Let's Talk Investing Does my child need a bank account? Add to ... The Globe and Mail Published Monday, Jul. 30 2012, 5:26 AM EDT Last updated Tuesday, Jul. 31 2012, 5:23 AM EDT Rob Carrick examines the pros and cons of setting up an account for your child Watch More Video: Does my child need a bank account? Recall costs dent GM's profit Ontario man vying for 'dream job' of being paid to travel Next stop America for France's TGV? Arianna Huffington on why you should limit smartphone use PotashCorp reports weaker earnings; outlook improves Chinese with cash chase the American dream Apple doles out cash, Facebook beat underwhelms StoneCastle's Bruce Campbell names his three top picks Running on empty: How I was stung by the price of gas Canada moves to phase out old rail cars Streetwise: CIBC eyes U.S. acquisition Ericsson disappoints, says better to come Bad weather, higher tax rate cause crams for McDonald's earnings What happens if you die without a will? Jets fuel jump in Boeing's revenue Canadian housing headed for a modest correction: Barclays Canadians turning positive on home ownership Tech sector is the first to get hit by market volatility: strategist Allergan bid may be last big pharma deal for some time for Valeant China's assembly lines still sluggish Comments AA More Related to this Story Let's Talk Investing Video: Teach kids to save more than they spend Let's Talk Investing Video: Should kids learn about money by trial and error?