How to Open a Bank Account for a Minor: Steps, What You Need

What Do I Need to Open a Bank Account for My Child?

A minor might be interested in opening a bank account, but their parents or legal guardians will need to open it for them and list themselves as joint owners. The steps will vary depending on the financial institution. 


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. Despite this availability, age restrictions still apply in many cases, though they vary by banking institution.

Choose the Type of Account You Want


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.

Submit an Application


Placing funds into your child’s account can usually be done with a debit card, credit card or existing bank account. There may be some institutions where restrictions vary. 

Fund the Account and Activate the Debit Card

To open a teen checking account, the parent or accompanying adult must be at least 18 years of age (or the age of majority in the state of residence) and typically the child must be under the age of 18. 

How Old Do You Have to be to Open a Kids Bank Account?

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