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Knowledge Base Article

Minimum age child can have a Savings/Checking Account

At what age can my minor child have a Savings and/or Checking Account, and do I need to be a joint owner? Can someone else be joint on my child's account besides a parent?

A child under the age of eighteen may have a Savings Account as long as they have an adult as a joint owner on the account. The adult may be a non-guardian, however, for children ages 12 and under, the parent or guardian must sign to allow the account to be opened. The Youth Savings Account is specially designed for children ages 12 and under. Read more about Youth Savings Accounts.

A child of sixteen or seventeen may have a Checking Account as long as they have an adult as a joint owner on the account.

At eighteen years of age the applicant can have Savings and Checking Account without parental consent or a joint owner.