Cloggie Posted August 18, 2014 Share Posted August 18, 2014 I want to transfer monthly a fixed amount of money to my sons bank account at Krungsri. He is now 5 years old and when he is 20 I want to give him his bank book, what kind of bank account should I open? Tried to explain this to bank staff but they did not understand it, they wanted him to have a ATM card ???? Thanks for any recommendation. Link to comment Share on other sites More sharing options...
Satcommlee Posted August 18, 2014 Share Posted August 18, 2014 Try the school My 4 Year olds School has just opened a Government Savings Bank account for him with a 100 baht deposit. He got the bank book and a piggy bank last week. No ATM cards of course. Link to comment Share on other sites More sharing options...
fletchsmile Posted August 19, 2014 Share Posted August 19, 2014 (edited) You can open bank accounts in the format: "ChildName by ParentName", which is what we did with accounts for each child by father and by mother. You won't be able to get an ATM card for that age though. So you might want to set up internet banking where you can swap things around online. Given the time frame of 15 years I'd seriously consider equity based mutual funds in addition to just cash. There are quite a few threads on the topic you might want a look at. I just searched "fletchsmile + bank accounts for children", and if you cut and paste or click on below there's a decent list of threads Cheers Fletch Edit: Sorry something wrong when posting the link. But if you type "fletchsmile bank accounts for children" in the search box top right there's a decent list comes up Edited August 19, 2014 by fletchsmile Link to comment Share on other sites More sharing options...
Cloggie Posted August 25, 2014 Author Share Posted August 25, 2014 Thanks fletchsmile, will have a look at these posting. Link to comment Share on other sites More sharing options...
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