&gt; Under basic income, I could see each family member defaulting to having their own bank account to receive deposits.<p>This is in fact already very common in Finland. As a rule, each family member indeed has their own bank account.<p>Each parent also typically manages their own money and then common costs like housing and car maintenance are agreed upon; sometimes this leads to habits that are perceived as totally weird by foreigners. E.g. parents splitting up the bill after an extended family dinner at a restaurant, and rent splitting agreements where a complex formula is used for deciding what is the fair share of each parent as their incomes are not the same.<p>Children&#x27;s benefits are paid to accounts assigned by parents (typically they go to the mother but some families are able to save them for a nest egg which the child gets to keep when turning 18).<p>There is already an unconditional child benefit (approximately 95 € for one child, the per child amount increases so that for five children it is altogether 665 € per month.) However, this is under constant attack because &quot;rich people don&#x27;t need it&quot;.<p>There is no child deduction whatsoever in taxation.<p>The &quot;enforcing spending on children&quot; is generally implemented by having a daycare system at low cost to parents.