You don't have to be 18, but the bank will require a parent or guardian to co-own the account
Most banks will let you open a checking account before age 18, but they won't let you do it alone. A parent or legal guardian has to be on the account with you — usually as a joint owner or, at some banks, as a custodian who can see the account but not withdraw money. The exact setup varies by bank, so you'll need to ask what your bank offers.
Some banks have accounts specifically designed for minors, with features like spending limits or parental controls. Others let you open a regular checking account as long as an adult signs the paperwork and shows ID. A few banks have a minimum age — often 13 or 16 — before they'll open any account for a minor, even with a parent present.
The key difference from an adult account is that you cannot close it or make major changes without the adult on the account. The adult can usually close it at any time, and they may have the right to see all transactions. Once you turn 18, you can remove them from the account or move to your own account, depending on the bank's rules.
Key Takeaways
- A parent or guardian must be present and sign paperwork to open a checking account for anyone under 18.
- Some banks set a minimum age of 13 or 16 for minor accounts, so you may need to wait or use a different bank.
- The adult on the account can usually see all transactions and close the account at any time.
- Once you turn 18, you can remove the adult from the account or open your own account at most banks.
- Different banks offer different features for teen accounts, including spending limits, debit card controls, and parental alerts.
What you'll need to bring to the bank
You and the parent or guardian both need to bring government-issued photo ID — a driver's license, passport, or state ID card. The bank will check both IDs before opening the account. Some banks also ask for a Social Security number for both of you, a phone number, and proof of address (like a utility bill or lease).
If the adult is not your biological parent, bring proof of guardianship — a court order or custody document. Without it, the bank may refuse to open the account. Call the bank ahead of time to ask exactly what documents they need, because requirements vary.
How parental controls and spending limits work
Many banks that serve minors offer tools for the adult on the account to set daily spending limits on the debit card, block certain types of transactions (like online purchases), or get alerts when the card is used. These features are optional — you don't have to use them — but they're built into most teen accounts.
The adult can usually change or remove these limits through the bank's app or website. Some banks let you negotiate the limits with your parent, while others set a default limit that the parent can adjust. If you're saving for something specific, you can ask your parent to raise the limit temporarily.
These controls disappear when you turn 18 and the account converts to an adult account, or when you move to your own account. The adult cannot force you to keep the account open after you reach the age of majority in your state.
Banks that offer accounts for minors under 18
Most large national banks — Chase, Bank of America, Wells Fargo, Citibank — offer checking accounts for minors with a parent present. Credit unions often do as well, and sometimes have lower fees or better terms for young people. Online banks like Ally and Discover have more restrictive policies; some require you to be 18, while others allow minors but require the parent to be the primary account holder.
Local and regional banks vary widely. Some welcome minors at any age with a parent, while others have a minimum age of 13 or 16. Community banks and credit unions are often more flexible than national chains, so if you're turned down at one bank, try another.
The best way to find out is to call or visit the bank's website and search for "teen checking" or "minor account." If the website doesn't say, call the customer service number and ask what the minimum age is and what documents you need.
What happens when you turn 18
Most banks automatically convert a minor's account to an adult account on the day you turn 18. The adult who was on the account with you is removed unless you both agree to keep them on it. You then have full control — you can close the account, change the settings, or add someone else if you want.
Some banks send you a notice a few weeks before your 18th birthday explaining what will happen. Others don't notify you at all, so the account just converts silently. Check your bank's website or call to ask what their policy is, so you're not surprised.
If you want to keep the adult on the account after you turn 18 — for example, if they help you manage money — you can usually request that in writing or through the app. But you have the right to remove them, and they cannot stop you.
Alternatives if you can't open an account yet
If the bank you want to use has a minimum age higher than yours, or if you don't have a parent or guardian available to co-sign, you have a few other options. Some credit unions have lower age minimums or more flexible guardianship rules. A few banks offer savings accounts (not checking) for younger children, which you can upgrade to checking later.
Another option is a prepaid debit card, which does not require a bank account or a parent's signature. You load money onto the card, and you can use it like a debit card. The downside is that prepaid cards usually charge fees for each transaction, monthly maintenance, or ATM withdrawals. They're useful for short-term needs but more expensive than a real checking account over time.
If you have a trusted adult who is not your parent — a grandparent, aunt, or older sibling — some banks will let them co-sign instead. Ask the bank directly whether they accept guardians other than parents.
Fees and account features to compare
Teen checking accounts often have lower fees than adult accounts, or no fees at all if you meet certain conditions (like keeping a minimum balance or getting direct deposit). Some banks waive monthly maintenance fees for minors. Others charge a small fee but include perks like free checks, no overdraft fees, or a linked savings account.
Compare a few banks before you decide. Look at whether they charge a monthly fee, what the overdraft policy is, whether the debit card is free, and whether there are ATM fees if you use an out-of-network machine. Some banks offer better rates on linked savings accounts for minors, which can help you build savings alongside checking.
Ask whether the account comes with online banking and a mobile app, because most teens use these more than visiting a branch. Check whether the bank offers text or email alerts when your balance gets low or when the card is used.
Frequently Asked Questions
Can I open a checking account at 16 or 17 without a parent?
No. Every bank requires a parent or legal guardian to be on the account if you're under 18. You cannot open an account alone, even if you have a job and your own income. The adult must be present and sign the paperwork.
What if my parent won't take me to the bank?
Some banks allow a parent to open an account for you without you being present, though you'll need to sign something later. Call the bank and ask whether they offer this option. If not, you may need to ask another trusted adult — a grandparent or legal guardian — to co-sign instead.
Can I have a checking account without a debit card?
Yes. You can open a checking account and use it for direct deposit and online transfers without getting a debit card. This is useful if you want to save money and not spend it. Ask the bank whether they charge a fee for an account without a card.
Will opening a checking account affect my credit score?
No. Opening a checking account does not build or hurt your credit score. Credit scores are based on borrowed money — loans and credit cards — not on bank accounts. A checking account is separate from credit.
Can the adult on my account take my money without permission?
Yes, if they are a joint owner. They have the same legal right to the money as you do. If you're worried about this, ask the bank whether they offer a custodial account instead, where the adult can see the account but cannot withdraw money. Not all banks offer this option.