Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

As a minor, can I open a bank account without my parents?

I am 16 and need to open a bank account separate from my patents. I can't have a joint one. Thanks!

Update:

Would it also be possible to get one with a relative or a family friend to help me learn and monitor my finances?

10 Answers

Relevance
  • 1 month ago

    NO, you have to be an adult or sponsored by an adult who will go to jail if you do illegal things.  Period! You can monitor your finances just fine on a spread sheet. Yeah, a family adult can get one with you---who do you trust?

  • 1 month ago

    call the bank and ask them.

  • 2 months ago

    You have to be a legal adult to open a bank account--that's 18. YES--you can have a legal adult OTHER than your parents help you with this.  Make sure you can trust whoever it is. 

  • Maxi
    Lv 7
    2 months ago

    Depends on the country and its banking laws......where I live yes at 16 yrs old you can have your own bank account... you need to call into a local bank where you live and ask what accounts are available to you

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    2 months ago

    Ask a bank. Minors can hold bank accounts with restrictions.

  • Tavy
    Lv 7
    2 months ago

    Yes in the U.K., you don't need a parent at your age. You can legally leave home at 16.

  • 2 months ago

    Nope. You can't be held legally liable for the terms of a contract you sign. 

  • 2 months ago

    Nope.  As a minor, it is illegal to sign any contract without your parents permission and their signatures.

    Stash it somewhere until you're 18 then take it to the bank and open an account.

  • 2 months ago

    You can open a checking account if you have money to deposit.  You cannot qualify for any kind of a loan.

  • Anonymous
    2 months ago

    If you can't have a Joint Account you can't have an account.  At 16 you can not legally enter into any contracts or agreements, and this would apply to any sort of bank account.

    You will need to use the Bank of Mattress to hold your money until you are 18.

Still have questions? Get your answers by asking now.