How Old Do You Have to Be to Open a Checking Account?
The specific age required for opening checking accounts varies depending on where you live. Since there are no uniform requirements, you will need to inquire at the specific bank you wish to open an account with to determine their exact policies.
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Minors
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Some banks allow minors to open checking accounts without any adults being on the account. The exact age will vary, and even though minors can open these accounts without adults on the account with them, many banks recommend that they keep a joint account with an adult.
Adults
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Some banks will allow minors to set up an account jointly with an adult. This allows the adult to be held legally responsible for fees and fraud. Other banks require anyone holding a checking account to be 18 or older.
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Student Checking
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Most minors who are eligible for checking accounts qualify for student checking accounts. This type of account is recommended because it generally has less fees and does not require a minimum account balance as other checking accounts do.
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