banking / saving accounts?

If you are under the age of 18, (17 1/2) is it mandatory to have a parent or guardian with you to be able to open up your own savings/ checking account? As family becomes less and less trustworthy I wouldn't want anyone's name or ability to access the account on it other than my own.

Thanks for your time and answers!

5 Answers

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  • 6 years ago
    Favorite Answer

    In the US, until you are 18 you cannot open a bank account on your own. It has to be a custodial account. This provides the person who opened it on your behalf, access to the money.

    The exception to this is if you are emancipated.

  • 6 years ago

    Call around. Some banks will allow you to have your own SAVINGS account below age 18.

    Source(s): I asked at Chase bank.
  • 6 years ago

    Savings accounts almost always pay lower interest rates than Treasury bills and certificates of deposit, they should not be used for long-term holding periods.It is depending in future purpose .

  • 6 years ago

    Keep you money in a box until you're old enough to oen your account and then deposit it in. Good luck

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  • Anonymous
    6 years ago

    Not in the UK it isn't.

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