply@blogger.com