Financial Education: How to open a savings account for children?
With your “adult life” full of tax responsibilities and payments to be made, surely you have thought more than once that the Ministry of Public Education (SEP) it would have to include financial education from basic education.
However, that is not in our hands, but as a father or mother we can train our little children so that they can protect themselves and prepare for the future.
And one of these basic financial lessons should be teaching him to save some money that you give him to buy his favorite video game, a bluetooth headset or whatever he wants so badly, as recommended by financial experts from BBVA.
How to open a savings account for children and youth?
According to BBVA, it is possible to open an account together with your children.
According to BBVA, it is possible to open an account together with your children, which will allow you to deposit money, store your savings and make purchases on websites safely.
- Requirements to open a savings account for children
- Be the father, mother or guardian of the minor.
- The minor must be under 18 years of age.
- Submit a certified copy of the minor’s birth certificate.
After having all this at hand, you can open an account with any bank you choose, in the case of BBVA, it has a Link Card, which does not charge commissions for opening, account management or for not maintaining the balance minimum and you can open in three easy steps:
Sign in to bbva.mx, select Opportunities and then Open an account for my children, enter the requested information. If you are not a customer BBVAgo to a branch with the following documents:
- official identification
- Proof of address less than 3 months old
- Certified copy of your child’s birth certificate
- If you are a foreigner, your migratory form.
When contracting from bbva.mx you will receive your Link Card at home. Once you have the card, check the PIN from the Línea BBVA app.
Go to a BBVA ATM, insert the card and activate it by entering the PIN.
and that’s all, your child’s card can now be used and thus be able to continue instilling a financial culture for their future.
You may also be interested in: Centennials: What can be done with the money I save?
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