Gifts of money to children.

[Beatrix]

My children don't even have bank accounts. I feel really horrible about this but its not like it used to be for me as a kid. We banked at school and saw the balance going up.
They don't do banking at my kids school and they don't receive money very often at all for bdays so if they do we normally go on a trip somewhere like the zoo etc.

I personally think its up to the person recieving the gift as what they do.

[Jewel]

When my kids receive money as a gift from family it's never come with any instructions on how it's to be used (spent, banked) so I'm not sure how I'd feel if someone insisted. Anyways, my eldest gets the choice to bank his or spend it. My youngest doesn't really get the choice yet. It gets put into his account. He likes to take the bank book into the bank and give it to the lady at the counter.