background image

Bank Account/Payment Info

Bank Account/Payment Info

In researching bank account services for minors, our recommendation for all Kid IRA students is to open an account at the following national financial institutions:

  Bank Name Minimum Account Balance Setup Fee Monthly Fee Kidira Commission?
Apply?$0$0$0No
Apply?$1500$0$0$60
Note: All information above is as of March 31, 2010 and is subject to change without notice. For more updated information, we recommend obtaining information direct from each financial institution.

These accounts are relatively simple to set up and can have no monthly fees. By creating a savings account for your children now, you can better separate your child's savings (from income, gifts, etc.) and can start them on a better financial path.

In order to receive payments for services rendered, we strongly recommend opening an account at one of the above financial institutions. Once set up, Kidira will process automatic payments to this account on an ongoing monthly basis. If you do not wish to open an account at one of these institutions, we will send payments via a physical paper check.

Sync with Facebook
Sync with Facebook
Sync with Facebook