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I am not married and do not have any kids. But a lot of my friends with kids do open a bank account in the name of their kid and put in money into the account regularly.
I intend to save enough money for my kids to go to college, complete it and start their lives with it. And those accounts would be for each of them in their names.
It's a good thing if you ask me and you should make your kids aware of that and this may help them start saving money from their pocket money and they will ask you to deposit in their bank account
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