How Old Do You Have to Be to Have a Bank Account? 

When setting up a bank account, it’s best to be prepared and start by coming into the branch or opening an account online. Continue reading to learn what you need to do to open a bank account.

Am I Eligible to Open a Bank Account?

To be eligible to open a bank account, you need to meet certain requirements. Most U.S. banks require you to be: - A U.S. citizen - 18 or older (an adult) - Have a government-issued ID - Make a minimum opening deposit - A co-owner if you’re not of legal age

How Old Do You Have to Be to Have or Open a Bank Account?

You need to be at least 18 years old to open an account by yourself, or the age of majority in your state of residence.

How to Open a Bank Account as a Minor

According to general procedures for how to open a bank account for a minor, these steps should generally allow you to open a bank account for your children.

1. Choose the Type of Account You Want  (Checking Account vs. Savings Account)

It’s quite common for banks to offer checking and savings accounts for kids these days, especially with the advent of banking apps for kids and teens.

2. Submit an Application

Once you’ve chosen a bank and an account that fits your needs, you can apply for the new account. A bank account is a valuable start to your child’s financial independence and can help prepare them for the future.

3. Fund the Account and Activate the Debit Card

As a condition for opening joint accounts with a minor, you often need to fund the account at opening as part of the final stage of the application process.

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