How old do you have to be to open a bank account?

Question

I am 16 years old and I want to open a bank account, but my parents do not agree with it. I would reather put it into a bank and watch it grow, but they don't see it. DO i need to have parental consent or an adult?

Answer 1

I'm thinking 16. I have over $1,000 saved and it's in my parent's account right now because I'm 15. My mom said that when I turn 16 my money will be moved into my own account.

Answer 2

First of all, good for you. No idea why your parents are against this. That is silly.

My "bank" is a Credit Union. See if you can find a CU near you -- they are great and often have better rates. My CU requires the following:

You are required to be over age 13 to open an account online.

Driver's License or a Passport

U.S. Social Security Number

U.S. Citizenship or resident alien status

Answer 3

you can be any age but if your under 18 guess what u need your parents