Get $10 for Free by Opening a PayPal Student Account

PayPal has recently launched a new type of account. Parents and relatives of a teenager can sign up for a PayPal student account as a sub-account from their current PayPal account in good standing. The premise behind the new student account from PayPal is to encourage good spending habits among teenagers while allowing an adult to oversee the process.

The PayPal student account offers a variety of ways to encourage safe spending and to open a dialogue for discussion among parents and teens. The PayPal Student Account offers the teen an opportunity to spend money from their PayPal Student Account safely and securely online or while shopping around town for purchases like gas or clothing. Parents have the ability to monitor the child's spending online by checking recent transactions or the balance on the PayPal Student Account. For those parents who can't find the time to check the PayPal Student Account as regularly as they would like, PayPal also offers the option of setting up alerts. Parents can set up criteria to send an email alert. Should your teen spend too much on a purchase or the balance on the PayPal Student Account drop below a specified limit, for example, then the parent will be alerted and notified very quickly. PayPal has really outdone themselves with the new Student Account feature they are offering for parents and teens.

If all of the fabulous features of the PayPal Student Account are not appealing enough for you to sign up today, then consider the offer of $10. Parents who currently have a PayPal account in good standing are eligible to sign their teen up for the Student Account and can earn $10 to fund the account. What parent and teen wouldn't love a free $10 tossed in their direction? In this economy, it is not easy to get your hands on extra money, so take advantage of this offer while it is still available. Check the PayPal site for all current details, but at last check, the offer was good through the end of 2009.

Signing up your teenager is easy. PayPal just asks for some simple information and you and your child will be on your way very quickly. Having the free $10 deposited in the account soon will be a great way to fund the account and allow both parent and child to begin the discussion about spending habits. Drop by the PayPal site today and sign up for the new Student Account feature and grab those few extra dollars while the offer is available.