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Lloyds TSB gives Visa cards to 11-year-olds London
Telegraph A leading bank is giving children as young as 11 debit cards without informing their parents, it has emerged. Lloyds TSB is sending the cards directly to children raising fears that they are being used to buy cigarettes, alcohol and pornography over the internet. Last night it was reported that one 15-year-old boy had used a card to buy Viagra on the net. Vince Cable, the Liberal Democrat Treasury spokesman described it as "deeply dispiriting". The cards are Visa-enabled and can be used any time a Visa sign is displayed. The bank receives a fee from the retailer every time a card is used. In the past, children aged 11 to 15 with current accounts could only have debit cards that could be used only in cash machines or at bank branches. A spokesman for Lloyds TSB said: "We wrote to customers under the age of 16, who previously had a cash machine card, to let them know they could have a debit card.
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