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From counting the coins in their piggy bank to receiving their first paycheck, your child will eventually want a bank account of their own. Setting them up with a checking account can teach them how to manage money, spend responsibly, and even budget — all under your parental guidance.
Minors can't open bank accounts on their own, but a parent or guardian can open one on their behalf. Learn more about the different types of checking accounts for minors and how you can open one together.
In general, your child must reach the age of majority to open a checking account on their own. (This often means age 18, but it varies by state.) But they can still have a checking account before they hit that milestone — they just need your help to open one.
There's generally no age limit for a child to open a bank account, provided you or another adult is a co-owner or custodian of the account. However, some banks limit kids' accounts to certain ages. For example, the Capital One MONEY Teen Checking account is available for kids eight and older, and Chase First Banking is for kids ages six through 17.
#bank
From counting the coins in their piggy bank to receiving their first paycheck, your child will eventually want a bank account of their own. Setting them up with a checking account can teach them how to manage money, spend responsibly, and even budget — all under your parental guidance.
Minors can't open bank accounts on their own, but a parent or guardian can open one on their behalf. Learn more about the different types of checking accounts for minors and how you can open one together.
In general, your child must reach the age of majority to open a checking account on their own. (This often means age 18, but it varies by state.) But they can still have a checking account before they hit that milestone — they just need your help to open one.
There's generally no age limit for a child to open a bank account, provided you or another adult is a co-owner or custodian of the account. However, some banks limit kids' accounts to certain ages. For example, the Capital One MONEY Teen Checking account is available for kids eight and older, and Chase First Banking is for kids ages six through 17.
#bank
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