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Many banks will not allow under 18's have a checking account. Wells Fargo and Key Bank will offer a fee free teen checking account. For information on these accounts call the bank or check their sites online.

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โˆ™ 2013-09-04 22:08:33
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Q: Can a chequing account be opened for a child?
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What is a checking account frequently referred to as?

A checking account is also called a transactional account or chequing account.

Where can one open a bank account requiring no credit check?

A chequing bank account can be opened without a credit check at almost every major bank. This includes Toronto Dominion Canada Trust, Bank of Montreal, CIBC, and any others.

Can you keep your chequing account If you go bankkrupt?

Yes, if the bank holding the account allows it. When a person files for bankruptcy, depending on the type of bankruptcy you filed.

What is the name of the financial institution where the checking account is offered?

a bank, a savings and loans office or a co-op. these are places where you can open a chequing or a savings account or both.

My husband opened the account and add me to it Can Arizona child support freeze the account for my back child support If Im not working.The money is from his job only?

Yes, unless you can prove that it's not your money.

What are the advantages of having Banks?

It allows consumers to save their money for long-term uses in saving accounts, and such. Also allows banks to offer cheques; this is where chequing accounts are used, for the amount of money written on a cheque is the amount of money taken out of your chequing account.

Will TD bank open you a business account if owe money to another bank?

Yes. TD does not check your other bank's balance info in order to simply open a chequing or savings account

What is the difference between a chequing and a savings account?

A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.

What is an account opened by two people?

Joint account.

Can a child's savings account be seized if a parent is behind on their mortgage?

Absolutely. The account will have been opened by one of the parents - therefore legally speaking the account is the parents property, with the child as beneficiary. If the parent falls behind with the mortgage, the lender can seize anyassets deemed to be owned by the parent !

What services does the Chelsea Groton Savings Bank provide?

The Chelsea Groton Savings Bank is a mutual bank. They provide all the services that a regular bank provide, such as savings account, chequing account, mortgages and more.

A personal account cannot be opened in?

One place in which a personal account cannot be opened is the Reserve Bank of India.

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