Can a 3 year old open a card? Can I buy wealth management with a card?

Must be at least 16 years old.

When I was three years old, I didn't have the ability to act. Sixteen-year-olds can apply for bank cards, and 18-year-olds can apply for credit cards, these are all responsible, and three-year-old children don't understand anything, let alone be responsible.

You can't open a card, you need to wait until you are 18 years old.

No. According to the Regulations of the People's Bank of China on Savings, residents can only open bank accounts independently after reaching the age of 16. The money on the bank card can be used to buy wealth management.

If a domestic minor applies for a China Merchants Bank savings card, there are two situations:

Under the age of 16: I can't, I need to be represented by a guardian.

The guardian shall issue a valid identity certificate of the person and the person being the person, as well as a certificate of guardianship or an official document issued by the people's court or relevant departments for the designated person to open an account. The real-name authenticated mobile phone number of the guardian or depositor can be retained.

16-18 years old: can be done by yourself or a guardian.

I can go to any outlet with a valid ID card (if the valid ID card still cannot accurately determine the identity of the account opening applicant, a supplementary identity certificate must be issued), or a guardian can do it on my behalf, or if the guardian does it on my behalf, I need to show two valid ID documents and proof of guardianship. It is necessary to reserve the real-name authenticated mobile phone number of the guardian or depositor.

There are the following provisions for minors to purchase wealth management products:

Minors (under the age of 18) who subscribe to wealth management products for the first time are required to complete the risk assessment and other subscription procedures at any of our outlets, accompanied by their legal guardians, and verify their guardians' identity with their household registration books or other documents, which shall be subject to the outlets.

Minors can only purchase wealth management products with a risk level of R1 R2 that matches their risk assessment level;

Minors need to go to the outlets (self-service channels are not supported for the time being) to subscribe for wealth management products, and they do not need to be present, but they need to provide relevant materials to prove it, and it is recommended that guardians contact the outlets in advance to confirm the supporting materials that need to be brought.

Some families want their children to develop a sense of financial management from an early age, but they don't know whether their children can handle bank card financial management, so they will have doubts, such as: Can children's bank cards manage money? Can children open a card to buy wealth management?

Can I manage my child's bank card?

The child's bank card can manage money. Some banks will launch exclusive bank cards for children, such as: China Merchants Bank's "Happy Partner Card", Industrial Bank's "Little Bee Card", Industrial and Commercial Bank's "Baby Growth Card", Bank of China's "Great Wall Flower Season Card" and so on.

These bank cards have functions such as deposit and withdrawal, consumption, and transfer, but if you manage your finances, there will be some restrictions.

Can children open a card to buy wealth management?

When the child has the New Year's money every year, the parents at home can be properly guided, so that the child can develop a sense of financial management from an early age, and financial management is to pave the way for a better life in the future, but also to tell the child that financial management will be risky.

Of course, parents can also use their own custody to manage their finances, for example: put the money in Yuebao, show the amount to the child, and then take it out to the child when necessary, but tell the risk and return principle of financial management.

<> faced with more than 1,000 yuan or even tens of thousands of yuan of New Year's money, how to maintain value and manage money has become a concern for parents who want to accumulate a "small treasury" for their children. Seeing that children have a lot of money for the New Year, many banks are also looking at the market of New Year's money management, which is a wealth management card specifically for children. Bank of Communications Children's Wealth Management Card is an exclusive card designed and developed by the Bank of Communications for children under the age of 16 and used by children and teenagers.

The purpose of the bank is to let children have a bank card that truly belongs to them, learn to manage money from primary school, and learn to plan their own wealth.

To this end, the Bank of Communications Children's Wealth Management Card can apply for multi-currency current and fixed savings accounts, and set up exclusive savings accounts for children, so as to cultivate children's awareness of savings and financial management from an early age. In addition, through the children's wealth management card, you can also handle a variety of investments such as currency**, treasury bonds, education savings, etc., to achieve the preservation and appreciation of the value of the New Year's money, and gradually cultivate children's wealth planning and financial awareness.

From the perspective of parents, one is to hope to cultivate children's financial intelligence from an early age and establish a correct view of wealth for their children; On the other hand, make plans for your children's future and reserve funds including life, study, and even entrepreneurship, marriage, and pension.

I am also very curious about the children's wealth management card of the Bank of Communications, is the children's wealth management card a financial product for children? What exactly is a Kids Banking Card? Let's unveil it together.

What is a Kids Banking Card?

The children's wealth management card is specially designed and developed for children under the age of 16 and used by the exclusive card used by the children of Weiwu, which is a new product based on the functions of the debit orange liquid card and integrated with the services and functions of the needs of children and teenagers, which are divided into two types: magnetic stripe card and chip card. So what exactly is this children's wealth management card?

Bank of Communications children's wealth management card, you can enjoy a lot of discounts when you handle it, for example, you can enjoy the cost of handling it for free, in addition, the security of the wealth management card itself, you can consume quickly without a password, and the maximum recharge amount of the e-wallet is 1,000 yuan. These characteristics have also become the main reason for people to buy. But one of the main purposes is that for parents, this is an excellent opportunity to cultivate their children's financial awareness from an early age.

Four advantages of a children's banking card

The "Kids Wealth Management Card" has four convenient functions. First, the IC card and the magnetic stripe are perfectly combined, and the cardholder can consume quickly without a password when using the IC card electronic finger wallet, and the maximum recharge amount of the electronic wallet is 1000 yuan, which is safe and better to use; The second is the multi-currency current and fixed savings deposit account, which enables flexible scheduling of funds through automatic financial management business functions such as automatic transfer and over-limit rollover; the third is to solve various payment problems such as children's tuition fees by handling various automatic payment services; Fourth, it can handle a variety of investments such as currency** and education savings.