Lodinguan OP t1_jadbyt5 wrote on February 28, 2023 at 4:54 PM

Reply to comment by IntelligentHalf4367 in First Bank/Checking Account for 18yo? by Lodinguan

Yes and yes to your first questions. I'm not sure what qualifies as "significant" but she does currently have both a "checking" and "savings" account, they are just tied to my account w/USAA.

IntelligentHalf4367 t1_jae8hug wrote on February 28, 2023 at 8:19 PM

What I would do with what I know of your situation is do the local credit union where she will be living for checking and a credit card, then do a savings account online with Ally, Wealthfront, etc that pays higher interest so she has the habit of using that account as she gets older.