10 Y.O. Girl Earns $2K Selling Chickens At A Local Fair, But The Bank Holds Her Money Hostage For Over A Year
A 10-year-old girl made over $2K selling chickens at her local county fair, but due to an error on the check, the bank refused to release her money. Kinley Maner sold six chickens, which she raised herself, for $2,100.
However, when her parents deposited the check issued by the Small Stock Association electronically, their bank suddenly closed Kinley's mom Kalli's account. "So we cashed it," J.R. Maner, Kinley's father, explained. "We didn't think it would be a big deal. The next day, Chase closed Kalli's bank account."
As a result, Kinley's check was frozen. "I was a little upset because I deserved that money, and it was supposed to be mine," Kinley said.
Kalli Maner stated that the bank claimed the check was suspicious because the phone number for the Small Stock Association was no longer valid. A whole year went by, and Kinley's parents continued to try to resolve the matter with Chase Bank.
"Their ultimate response was that, sorry, Kinley is not going to get her money back," J.R. said. "And there's nothing we can do unless we can verify that check."
"She's a 10-year-old girl who worked hard for this money," he added. "And we believe she deserves to get the money that she rightfully earned."
Kalli mentioned that the man who wrote the check has even gone into the bank on three different occasions to verify that his business is legitimate. "They said the only way to verify it is through that number on the phone," Kalli said.
It wasn't until Kinley's family reached out to KPHO's On Your Side that Chase Bank apologized and agreed to release Kinley's money overnight. "The funds have been returned, and we apologize to Kinley and her family for the delay," a spokesperson for the bank said.
"I was surprised when I got it, but I was also excited," Kinley said. The 10-year-old stated that most of the money will be going into her college fund.
A 10-year-old girl made over $2K selling chickens at her local county fair, but due to an error on the check, the bank refused to hand over her money.
Kinley Maner sold six chickens, which she raised herself, for $2,100.
However, when her parents deposited the check, their bank suddenly closed Kinley's mom Kalli's account.
Financial Literacy for Kids
Dr. Dan Siegel, child psychiatrist and author, emphasizes the importance of fostering financial literacy in children from a young age. He believes that teaching kids about money management can empower them to make informed decisions later in life. Incorporating practical experiences, like Kinley’s chicken sales, can serve as an excellent foundation for financial understanding.
By engaging children in activities that involve earning, saving, and budgeting, parents can create teachable moments. Resources such as budgeting apps designed for kids can make this learning process enjoyable and impactful.
Emotional Impact on Children
Dr. Madeline Levine, a renowned child psychologist, highlights the emotional toll that financial stress can impose on children. In Kinley's case, the frustration of not accessing her earnings may lead to feelings of helplessness. Dr. Levine suggests that parents should engage in open dialogues about financial challenges, allowing children to express their feelings.
Moreover, equipping kids with problem-solving skills can foster resilience. Activities that promote critical thinking, such as discussing potential solutions to financial obstacles, can empower children to face similar situations in the future.
Kalli Maner stated that the bank claimed the check was suspicious because the phone number for the Small Stock Association was no longer valid.
A whole year went by, and Kinley's parents continued to try to resolve the matter with Chase Bank.
"She's a 10-year-old girl who worked hard for this money," J.R. said. "And we believe she deserves to get the money that she rightfully earned."
A financial expert noted that situations like Kinley's can often arise from misunderstandings between banks and clients. Miscommunication about deposits or checks can create unnecessary complications. To avoid such issues, it's crucial for parents to be proactive in understanding banking procedures.
Regular discussions with banks can help clarify any doubts. Additionally, keeping comprehensive records of transactions and communications can serve as a safeguard, ensuring that children's hard-earned money isn’t held up due to administrative errors.
It wasn't until Kinley's family reached out to KPHO's On Your Side that Chase Bank apologized and agreed to release Kinley's money overnight.
"I was surprised when I got it, but I was also excited," Kinley said. The 10-year-old stated that most of the money will be going into her college fund.
You can watch Kinley's story in full here.
We're so glad that Kinley finally received the money that was rightfully hers. Let's hope this experience won't stop her from enjoying raising and selling her chickens in the future.
As always, we would love to hear your opinions on this story. You can share your thoughts with us in the comment section.
Therapeutic Insights & Recovery
Understanding the intersection of financial literacy and emotional well-being is crucial for young entrepreneurs like Kinley. Experts like Dr. Dan Siegel and Dr. Madeline Levine underscore the significance of equipping children with both the knowledge and emotional tools necessary to navigate financial challenges. By fostering open communication and involving children in practical financial experiences, parents can help them develop resilience and confidence. As a result, children will be better prepared to face obstacles, ensuring their entrepreneurial spirit thrives in a supportive environment.
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