I have an 18 year old college freshman and you bet I have access to her bank account. We opened it for her, and we’re the ones who put money in it for her. Mostly we just add more spending money when it gets low. We don’t track where she’s used her debit card or anything, but if she’s spending a lot we’ll ask. I realize that’s not how all parents/college students do it, but we want her to concentrate on school and not working her first year. She likes that and she’s adjusting well. 18 year olds are still teens with not much life experience. I don’t see any reason to think his parents were smothering him with regards to the bank account.