ultrarunner
Epic Contributor
- Joined
- Apr 6, 2004
- Messages
- 22,710
- Tractor
- Cat D3, Deere 110 TLB, Kubota BX23 and L3800 and RTV900 with restored 1948 Deere M, 1949 Farmall Cub, 1953 Ford Jubliee and 1957 Ford 740 Row Crop, Craftsman Mower, Deere 350C Dozer 50 assorted vehicles from 1905 to 2006
I was 12 when I opened my checking account... had a job with a school work permit and was paid by check each week $50 less deductions...
From the $50 it was $20 bucks to the folks for room and board, $20 to savings, about $4.25 withholding and $5.75 spending money for the week... I could get a burger, fries and a coke for $1 for lunch.
I walked into a Bank of America with my paycheck and told the man at the desk I wanted to open a checking account with my paycheck... he looked it over and commended me for being responsible... also gave me the talk about never writing a check for more than I had in the account...
Short answer is I walked out with a checking account in my name with no other banking relationship or adult signature... made me feel about 10 feet tall... the manager said if I was old enough to earn a paycheck, I was old enough to have a checking account.
Tried to do the same for my god daughter and was told it simply is not possible and for her to get and account, I would have to sign for it and I could only do this if I was a parent or grandparent...
My brother worked summers for the park district as a lifeguard... he had all the training and was paid every two weeks... at 16, the local Savings and Loan granted him a Mastercard in his name with no cosigner... the Branch Manager approved it and said he was going out on a limb because if my brother choose not to pay... there was little the bank could do.
My brother still banks with this institution and has done millions of dollars of loan referrals from his Real Estate Business...
I guess loyalty and building life long relationships are no longer worth the trouble...
By the way.... my brother had over $5,000 in the bank and his credit limit was $200...
From the $50 it was $20 bucks to the folks for room and board, $20 to savings, about $4.25 withholding and $5.75 spending money for the week... I could get a burger, fries and a coke for $1 for lunch.
I walked into a Bank of America with my paycheck and told the man at the desk I wanted to open a checking account with my paycheck... he looked it over and commended me for being responsible... also gave me the talk about never writing a check for more than I had in the account...
Short answer is I walked out with a checking account in my name with no other banking relationship or adult signature... made me feel about 10 feet tall... the manager said if I was old enough to earn a paycheck, I was old enough to have a checking account.
Tried to do the same for my god daughter and was told it simply is not possible and for her to get and account, I would have to sign for it and I could only do this if I was a parent or grandparent...
My brother worked summers for the park district as a lifeguard... he had all the training and was paid every two weeks... at 16, the local Savings and Loan granted him a Mastercard in his name with no cosigner... the Branch Manager approved it and said he was going out on a limb because if my brother choose not to pay... there was little the bank could do.
My brother still banks with this institution and has done millions of dollars of loan referrals from his Real Estate Business...
I guess loyalty and building life long relationships are no longer worth the trouble...
By the way.... my brother had over $5,000 in the bank and his credit limit was $200...