It used to be that one of the main initiations into adulthood was opening up a checking account in your late teens or early twenties. All those years of begging your parents for their spare change so you could buy a soft pretzel at the mall with your friends or pestering them to make the payment for your annual summer camp were now gone. Like cell phones and other maturing privileges, the timeline to receiving a debit card has been sped up as well. Now, companies across the country are extending their services to children of all ages. With this early start to banking, parents and bankers are also faced with unforeseen risks as children begin to swipe their cards.
