what is legal age to open a bank account?

Answer 1

There is no legally defined age limit. It is up to financial instituions to decide what banking privileges they will permit to their customers depending on age. Many banks and credit unions have accounts set up that cater to children and teenagers. As a parent, you can set up accounts for your children as soon as they are born.

Answer 2

I don't think there is any legal age governed by law. For example you can setup a college savings account for your child the day they are born. Of course you are a custodian of the account.

I doubt you can get a checking account unless you are at least 16. And until recently they had large fees or minumums, it was cost prohibitive for anyone who didn't have a serious full time job.

In just the few searchs I did it seems there are a lot of programs out there for kids. If this is for your child see the source link.

Answer 3

If it is on your own, the correct answer is 18. Anything you sign before age 18 isn't legally binding, so they require a co-signer, or joint on the account which typically is someone who is a legal guardian.

the credit union I work for has a checking account for kids typically from 8-17, but the parent or relative is reponsible for the account.

Answer 4

You need to be 18 to be the only person on the account. If you are less than 18, you have to have a parent or guardian also on the account. As you are not liable for your own debts until you are 18, your parents are liable.

Answer 5

check with your local bank. No real limit though if you consider kid's savings account