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Minos can very well open a joint account. So there cannot be any reason why minors cannot open a joint account.
If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs.) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoBecause, as per the law in most countries, 18 is the minimum age when a person is said to be knowledgeable enough to make financial decisions for themselves. So, minors (people less than 18 yrs old) are not allowed to handle bank accounts. You can open an account if you take your mom, dad or legal guardian to the bank along with you
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Can two minors can open a joint account?
No. Two minors can not open a joint account
Sample letter Regarding opening joint account?
i want to open a joint bank account in your bank. tell me how to open it i request you to inform me about the joint bank account and any type information/
Who is not permitted to open the current account in bank?
It depends on local legislation, but generally minors are not allowed to open a bank account.
How much do you need to open an ATM and joint account?
1000 for atm or more 2000 rupees were enough for open the joint account
Is it possible to open a joint account even if your partner is in abroad?
No, it is not possible. In order to open a joint account all the parties involved will have to visit the bank in person to open the account. You can open a single-holding account now and then, when your partner returns back home, you can add them as a joint holder of the account at a later point in time.
Can i open joint checking account with your brother in Italy whiles I am in a broad?
can i open joint account with my brother in Italy whiles iam in a broad
Can a minor's bank acct be garnished?
No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.
Can a minor account holder open a FD?
Yes, but they would need an adult (usually a family member - father/mother) to be a joint holder of the account. Minors who are under the age of 18 cannot hold individual bank accounts or fixed deposits accounts with banks unless they have a joint holder in the form of a major.
Can you open a bank account in Trinidad online?
We live in America. How do we open a joint Bank account in Trinidad and Tobago?
How do you write letter of request to open joint account?
Check
Can grandparents open a VAUTMA account?
No, only parents or legal guardians can open a Virginia Uniform Transfer to Minors Act (VAUTMA) account for a minor. Grandparents cannot directly open a VAUTMA account in the child's name.
Does PPF can be started in Minor's name whose parents are NRI?
A PPF, which is also known as the Public Provident Fund can be started in a minors name. It can only be opened on behalf of the minor and under any circumstance be established as a joint account. An NRI is not permitted to open PPF accounts, therefore parents are not permitted to open an account on behalf the minor.
