Kids and Teenagers get Cash for Starting a Free Savings or Money Account

Right now, ING is offering you a cash bonus just for setting up either a savings account for each of your children (each child will get the $17.76 bonus) or a bank account that you can manage with your teenager (each teenager will receive the $27.76 bonus) with the end result of teaching your children of any age better fiscal responsibility.  We love this because just as we shared during our Deep in Debt to Debt Free story, one reason (definitely not the primary reason) we started off our marriage in such a bad financial mess is because lack of knowledge.  And starting a checking account that you and your children (either younger or teenagers) can manage together is an awesome way to get them started!

You can create a Kids Savings Account for each of your kids and they will receive a $17.76 bonus just for signing up!  This actually comes at the perfect time as we have been discussing opening an account for our younger two children (we had opened kid’s accounts for the oldest three on Black Friday when they earned their bonuses) as we encourage our extended family to cut down on the number of gifts and instead consider adding to their savings – with the intent of helping invest in their future instead of giving gifts that will soon be forgotten!

To sign up your child for a Kids Savings Account:

1. Click over to ING, select the option to sign up for a Kids Savings Account HERE (look for image above)
2. Follow the process to sign up (it took us about 2-3 minutes per child)
3. The $17.76 bonus will be added to your child’s new account. Only available when you open a new account with at least one new Customer (either you or the kiddo must be a new Customer to ING DIRECT).
4. The $17.76 bonus starts earning interest upon account opening, and is available for withdrawal after 30 days

Finally, you can open a bank account with debit card that parents and teens manage together to get a $27.76 bonus!  This will allow your teenage to understand even more about finances and give you, the parent, the opportunity to teach your teen how to be financially responsible by instilling those good habits early.

To sign up your teen for a Money Bank Account:

1. Click over to ING, select the option to sign up for a Money Bank Account HERE (look for image above)
2. Follow the process to sign up (we assume it should take less than 5 minutes per teen)
3. Your $27.76 bonus will be automatically deposited into your account on day 35.
4. There’s no minimum deposit amount required.

This might be a great opportunity to teach your children and prepare them to know how to handle their money and manage a savings/bank account!