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If someone is 17 years old who is responible for overdrafts on a checking account the parents or the 17 year old?
Wiki User
∙ 11y ago
Nobody except the banks , I am a 17 year old and I am only just beginning to learn about the responsibilty of money with a new job , getting a new car , running my own life as a adult and so it is easy and perfectly normal to make mistakes along the way. Unfortunatly this can cost £15-£25 for going overdrawn but I'v heard banks do not charge under 18's for being overdrawn anyway. Maybe the banks should think twice about giving a 17 year old any access to money they dont have, theres credit history for a reason , maybe they should use it and not rely on teenagers sensibilty and parents pockets in this matter.
Wiki User
∙ 11y ago
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What bank accounts can you get when 11-12?
You can get a savings account, and with your parents help even a checking account.
Can a signer on parents checking account use their money to pay their bills?
yes as long as you are a signer. Www.bank-credit-tip.info
How do you stop your parents being so controlling?
Think how a responible kid would and if can't do that then think about knowing whats right
How old do you have to be to get a checking account?
Some banks have different policies and procedures for checking accounts and the age at what they can be opened etc. RBC Bank for example in Champions Gate FL can open a checking account for a minor (min age 15 - though usually 16/17yrs) as a sole owner (no one else on the account) though a parent/guardian would need to sign a "parent/guardian indemnification" to allow this. Visa however have requirements that you must be 18 to have a Visa Check Card, though this can be avoided by using an ATM card instead.
How do I set-up automatic transfer from my parents checking account to ENVIRO so no check has to be written & mailed?
There is no possible way for you to do this unless your parents have your name on their account or you have power of attorney over all items pertaining to them. If one of the two apply then you can contact the bank to set up this service.
When should a chlid get a cell phone?
whenever the parents feel that this child is mature and responible enough to not take advantage of the privilage of having a cell phone
What is the minimum age in the US for opening a checking account?
18 not necessory its not necessory to be 18,i have my daughter a/c in VIJAYBANK at karnal she is 12 years she handles her a/c and one more at state bank of patiala more you can ask me at indupalsingh gmail com
How do you report children not being sent to school?
Give them a bad grade on on time on their report card and the parents will be much more responible on taking there child to school
Should you exclusively use an internet checking account for your small daycare business?
NO. Online banking is a fantastic way to manage your bank account as it is easy and convenient, However, you will not be able to use it exclusly. You will still need to deposit any money received from the parents dircetly into your account.
Can you deposit your cheque in to your parents account?
It depends: a. Yes - If you are joint holder of the account along with your parents then you can deposit it into that account b. No - If you are not a joint holder of the account along with your parents, then you cannot deposit it into that account. A check can be deposited only into an account that is held by the person on whose name the check is issued.
How can you get a loan if im 18 years or older living with your parent that own there home?
Ask your parent to co-sign the loan, however that would make your parents responible and at risk if you default on the loan.
Can a minor open a checking account in the state of Alabama?
Yes, definitely. But, the minor 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.
