Opening a Child's bank account

Hi All,


Merry Christmas!


I want to open a bank account for my 4 year old son. Born in HK. Not rich yet but hopes to be.


Does anyone have any strong opinions or experiences with any of the big lot here?


Do any of them offer particularly good rates, services or cater at all to potentially long term customers?


Any feedback much appreciated.


Happy New Year!

HSBC never used to let you open a bank account for children under 11, (it may have changed as I haven't checked recently). You used to have to open it in your own name and put "in relationship to...." on it.

Actually you might want to consider BEA's Kid Master Savings plan

http://www.marketing-interactive.com/news/17892


or the official website (it's on the bottom of the page)

http://www.hkbea.com/hk/pb/acc_and_rates/dep_and_acc/kid_master/index.htm


Kid Master Savings Account


The Kid Master Savings Account encourages children to develop a good savings habit at an early age and save for future financial needs. The specially designed passbook also makes saving fun!


Cyberbanking


With the increasing popularity of online banking, it is essential that children understand computers and online financial tools. Cyberbanking serves as an excellent introduction for children to the online banking world. With Cyberbanking, your children will learn the basic concepts of financial management!





Teach your child basic finance, have fun, and enjoy a range of great benefits all at the same time - visit your nearest BEA branch and become a Kid Master member today!





Customer Service Hotline : 2211 1311

Cyberbanking Website : www.hkbea-cyberbanking.com