4 This can empower children to learn money basics before moving onto more complex account types, like checking accounts. Typically, savings accounts may be opened for a child of any age, although usually the parent must be a custodian or joint holder of the account. After a child masters ...
Convenience:For some, the bank's location and whether it has local branches nearby may be an important element when choosing a bank. It might be helpful to see if they offeronline banking servicesas well. An online bank account for minors may help make banking feel more accessible. ...
You can open a new Chase checking account, savings account or certificate deposit on the bank’s website or at a local branch.
Many card issuers allow minors to be added as authorized users. You can add your child when you apply for a card or add them later. The only information typically needed is their name, address and Social Security number. Your teen will have their own card, but you'll share an account n...
Money management for teens Many banks offer introductorybank accounts for teens. With these accounts, minors can open an account with their parents or guardians as the owners or co-owners. As a bonus, parents and guardians can start guiding teens throughfinance fundamentalswith real-world examples...
Assets and income in a custodial account belong to the minor beneficiary (the child). Minors with unearned income such as interest, dividends, and capital gains, generally have to file an income tax return if, among other things, their unearned income is over $1,350 (in 2025). This includ...
It’s never too early to begin saving.Open a savings accountor open a Certificate of Deposit (see interest rates) and start saving your money. Credit Cards Chasecredit cardscan help you buy the things you need. Many of our cardsoffer rewardsthat can be redeemed forcash backortravel-rela...
you usually need to be at least 18 years old to open a checking account and some banks may require a parent or guardian to be part of the process of opening a student checking account. If you are applying for a child’s first savings account or student checking account some banks require...
Open a checking and savings account You can open a checking account at 13 if your parents or guardians sign up as joint owners on the account. This is typically the case for people under the age of 18. Once you turn 18, you can get a checking and a savings account on your own. Che...
Open a savings account or open a Certificate of Deposit (see interest rates) and start saving your money. Credit Cards Chase credit cards can help you buy the things you need. Many of our cards offer rewards that can be redeemed for cash back or travel-related perks. With so many ...