Yes, a 17-year-old can open a bank account, but the rules depend on the bank and the account type
Most banks and credit unions will let a 17-year-old open a checking or savings account, but you cannot do it alone. You will need a parent or legal guardian to co-sign or be a joint account holder. Some banks require the adult to be present in person; others let you start online with a parent's verification. The specific requirements vary by institution — a large national bank like Chase or Bank of America has different rules than a local credit union, and online banks like Chime or Ally have their own policies.
The key difference at 17 is that you are not yet a legal adult, so banks treat you as a minor. This means the account technically belongs to both you and your parent until you turn 18. Your parent can see all transactions, set spending limits, and close the account. Once you turn 18, you can convert it to an account in your name alone, though some banks do this automatically and others require you to ask.
Key Takeaways
- Most banks let 17-year-olds open accounts, but a parent or legal guardian must co-sign or be listed as a joint account holder.
- Some banks require the adult to come in person; others allow online account opening with parental verification by phone or email.
- Your parent can see all activity and set limits on the account while you are under 18.
- When you turn 18, you can usually convert the account to your name alone, either automatically or by requesting it.
- Credit unions and online banks often have simpler rules than large national banks, so it is worth checking multiple institutions.
What you need to bring or provide
To open an account at 17, you will need a government-issued photo ID — usually a state driver's license, state ID card, or passport. Your parent or guardian will need their own photo ID and proof of address (a utility bill, lease, or bank statement dated within the last 60 days). Some banks also ask for a Social Security number for both you and the adult, though this is standard practice and not a barrier.
If you are opening the account online, the bank will ask you to upload photos of your ID and may require your parent to verify their identity by phone or through a secure link. A few banks use video verification, where you and your parent both appear on camera to confirm you are who you say you are. This usually takes 10 to 15 minutes and happens immediately or within a day.
In-person versus online account opening
Opening an account in person at a bank branch is often the fastest route. You and your parent go together, show your IDs, and walk out with a debit card and account number the same day. The branch staff can answer questions on the spot and set up any features you want, like text alerts or spending limits. Most branches are open weekday mornings and afternoons, and many are open Saturday mornings.
Online account opening is faster if your bank offers it and your parent can verify their identity remotely. You can start the process from home, and approval usually comes within 24 hours. However, not all banks let minors open accounts online — some require at least one in-person visit. Check the bank's website or call their customer service line to confirm whether they offer online minor accounts before you start.
Banks and credit unions with straightforward minor account policies
Large national banks like Chase, Bank of America, and Wells Fargo all offer teen checking accounts. Chase requires a parent to be present in person at a branch; Bank of America lets you open online if your parent verifies by phone. Wells Fargo has similar rules but varies by state. These accounts usually come with a debit card, online banking, and the ability to set parental controls.
Credit unions often have simpler processes. Many credit unions let you open an account online with a parent's verification and do not require an in-person visit. Online banks like Chime, Ally, and LendingClub also offer teen accounts, though policies vary — some require a parent to open the account first and then add you, while others let you and your parent open jointly from the start. Call or check the website of your local credit union or the bank you are interested in to confirm their specific process.
What happens to the account when you turn 18
When you turn 18, the account does not automatically close or change. Most banks automatically convert a joint minor account to an account in your name alone on your 18th birthday. Your parent's name is removed, and you become the sole owner. You keep the same account number and debit card, so there is no disruption to direct deposits or automatic payments.
A few banks require you to request the conversion yourself. If your bank is one of them, you will get a notice around your 18th birthday explaining the process. You can usually do this online, by phone, or in person at a branch. If you do not convert it and your parent is still listed, they will retain access to the account and can still see all transactions. It is worth calling your bank a few weeks before your 18th birthday to confirm what will happen automatically and what you need to do.
Parental controls and spending limits
Most banks let parents set daily spending limits on a teen's debit card — for example, a limit of $50 per day or $200 per week. Parents can also turn the card on or off through the bank's app, which is useful if the card is lost or if you want to restrict spending during a certain period. Some banks let parents receive alerts when the card is used, so they know where and when you are spending money.
These controls are designed to teach financial responsibility while keeping the account secure. You can usually ask your parent to increase the limit as you demonstrate that you can manage money responsibly. When you turn 18, all parental controls are removed, and the account becomes entirely yours to manage.
What to do if a bank says no
If your bank of choice does not offer minor accounts or requires you to be 18, you have a few options. Try a different bank or credit union — policies vary widely, and what one institution will not do, another will. Credit unions in particular are often more flexible with minor accounts than large national banks. You can also ask your parent to open an account in their name and add you as an authorized user, though this gives you less control and does not build your own credit history.
Another option is to wait until you turn 18 to open your own account. If you need access to banking services before then, a prepaid debit card (which does not require a bank account) is a workaround, though it usually comes with fees and does not build credit. However, most 17-year-olds will find at least one bank or credit union willing to open a minor account, so it is worth calling a few before giving up.
Frequently Asked Questions
Can I open a bank account without my parent being present?
Some banks let you open an account online without your parent physically present, as long as your parent verifies their identity by phone or email. Others require at least one in-person visit with your parent. Check your bank's website or call their customer service line to find out which method they use.
Will opening a bank account at 17 affect my credit score?
No. Opening a checking or savings account does not affect your credit score because banks do not report deposit accounts to credit bureaus. Credit scores are based on borrowing and repayment history, not on having a bank account.
Can my parent see all my transactions after I turn 18?
No. Once you turn 18 and the account is converted to your name alone, your parent loses access unless you give them permission. They will not be able to see your balance, transactions, or account activity without your consent.
What if I lose my debit card before I turn 18?
Call your bank immediately to report it lost or stolen. They will cancel the card and send you a replacement, usually within 5 to 10 business days. Your parent can also report it through the bank's app or website if you are not able to call. You can use your account number to make online purchases or withdraw cash at an ATM while you wait for the new card.
Do I need a Social Security number to open a bank account at 17?
Yes, most banks require a Social Security number for both you and your parent. If you do not have one, you can request one from the Social Security Administration, though the process takes several weeks. Some banks may accept an Individual Taxpayer Identification Number (ITIN) as an alternative, so ask before assuming you cannot open an account.