Open Bank Account For Child Bank Of America

The bank of america kid s account can be opened for children younger than 18 at a branch with a 25 minimum deposit.

Open bank account for child bank of america.

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. The account is in your name as well as your child s because the law generally prevents minors from opening bank accounts. 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. For people under the age of 18 opening a bank account is hard.

Bank of america minor savings account. Or sat sun 8 a m 8 p m all times et. The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated. Learn more about savings accounts for kids.

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. Mail within 7 10 days of account opening. Please note that bank of america customer service is not able to view anything more than what you can see on our website. When your child reaches a certain age you can grant him or her account ownership.

Child savings accounts help prepare children for their bright future. 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 bank of america advantage banking account is flexible as your needs change. You can reach a bank of america representative at 800 432 1000 mon fri 8 a m 11 p m.

It s easy to open a checking account for your child who is going to college. Easily open a bank account in minutes and make money management simple. 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. 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.

Enjoy a bank account with the flexibility you need for your busy schedule. Simply schedule an appointment visit a financial center or call to speak to a customer service representative. Back to content. 2018 we will waive the monthly maintenance fee for six months from account opening.

Your debit card provides access to your child support payments 24 hours a day 7 days a week. At age 18 minor savings account converts to a bank of america advantage savings account and applicable fees will apply. Other account opening documents will be sent through u s.