I'm considering opening one for my younger brother, but I'm concerned he may be too young... I know the sooner you start, the better, and I want to give him the benefit of 'growing' money over time!
2007-05-24 15:18:27 · 4 answers · asked by BH 2 in Business & Finance ➔ Investing
First, your brother has to have earned income. So your brother has to be working. Second, if he is under 18, he needs his parents/guardian to go with him. He will open up in his name of course, but they need to be there.
2007-05-24 18:41:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Somebody 18 years or older has to sign or co-sign because of U.S. contract law, but it can be for anybody at any age.
2007-05-25 23:28:38 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋
No age restrictions. There is a deposit minimum usually though.
2007-05-24 15:26:24 · answer #3 · answered by tuffluck44 2 · 0⤊ 0⤋
ANY AGE. YOU MAY NEED A PARENT OR GUARDIAN TO HELP OPEN IT, BUT IT CAN BE IN ANYBODYS NAME.
2007-05-24 15:28:11 · answer #4 · answered by allstarjeffw 1 · 0⤊ 1⤋