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Author Topic: open a baby/child's own bank account or an account under my name?  (Read 24377 times)

momhie pen

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Mga mommies,what's your stand regarding sa pag open ng bank account ng mga kids/babies nyo?

Me kasi I started last sept and until now parang hindi ko padin mareach un money goal for my baby and I was thinking if I could just put it in my own account nalang.
« Last Edit: May 26, 2012, 03:42:34 pm by Mommyjazz »
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javvy820

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #1 on: July 13, 2008, 09:31:46 am »

hi momhie pen,, how old na ba baby mo?,,ako kasi sa eldest ko 3 months pa lang inopen ko na sya ng account pero dahil nga baby sya naka ITF lang yun sa kanya ang sabi ng bank 7 yrs old pwede na sila mabigyan ng atm and now sa youngest ko ganun din ginawa ko ITF din sya,,pero actually bukod sa kiddie account lahat ng accounts ko naka ITF na sa kanilang dalawa kumbaga binukas ko sila ng sarili nila for educational funds pang school nila wala naman ako plan pahawak sa kanila yun hanggat hindi sila graduate kung me matira pa hehe,, iba kasi yun gusto mo sila turuan to save money piggy bank lang siguro pwede na muna ,, ako kasi ang purpose ko sa pag open hindi ko kasi masabi ang future kaya kung alam k na may pang school na sila sumasaya na ko kumbaga kahit kailangan ko ng pera hindi ko ginagalaw yun kasi pang school yun :)
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yetsky

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #2 on: July 13, 2008, 10:56:14 am »

sis view mo this link, dito yung mga opinions ng mommies about savings for kids....maybe it will help.

http://www.smartparenting.com.ph/parentchat/index.php?topic=706.0
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b a v e

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #3 on: July 15, 2008, 11:16:45 pm »

HI MOMMY PEN, i think it cool to start an account for you child...kami we have this bear bank w/c we bought sa toy kingdom 199 pesos lang, 2 malaking bear sya...we put 5 and 10 peso coins separately from our sukli... ngayon d na mabuhat yung bear... :D aside from that, even if 1 year old palang baby ko, i opened a junior  BDO account under my sons name para sa future needs niya like school, para lang hindi magastos yung alloted for him. Actually parang joint account ang dating nun kasi ako ang nagopen at signatory in my son's behalf so parang any time you can withdraw, but what i do is iniisip ko nalang na sya lang ang pwedeng magwithdraw nun, and I opened my own account para dun nalang kami kukuha ng pang-gimmik namin... ;D
« Last Edit: July 18, 2008, 01:36:09 am by bave »
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andrew610

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #4 on: July 16, 2008, 07:19:24 am »

yup i think ok talaga ipag open ng account si baby lalu na habang maliit pa sya. that way bukod talaga pera niya from your other finances.

i started to open an account for andrew sa BDO. its a junior's savers account. minimum of 500.00 lang pwede mo na sya open ng account. tas kung gusto mo mag earn ng interest yung money niya, you should have at least 2,500.00 sa account.

ginawa ko yun kasi ayoko talaga galawin yung pera niya. nung binyag niya kasi halos lahat pera binigay so yun pinang open ko ng account. tapos nung nag invest ako sa piggery farm, nag eearn ng 5thou a month yung investment ko so dun ko nilalagay sa account niya yung pera.

its the only way a could save for him para pag may emergency or kung may mangyari man samin ng papa niya.. secured na sya. :)   
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adaengkantada

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #5 on: July 16, 2008, 08:09:39 am »

i think it's okay to have a bank account for your kids. mabuti na kasi yung may account ka na hindi gagalawin to be sure na may pera for your child. basta, pera niya, pera na niya. unless emergency.

recently lang kami nag-open ng account para sa baby namin. Metrobank Funsaver yung pinili namin, dahil may free accident insurance. In trust for yung account, Php 500 minimum deposit, pero dapat Php4000 at least ang laman para maactivate yung insurance.

at least dito, kahit may aksidenteng mangyari sa'kin, may benefits silang makukuha. natatakot kasi akong mag-invest ng malaki sa mga insurance firms (life or educ) kasi di pa nabalita noon yung pagbagsak nila dahil sa economic crisis. kaya, i feel na ito ang safest investment ko for the future.
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myboninay

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #6 on: July 16, 2008, 09:37:17 am »

