How much money do you need to have a debit card?

Question

Also, what are some good ways to make money around the house, by, basically doing chores. I really need some extra cash so I go shopping!

Answer 1

To open a checking account at Bank of America--the plan is called My Access Checking Account, in case you're interested--you need $25. However, once the account is open, there is no minimum amount required to keep the account active. In other words, you need $25 to start the checking account, but you could take all $25 out afterward and that'd be fine. (I'd recommend not doing that, though.) Debit cards are almost always free through your checking account. Some checking accounts have monthly fees, but there are options to avoid that, like opening up a savings account or enrolling in direct deposit through your job. But when I checked out the Bank of America deal, there's an online offer going on right now that doesn't ask you to pay any account fees.

As far as what chores you could do, you have to consult with your parents or guardians about that. Assuming that they'll pay you for anything is premature. Be honest with them - say you'd like to earn some extra money and that you were wondering if there were any chores they need done. Then ask what your compensation would be for doing those chores. If you want to be really adventurous, you could offer to do chores for your neighbors, especially elderly neighbors or neighbors with physical disabilities. Those people need help the most and would probably be willing to hand over five or ten bucks once in a while.

Some good chores are:

-laundry
-house cleaning
-lawn mowing
-taking the garbage out
-feeding pets
-dusting
-mopping

Answer 2

Ask yourself:

What can I do that people would be willing to pay me $____ to do?

Fill in the blank with a whole number denomination between $1 and $100, and try to think of something that people would actually pay you that dollar value to do.

When you add it up, you will realize that you can make more money per hour as an entrepreneuer, than what you would be paid per hour as an employee working for minimum wage.

The key is to be paid per transaction instead of per hour.

Imagine you found a summer job that paid you $6 an hour. Working 8 hours, your gross income (before taxes) would be only $48 dollars.

Now, asking the question:

What can I do that people would be willing to pay me $20 to do?

You would make $20 in a single transaction for doing something that may take you only 15 minutes. If you have three clients and can service them all in one hour, your gross income would be $60 per hour.

If you had enough clients to fill an 8 hour day (3 clients @ $60 an hour), that would be 24 clients each paying you $20 for a total gross of $480 for an 8 hour day (compared to $48 dollars @ $6 an hour).

That is 10 times the revenue you would make above minimum wage for the same amount of time.

Answer 3

At most banks, there is a minimum deposit that you need to make to open an account. This is usually the same amount that you'll need to get a debit card through your bank.

Answer 4

You don't need ANY money to get a debit card. All you need is a checking account. It is actually possible to have an EMPTY checking account. I don't recommend it, but it it can be done.

Answer 5

$1 bank rules differ but there no across the board answer but some as low as a dollar

Answer 6

i think about 350

Answer 7

Go here,

> http://affiliatestag.blogspot.com

> http://paidforwritedown.blogspot.com

> http://professionallab.blogspot.com

> http://moneytreetips.blogspot.com

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