Opening a financial account or investment for your child is a great way to encourage saving and financial literacy. Here are some steps and options for opening a financial account for your child:
### 1. Decide on the Type of Account
- **Savings Account**: A simple and low-risk option where your child can save money. Many banks offer special savings accounts for minors with no or low fees.
- **Custodial Account**: An account set up under the


