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Having an individual account for a 5 yr old is not something banks will offer. They might have a joint account between you and your child and have the child as the beneficiary of the account proceeds.
you can contact your local banker for more details.
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∙ 14y ago
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What if your bank account was when you were eight years old?
its impossible a bank account can be open after 12 yrs old
How do you write letter to bank manager for transfer account to other bank?
If you are in the US you don't need to write a letter. Go to the new bank, open an account, and transfer the funds from your old account into the new one. Then, go to the old bank and officially close the account.
Settling an old overdrawn bank account?
Settling an old, overdrawn bank account can help to improve your credit standing over a period of time. Many banks will also allow you to open an account again once the overdraft is paid.
How old do you need to be to open a bank account in Alabama?
If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs.) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account (Unless they have a valid reason because the customer is bankrupt or has criminal record etc.)
Can a collection agency try to collect on 9 year old bank account fees in California?
NO NO NO
Can a 14-year-old get a bank account that is not joint with a parent?
No. the legal age to open a bank account that can be operated independently is 18 years. If a 14 year old wants a bank account, he/she can only get it if they have their parents (either of them) as a joint holder of the account.
What if your bank account was when you were eight years old?
its impossible a bank account can be open after 12 yrs old
Can twelve year-olds open savings accounts?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account. So, you need to take your mom or dad to get a bank account.
What age do you have to be to open a bank account?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account.
How old do you have to be to open a joint bank account?
almost if u have 18 years old coa open it
Can your thirteen year old open a a bank account with his name on it?
Yes, definitely. But, the thirteen year old would need his parents or legal guardian to be a joint applicant and holder of the account. Banks will have no problems giving you an account as long as an adult is a co-holder of the account.
Where can you open a bank account at 14 years old?
I don't think it is legal for a 14 year old to do anything like that. You need to get an adult (preferably a parent) to open an account and you can have an agreement that it is your money. Make sure it is someone you trust.
Can an 85 year old open their own savings account?
Yes, an 85 year old can typically open a savings account as long as they meet the bank's requirements, such as having valid identification and the minimum deposit amount. Age is not usually a barrier to opening a savings account.
How old are you to have a bank account?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account.
How old does someone need to be to open an account with GE Money Bank?
The age to open an account at GE Money Bank depends on the account. Some accounts are any age but if under 16 years old identification and a parent/guardian need to be present.
Can a 12 year old child open a checking account in their own name?
It can be in their name but you will have to be a co-signer on the account. You will have access to the account and will probably have to make any account changes for your child. Legally minors need someone of age such as a parent in order to open bank accounts.
How old must you be to open a bank account?
If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account
