Correct

“When a child turns twelve, a new account would be open and the previous account would be closed. The child will be allowed to deposit money like savings into the account, but at no time the child should be able to withdraw from the account. At the age of eighteen, another account would be open and the money would be transferred to the new account and close the old one. The child would be given a card to withdraw money but there would be a monetary limit on how much they can access each month until the child is fully independent and have a career of their own. That time a new account would be opened by the child and the money from the account would be deposited in the account and closed the old account.