0
No. Two minors can not open a joint account
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How do you open a joint account in BDO?
First you must secure the following requirements: 1. Application Sheet for Joint Account (To be given by the BDO representatives) 2. Two valid IDs 3. 1x1 or 2x2 ID pictures Next step is you should go to the nearest BDO branch and proceed for the joint account transaction.
Can a guardian open joint account of his two children?
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.
How do you have a joint bank account?
You can have a joint bank account when two or more individuals especially in a partnership business opens an account with the firm name and have more than one signatures.
Can two unrelated person have a joint account?
Yes, of course.
What do you need to open a joint account?
You need atleast 2 individuals who can operate a joint bank account. And, all the individuals who wish to operate the account would need two kinds of Id's:Photo Identity Proof - Passport or Driver's License or Voters ID CardAddress Proof - Electricity Bill, Telephone Bill etc.The bank will issue ATM/Debit cards in the names of all parties who jointly operate the account.
When two people open a bank account together you call it a?
It is called a joint account. A joint account is one when two or more people agree to operate a bank account in a joint/collective manner and are together responsible for the activities in the bank account. One party can carry on with transactions in the account with or without the knowledge of the other holders of the account
What is an account opened by two people?
Joint account.
Is a financial association created on your credit report when two people apply for any type of joint financial account?
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
How do you open a joint account in BDO?
First you must secure the following requirements: 1. Application Sheet for Joint Account (To be given by the BDO representatives) 2. Two valid IDs 3. 1x1 or 2x2 ID pictures Next step is you should go to the nearest BDO branch and proceed for the joint account transaction.
Can a guardian open joint account of his two children?
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.
What is it called when two or more people share a bank account?
A joint-account
How do you have a joint bank account?
You can have a joint bank account when two or more individuals especially in a partnership business opens an account with the firm name and have more than one signatures.
What rights does the beneficiary of a joint bank account have when the other joint owner is deceased?
When two individuals have a joint account together and one dies the other is the sole owner of the account. The survivor is not considered a 'beneficiary'. They have all the rights that any account holder would have in any account.
Can person keep visa open when joint card holder dies?
Certainly, if a credit card had two authorized users but one of them has died, then there is still one authorized user. The account is still open.
Can two unrelated person have a joint account?
Yes, of course.
What is a joint savings account?
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
What is a joint account?
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
