No - but - he will be liable for all transactions on the account, even if it's you that's making the purchases.
16 in a credit union
yes. like having a CIBC account in Canada can help you to get a credit card from Bank of America, what you have to do is to open an account in Bank of America and transfer your paychecks for deposite directly into your bank account.
The legal age to get a credit card in Canada is 18 years old. Those under 18 can become secondary cardholders on someone else's account or get a pre-paid credit card.
A credit account
As long as you have a PayPal account or a credit card that can be used, then sure! =D In Short "NO"
An account is no longer reported after a period of 7 years of inactivity in the USA; 6 years in Canada.
There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).
It increases the credit account
A chequing bank account can be opened without a credit check at almost every major bank. This includes Toronto Dominion Canada Trust, Bank of Montreal, CIBC, and any others.
what is a chekcing account at a credit union
Any credit is an increase to an account. A debit is a decrease to the account.
To open a checking account that builds credit, you can look for a checking account that offers a feature called "credit builder." This type of account may report your account activity to credit bureaus, helping you establish a positive credit history. Be sure to inquire about this feature when choosing a bank or credit union for your checking account.