Posts Tagged "accounts"

Why wont banks let teens have checking accounts?

on Feb 22, 2013 in Stated Income Loans | 2 comments

Question by g.: Why wont banks let teens have checking accounts? I don’t think it is fair that banks do not let teens have checking accounts. I am a responsible teen, medicine and I’d like to save up for college or as an emergency fund when I need it, more about therefore, I’d like an ATM card. The only banks that allow teen checking is Chase, which your parent has to have a “qualifying” checking account, or a bank which your parent also has to have an account at with a relative with military service. I know all about credit, loans, income, more than the average teen knows about finances. Opinions? Best answer: Answer by Father ChristmasI had a checking account starting at age 13. Of course my mother’s name was also on the account, but it wasn’t an issue for me. I NEEDED a checking account to pay for things in my youth. What do you think? Answer below! Why wont banks let teens have checking...

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