It means that more than one person is authorised to write cheques on that account.
It depends on the bank. Some banks may give checking accounts to people as young as 16. However most have tighter restrictions. Generally, banks will not allow a person to open their own checking account until they are 18, but many banks allow you to open a joint account that you share with your child. You both have access to this account and checks to either of you can be deposited in it. If you do your banking online, most banks also make it easy for you to wach your child's spending on a joint account. The minimum age for joint accounts is usually 14 years.
It is generally not safe to give out your checking account number to anyone unless you trust them and are sure they are a legitimate entity. Sharing your account number can put you at risk of fraud or unauthorized transactions.
"I opened a new checking account at the bank today". OR "How do you account for your whereabouts last night?"
You can try to contact the bank that the account is with by searching the internet with the routing number. However, it is not likely that they will give you that information for privacy reasons.
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
That's a contradiction. You can't "give administrator rights but not give administrator rights."
Between 13 and 17, most banks will allow you to open a checking account and give you a debit card if you sign up with your legal guardian for a joint account, though some will let you get your own account if you want. You have to ask them, and if they won't let you get what you want, try another. For credit cards, it's usually 18+.
Usually not. Checking accounts give you a checkbook, but the idea behind a savings account is that you try to save the money instead of using it regularly, so usually checks and debit cards are only attached to the checking account. Of course online it is just as easy to access your savings account as your checking account.
Yes, as long as your listed as a "Co-signer" on the account. Credit is not build if you are just an "Authorized User" if this was a credit card account. Lastly, this all assumes that whatever this joint-account is that it reports to credit.
First of all you can just give a friend your username and password and stop playing!!!
It depends on the type of the account there are many checking accounts out there that give you a branded card for a fee every month.
Opening a joint bank account online is a pretty simple task. While the process of opening such an account is very easy, since two people are involved there should be mutual agreements between two people as to the choice of bank and other factors. It is important to sit down with the other person and thoroughly discuss every aspect of opening a joint bank account online. For example, it is important to discuss factors like whether or not the couple wants an automatic savings plan attached to the account or not. This article will discuss the process of opening a joint bank account online, as well as factors that a couple should consider while opening such an account. First, it is obvious that a couple must decide on a bank prior to opening a joint bank account online. It may be worthwhile to research banks to see if any are offering promotions along with opening a joint bank account online. Some banks may actually give a couple a cash gift for opening a joint bank account online. Other banks may give out some sort of free gift, if a couple opens a joint bank account online. There are all sorts of promotions that are always going on with banks. The important part is to agree on a promotion to take advantage of. In addition to researching promotions available with the opening of a joint bank account online, it is very important to consider other factors such as fees. Many accounts may have high fees for the use of an ATM, while other accounts charge no fees at all. Some accounts may charge a fee simply for keeping the account open, while other accounts do not charge such a service fee. Also, a couple will want to discuss the type of joint account they would like to partake in. Different accounts give out different rights to a couple. For example, a joint account with rights of survivorship merely passes on the entire account to the other surviving member on the account. This can be a good option for married couples to take advantage of, without having to write everything down in a legal will (although it is always good to have a legal will on hand). Once a couple has agreed on these factors, the process of opening the account is simple. One will simply submit paperwork to a bank and the bank will likely approve a couple.