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Can I open an account with Bank of America as a kid?

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Loraine Quigley

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Q: Can I open an account with Bank of America as a kid?
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Can a kid have a bank account?

Yes


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.


Where can a 12 year old get a bank account?

All banks do that. 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.


What are some good childrens savings accounts?

Often, parents open a children's savings account at their local bank. Since the parents already use the bank, the bank's policies are already familiar to the parents; therefore, parents generally feel more comfortable opening their child's account at the same bank. However, another good option for parents is the Capital One 360 Kid's Savings Account. With only a $25 minimum to open an account, this children's savings account offers parents an affordable solution to their children's banking needs.


Are there any banks for children to store their money?

All banks do that. 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.


Which banks are best for a child's first bank account?

The Capital One 360 Kid's Saving Account is designed to teach children how to save money. It has very competitive interest rates and charges no fees. Capital One 360 Money and Ally Bank are also great choices for your child's first bank account.


Can a 12 year old have a checking account?

Yes, provided either of your parents accept in your account opening and guarantee to supervise the account and be the accounts guardian. Only majors are allowed to operate bank accounts independently. Children need the supervision of adults for opening accounts.


Can a kid get a credit card?

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