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Can adolescents open up savings account on their own?

Updated: 8/19/2019
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12y ago

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if they want to

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Q: Can adolescents open up savings account on their own?
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What is the minimum deposit to open a savings account with SunTrust?

The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.


What bank account would children open?

A savings account with a parent as custodian. You have to be 18 to have your own account.


Where could one get a euro savings account?

Anyone can open a Euro savings account through the internet without actually having to fly to Europe to do it. Many international banks will let you open your own Euro savings account. Here's to mention a few: "Barclays", "ScotiaBank", NationwideInternational", and many more.


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.


Can someone else open a savings account for you?

No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.


A child should have their own savings account starting at a young age. ?

A child should have their own savings account starting at a young age.


When do you have access to your own savings account?

The day you die.


Where might one go online to read reviews about savings accounts so they have information on which savings account they should open?

Many banks have their own website for you to check reviews on your saving account. If you already belong to a bank, it is best advised to visit their website.


How much does it cost to own a savings account?

In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank. If you fail to maintain the minimum balance, the bank has the right to charge a penalty on your account.


Can you borrow against personal savings account?

Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.


How do you open an account on the same computer?

I want to open another account on this computer.how do i get logged in withmy own account?


How old must you be to have your own savings account?

any age, however if you are a minor under 18 your account must be in your parent or guardians name also. once you turn 18 you can have your own account solely.