YOUR MONEY-How to bank your child's money

April 2, 2015 12:00 PM

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NEW YORK, April 2 (Reuters) - When I told my 7-year-old that her wallet was getting full and it was time to open a bank account, her eyes widened. She wanted to know if she would be allowed to carry her own ATM card.

Don't be in a rush to move away from the bookshelf bank, says financial literacy expert Susan Beacham. There are lessons to be learned from physical contact with money.

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