Open Bank Account For Child Capital One

As long as you have proof of identity and some credit history you should be able to open an account.

Open bank account for child capital one.

When opening a bank account for your child it s important to choose a strong financial institution and the right type of account. While some financial institutions require you to be a parent or legal guardian others allow anyone over 18 to be the joint account holder. The account has no account minimum and you ll enjoy a 0 5 percent apy on any. To get all the details and apply to open an account online click here.

While you can pop into a branch to ask questions you ll need to be comfortable managing your money online. Visit your nearby capital one location to open your teen s money account and get started with awesome free digital tools and a top rated mobile app to help them manage their money almost anywhere anytime. Global financial literacy excellence center. The deposit agreement and disclosures limits the number of the following types of withdrawals and transfers from a savings account to a total of six 6 each monthly statement cycle or each month for savings accounts with a quarterly statement cycle including online and mobile banking transfers or payments.

Visit your nearby capital one location to open your kids savings account and get started with awesome free digital tools and a top rated mobile app to help them manage their money anytime almost anywhere. Opening an under 18 bank account once you find the right bank account you ll likely need to provide details for you and your teen such as address dates of birth and social security numbers. The capital one kids savings account offers a fee free experience to help kids start off their banking journey right. We have many different types of accounts to choose from.

Minor bank account laws account ownership and downstream outcomes page 6. Teen checking account with debit card. Capital one kids savings account formerly known as the 360 kids savings account. Like all bank accounts the capital one kids savings account has its limitations.

This account is online only which means you can t open it at a capital one branch. If you ve had a few bounced checks or have a limited or negative credit history there s a chance you ll have to go into the bank to set up your account in person. That s why money accounts are available both online and in person at capital one locations so that you can bank on your schedule. Statutory requirements for opening bank accounts for minors by state accessed feb.

Conference of state bank supervisors. While it might be possible to open a checking account for your child it s better to open a savings account.