Open Bank Account For Child Bank Of America

The account is in your name as well as your child s because the law generally prevents minors from opening bank accounts.

Open bank account for child bank of america.

Easily open a bank account in minutes and make money management simple. Choose bank of america and get checking mobile banking atms security notifications and more today. Your debit card provides access to your child support payments 24 hours a day 7 days a week. Even better we ll waive the monthly maintenance fee on the bank of america advantage safebalance banking and the bank of america advantage plus banking account settings for students who are under 24 and enrolled in school.

Bank of america minor savings account. Simply schedule an appointment visit a financial center or call to speak to a customer service representative. It s easy to open a checking account for your child who is going to college. Child savings accounts help prepare children for their bright future.

For people under the age of 18 opening a bank account is hard. 2018 we will waive the monthly maintenance fee for six months from account opening. Mail within 7 10 days of account opening. If you do not wish to consent to receiving documents electronically you may visit any bank of america banking center to apply in person.

The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated. 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. You can reach a bank of america representative at 800 432 1000 mon fri 8 a m 11 p m. There is no monthly fee and no minimum daily balance required but it needs to be jointly owned by the minor and a parent guardian.

When your child reaches a certain age you can grant him or her account ownership. For instance we are unable to see deposits until they post. Please note that bank of america customer service is not able to view anything more than what you can see on our website. The bank of america advantage banking account is flexible as your needs change.

Learn more about savings accounts for kids. At age 18 minor savings account converts to a bank of america advantage savings account and applicable fees will apply. That s why kids savings accounts are available both online and in person at capital one locations so that you can bank on your schedule. You both have the ability to make withdrawals or deposits.

The bank of america kid s account can be opened for children younger than 18 at a branch with a 25 minimum deposit. State laws and corporate policies vary but most banks aren t going to open accounts for anybody under 18 unless there s also an adult on the account. Back to content.