Ako din nag open nang bank account for my baby. Lahat nang money na bigay sa kanya since binyag, birthday, pasko dun ko nilalagay pero sympre para hindi maging dormant yung account nag se-save din ako kahit Php 500/payday.  Basta I make it sure na hindi ko yun gagalawin, kasi wala rin namang ATM yun.  Nung mga bata pa kami ganun din ang practice nang parents ko, at least pag kailangan nang pera pwedeng last option na kuhanin yung sa bata.  Yung money ko at tsaka yung sa sister ko nung maipon pinang start naman namin nang business that was more than 15 years ago. At least may nahinatnan, college na kami nung ginalaw yung money (2nd year college ata ako nun)
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lhanz

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #7 on: July 16, 2008, 01:37:32 pm »

It is ok to open a bank account for babies. Actually I had one opened for my son when he was still 6 mos. old.
Dun ko deposit lahat ng money na bigay s kanya para pag laki niya or kung me mangyari man sa kin meron siya money.

  I also opened a bank account for the purpose of saving for his education. I used the account to deposit a portion of my bonuses and other benefits  thay way di ako mahihirapan when the time comes that I need to send him to school na.

Separate bank account for different purposes. ;)
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she

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #8 on: July 16, 2008, 01:40:07 pm »

my two sons, meron sila sariling account under their name. bdo junior saver's din. i opened it nung after christening nila, yung mga gifts na money din ang pinang-open ko ng account. tapos every birthday and christmas din, straight to their savings ang pera na nare-receive nila.

my eldest, alam na niya na he has his own money na nasa bank. i don't know kung okay na pinaalam ko sa kanya kasi whenever he'd ask us to buy him something na luho, pag sinabi ko wala pang pera si daddy for that, sinasagot kami, "ako may pera nasa bank, kuha ka." :D
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okfine

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #9 on: January 24, 2010, 04:07:25 pm »

hello!
plan namin ni hubby ipag open acct din si iyah..
ask ko lang sa mga may acct. na yung kids dito,ano po ba mga requirements sa bank?sa BDO? thanks po sa mag rereply!
kasi bukas ako pinapapunta ni hubby sa bank,atleast pag punta ko don alam ko na need ko dalhin.. ;)
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lopezjadee

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #10 on: January 24, 2010, 04:45:42 pm »

hi mommy phen, we opened a bank account for jacob(rcbc) four months pa lang sya nun, nakaslash sa account name yung name ko.. lahat ng nakuha nyang money nung binyag birthday christmas dun na namin nilagay, para di din mahalo sa money namin, at magastos pa namin, im thinking of transferring the money sa time deposit pag medyo lumaki na yung amount, and si jacob, kasi my husband he had an account daw nung bata, umonti because he started buying car stuffs bata pa lang sya.. (14 y.o) so bago sya mag car i'll put it na sa time deposit siguro, malaki benefit sa bata,  :)

check mo yung mga offer ng bank kasi meron yung tipong youll pay a certain amount payablein like 2 or 3 years .on the third year may makuha ka na na 12%, its good kasi masasakto sya sa start ng school ni jacob. :)
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thansher01

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #11 on: January 24, 2010, 09:27:04 pm »

sis yrrehc25, usually eto po yung mga requirements:

1. Birthcertificate ni baby: NSO Copy
2. Marriage Certificate nyo ni hubby: NSO copy
3. 2 Valid IDs of Parents
4. 1x1 pictures nyo

hello!
plan namin ni hubby ipag open acct din si iyah..
ask ko lang sa mga may acct. na yung kids dito,ano po ba mga requirements sa bank?sa BDO? thanks po sa mag rereply!
kasi bukas ako pinapapunta ni hubby sa bank,atleast pag punta ko don alam ko na need ko dalhin.. ;)
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okfine

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #12 on: January 24, 2010, 09:51:04 pm »

pano kaya yun sis,eh hindi pa kame married..
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vitamommy

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #13 on: January 24, 2010, 10:16:02 pm »

^ sis, birth certificate ay okey na plus yong  valid ID mo at 1x1 picture of baby and mommy. When I opened an account for my son s BDO yan lang ang hiningi.
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rosetan

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Re: Is it okey to open a bank account for your kids/babies?
« Reply #14 on: January 25, 2010, 12:01:08 am »

for me ok ang may bank account..we opened an account sa BDO para sa baby namin non 2 months pa lang sya. so lahat ng bigay sa kanya na money nong cristening niya,xmas,newyear,at chinese new year dinedeposit namen lahat sa account niya..signatory kame mag asawa so if ever asa abroad ako o sya in case of emergency pwede kahit sino samin mag withdraw..sa panahon ngaun kelangan na natin mag save sa mga babies natin lalo na sa education nila every year tumataas ang tuition at sa mga future needs nila.
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