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A legal guardian is required to take care of all aspects of the children in question. (Within legal limits)

Underage children should have a bank account, it should be a joint account or similar to protect the children and the legal guardian would be the person to do this.

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Q: Can a guardian open joint account of his two children?
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Related questions

What year do you have to be born in to get a checking account?

Most banks have a minimum age of 18 to open a checking account with a parent or guardian. If you open a joint checking account with a parent or guardian, the minimum age is usually 13.


Can two minors can open a joint account?

No. Two minors can not open a joint account


Can you open a bank account at 15?

Yes, definitely. But, the fifteen 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.


Sample letter Regarding opening joint account?

i want to open a joint bank account in your bank. tell me how to open it i request you to inform me about the joint bank account and any type information/


How much do you need to open an ATM and joint account?

1000 for atm or more 2000 rupees were enough for open the joint account


Is it possible to open a joint account even if your partner is in abroad?

No, it is not possible. In order to open a joint account all the parties involved will have to visit the bank in person to open the account. You can open a single-holding account now and then, when your partner returns back home, you can add them as a joint holder of the account at a later point in time.


Can i open joint checking account with your brother in Italy whiles I am in a broad?

can i open joint account with my brother in Italy whiles iam in a broad


How do you give your guardian verification to aqworlds so you can open the shop in the guardian tower?

On the homepage, aq.com there will be a list of links on the left side of the screen (in categories) find Account and click verify guardian then put in your AQWorlds account and your Guardian account


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.


Why minors can not open joint account?

Minos can very well open a joint account. So there cannot be any reason why minors cannot open a joint 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


Can a minor open a fixed deposit?

Yes. There are no restrictions as to who can open a Term Deposit account. Let's say your grandpa gave you $1000 and you want to deposit $1000/- towards your college funds, you can visit your nearby bank branch and open a TD as a joint account between you and your father/mother. Since you are a minor, the bank would require a signature of your parents or atleast one adult member of your family before opening your fixed deposit account.


Can you open a checking account at the age of 14?

All banks have facilities where kids can open bank accounts. However, they will require an adult to be a joint holder or guardian for the account until the kid turns 18. The kid can visit the bank branch themselves to deposit any cash they want (you can even deposit $5 or $10 into a kids savings account). Actually banks these days are encouraging kids to have their own bank account in order to educate them about money and how to save for a better future.