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How old do you need to be to open a bank account? |
How old do you need to be to open a bank account? Generally, you have to be 18 to have an account without an adult as custodian or adult co-signer - because minors cannot legally enter into contracts or be held liable for them. Some banks will allow savings - talk to your bank to see what rules will apply. (Banks and state statutes will differ.) i hope you mean a checking account. Mathematically, it makes no sense to open a CD; the pay is so little you wind up netting zero after taxes. 18 is that answer which my peer provided. biz consultant You do not even have to be born yet. Your parents can open an account in your name. However, in some nations, you need a tax-id # which might not be issued until time of birth. |
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