Well This Is Unfortunate.

Shadz is right, but I think Phil was speaking more to the idea that many people have emptied their savings as the economy has limped along.

You msut not understand banks as they have functions for nearly 40 years. an adult can co-sign for any of their children to open an account. Now whether the school ID qualifies in the OPs situation, a child of ANY age can have a bank account opened for them. They can't take anything out until legal age to contract, I think that is federally mandated at 18 for most of the USA/ (21 in Japan) But provided that parent qualifies, then the child can have a debit or credit card at whatever age the PARENT decides.

This would give "those to young to work" a valid business partnership with the bank and the bank would have NO reason to be a jerk to an account holder, since in the absence of a debit/credit card, the child's savings account is money the bank gets to invest to make MORE MONEY FOR THE BANK and the child cannot remove unless the parent takes it out for them. Which MOST parents won't do arbitrarily unless the bank starts acting like a jerk and then closes the account, and maybe the parents account and moves to a nicer bank that isn't full of jerks.

So that little bit of doing something for someone MIGHT jsut be the good will someone would need to choose a bank in this god forsaken society of greed. Ask your wife to see if her bank allows children to be added to an account by a parent, if you think I am wrong, and find out if she knows of it at ANY banks.

Jerk thing to ask for ID, yes. Get a new bank, but to claim banks need not entertain the younger people, then who in the HELLO do they think they will be doing business with in the future? Surely not the person the bank was a jerk with when they were younger. Kids aren't stupid and go to school to learn to remember things. You thing they would forgive people that value the all-mighty dollar over peoples right to have a roof over their heads?

t is sad, most banks try to keep ONLY the minimum amount of coinage they THINK they will need based on trends like the grocery ordering gallons of milk so they don't have an over stock so the bank can use this "excess" money to make bad investments with.

Not only was the statement insulting to think a bank would think that, but also someone would say it on behalf of the banks. Seems like people don't even want younger people into coin collecting?

You catch more flies with honey than with vinegar. Banks should remember this. They are NOT too big to fail and there will NOT be another TARP incident. Beware Valkenvania.

I miss those. I got one at 17 I think, didn't need a parent either now that I remember! Every deposit and withdrawal was stamped directly into the book. Do they still do that for savings? I just have checking now cause I don't care about making money on money sitting around. If I did it would be futile to collect coins. (:D)

Chase Bank has some 'different' cash policies that I've read about in the recent past. No cash accepted for payments on loans and also on the actual account holder may make their cash deposit into their account. (one can't bring in another persons deposit in cash- say a sick relative or who ever) I choose not to bank with a large bank anymore.

You mean they still have machines that can print on those passbooks? I figured everything was converted to that 2 week lifeespan fax paper type receipts that you must keep for 10 years for tax records purposes.

Yes it fades after 2 weeks, but you are expected to keep it for 10 years...

Oh, I hate thermal paper! Whenever I get an important receipt on thermal paper I scan it. This saved me when the I needed to get a car battery replaced under warranty. Of course the original receipt was blank by then. No worry. Print the PDF, show the clerk, numbers match, new battery.

Do not even get me started on fax machines...

More than half of all "fax" transmission originate in one person's e-mail box and terminates in another.

Chew on that nugget of stupidity.