I saw this over on Sisterly Savings – check it out:
Get $10 in Free money for your child from Paypal & American Eagle Outfitters! I just opened up an account for my 15 year old and I think this will be a good opportunity for her to learn how to manage an account online, and she gets $10 free to start off with!
Parents get full access to the account with permissions and notifications, can transfer funds to their account and track their spending with alerts. The teens get to experience managing their own money in a safer,hands-on way and get the freedom to shop online or in stores.
Introducing the NEW PayPal Student Account for Teens:
Give your teen experience managing their own money. With a PayPal Student Account, they can shop online with PayPal and use their Student Card anywhere that Debit MasterCard® is accepted. And you get full visibility into their spending.
Get $10 for your teen by submitting the primary email address for your PayPal account above and opening a Student Account before December 31st, 2009. Teen needs to be 13 and up to open an account.The $10 will be deposited into the Student Account no later than January 22, 2009
And hey, if your not comfortable with your child having an account, you can still get the Free $10. An option you have is that you can build a savings account and add money from your paypal account from time to time or if your child would like to save up for something in particular. Or, after you open the account and the money is deposited in your child’s account, just transfer the money to your to your Paypal account and then close their account.
My daughter is excited because she gets her own card, and since its not a credit card, it will teach her the responsibilty of having a card and how to use it. And with paypal, you know your purchases are safe online. Read the complete terms here. Thanks! Sisterly Savings!
