Why wont banks let teens have checking accounts?

Posted on Feb 22, 2013 in Stated Income Loans

Verify out these apartment developing pictures:

15a 746 S Bonnie Brae St – Italian Villa Apartment Creating (E)

Image by Kansas Sebastian
Beverly Apartments, salve mind 1905
746 S Bonnie Brae St
Bonnie Brae Tract, clinic Lot ten, pharmacy Block B
B Cooper Corbett (Attributed)
__________

When we rounded the corner from 8th Street and saw this stunning Italian Villa-styled apartment creating each of us mentioned the identical thing at the same time–B. Cooper Corbett! From the robust porch columns to the Italian styled cornices, his signature is all more than this apartment property. The modern day windows are unfortunate and the sparkly sign over the door is obnoxious, but otherwise it nevertheless retains it’s integrity (and one thing of its dignity).

For much more residences click right here…
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 Christmas
I 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!

2 Comments

  1. i have wells fargo and ive had a teen CHECKING account along with a debit card and check book since i was 13

  2. To open an account you must sign a legal contract stating you are aware of the banking laws and will adhere to them By law only someone 18 or older may sign a legal document. That is why