there is no required age. you just have to have a bank acount and a photo id
No. They cannot sue you just because you are 65 years old or older. Yes - They can sue you, if you owe them money
With an IRA one can make qualified withdrawals from the age of 59.5 years. However, one must start taking withdrawals that are classified "required minimum distributions" from 70.5 years of age, the amount to be withdrawn depends on how much has been put into the account.
A person can begin receiving Roth 401(k) payments penalty-free at age 59½, but they are required to start taking distributions by age 72.
The retirement age at Walmart is typically 65 years old, but employees can choose to retire earlier if they meet certain criteria, such as having worked at the company for a required number of years.
A person must begin receiving their Roth 401(k) payments by the age of 72, as mandated by the IRS. This is known as the required minimum distribution (RMD) age.
Yes, you may have a debit card at any age, assuming the checking account is in that persons name.
There is no specific legal age to use a debit card, but most banks require individuals to be at least 18 years old to open a bank account and obtain a debit card. In some cases, minors can have a joint account with a parent or guardian to use a debit card.
if your debit card has the visa and star logos on the back (checkcard) you can run it as a credit card and your signature and ID will be required instead of a PIN number
yes
No, it is generally not possible to obtain a debit card at the age of 17 without parental consent or involvement, as minors typically require a parent or guardian to open a bank account and obtain a debit card.
No. A debit card is connected to actual funds from a checking or savings account. When used as a debit card, at a merchant, a PIN is required for the purchase to be approved. However, it can also be used as credit in which a PIN is not required. PIN = Personal Identification Number. A credit card is connected to a line of credit (borrowed money). In which the card holder is required to pay a minimum payment each month, or they may pay the full balance to avoid interest charges.
Yes, it is possible for individuals as young as 16 to obtain a debit card with a parent or guardian as a joint account holder.
Debit Card vs Credit Card
Theoretically no, although it's rare for a bank to issue a debit card to someone under 16 (in the UK). A debit card doesn't require a credit check, nor does the holder need to be employed in order to get one. A debit card can only be used if there are already funds in the associated bank account. Think of a debit card as 'electronic cash'.
Because credit cards rely on the vendor to perform identification of the user. Debit cards, on the other hand, can be used in ATM's, so a PIN is required.
A PIN number is always necessary to use a debit card and in some instances a signature or proof of identity is also required. The amount spent/used in a debit card transaction is directly deducted from the holder's bank account.
It is a debit card made more specifically for ATM use. In which a PIN is always required and you can not use it as credit. So merchants that only allow credit transaction can not accept ATM cards.