TD Bank lets teenagers open a checking account, but the account must be linked to a parent or guardian
TD Bank offers a Teen Checking account for customers ages 13 to 17. You cannot open it alone — a parent or guardian must open it with you and remain on the account as a co-owner. The account gives you a debit card and online banking access while your parent retains oversight and control.
The account is designed to let you learn how to manage money, make purchases, and track spending while your parent can set limits and monitor activity. TD Bank does not charge a monthly fee for this account, and there is no minimum balance requirement.
Key Takeaways
- A parent or guardian must be present and co-own the account with you — you cannot open it independently.
- You must be between 13 and 17 years old; TD Bank does not offer teen accounts for younger children.
- The account comes with a debit card, online banking, and mobile app access so you can check your balance and see transactions.
- Your parent can set purchase limits, block certain types of transactions, and receive alerts about account activity.
- You will need a Social Security number and proof of identity, and your parent will need their own ID and proof of address.
What you need to bring to open the account
Both you and your parent must visit a TD Bank branch in person to open the account. Bring your Social Security number and a government-issued photo ID — a school ID, passport, or state ID card will work. Your parent will need their own government-issued photo ID and a document showing their current address, such as a utility bill, lease, or bank statement dated within the last 60 days.
TD Bank may also ask for your date of birth and your parent's date of birth. If your parent does not have a TD Bank account already, they may need to open one at the same time, though some branches can link the teen account to an existing account at another bank — ask when you call to schedule your visit.
How the account works once it is open
You will receive a debit card in the mail within 7 to 10 business days. Your parent can deposit money into the account by transferring funds from their own account, making a deposit at a branch, or setting up direct deposit if they receive a paycheck. You can then use the debit card to make purchases online or in stores, and withdraw cash at TD Bank ATMs or other ATMs that accept Visa.
You can check your balance and see all transactions through TD Bank's mobile app or online banking portal. Your parent receives the same access and can monitor spending, set daily spending limits, and turn the card on or off if needed. Some branches also allow your parent to block certain types of purchases, such as online transactions or gas station purchases, depending on the settings available.
What happens when you turn 18
When you reach 18, the account automatically converts to a standard checking account. Your parent remains a co-owner unless you both agree to remove them. You can request to become the sole owner at that time, though your parent may need to visit the branch or call to authorize the change.
If you want to keep the account open after turning 18, there are no additional steps required — it simply transitions to an adult account with the same features. If you want to close it or move to a different type of account, you can do that at any time by visiting a branch or calling customer service.
Fees and limits to know about
TD Bank does not charge a monthly maintenance fee for Teen Checking accounts. However, you may face fees if you overdraft the account — that is, if you try to spend more money than you have. Overdraft fees vary, so ask your parent to confirm the current fee with TD Bank when you open the account.
There is no limit on how many debit card purchases you can make, but your parent can set a daily spending cap. ATM withdrawals are free at TD Bank ATMs and at most other banks' ATMs through the Visa network, but some out-of-network ATMs may charge a fee. Your parent should review the fee schedule with a banker before opening the account so there are no surprises.
How to get your free guide
Call your nearest TD Bank branch or visit the TD Bank website to find a location near you. Ask to schedule an appointment to open a Teen Checking account — some branches accept walk-ins, but calling ahead ensures a banker will be available to help. Bring all required documents for both you and your parent.
If you do not have a TD Bank branch nearby, ask whether you can open the account by phone or video call. Some banks offer remote account opening for teens, though TD Bank's policy varies by state and branch, so confirm before you visit.
Frequently Asked Questions
Can I open a TD Bank account if I am under 13?
No. TD Bank's Teen Checking account is for ages 13 to 17 only. If you are younger, your parent can open a savings account in their name and let you use it, but you cannot be the account owner.
What if my parent does not have a TD Bank account?
Your parent can open an account at the same time you open your Teen Checking account. Some branches may also link your teen account to a checking account your parent holds at another bank, though this varies by location — ask when you call.
Can my parent see all my transactions?
Yes. Your parent has full access to the account and can see every purchase, withdrawal, and deposit. They can also set limits and receive alerts. This is part of the account design — it is meant to teach you money management while your parent stays informed.
What if I lose my debit card?
Call TD Bank's customer service line or visit a branch to report the card lost or stolen. TD Bank will cancel the card and mail you a replacement within 7 to 10 business days. Your parent can also freeze the card through the mobile app or online banking if you cannot reach the bank immediately.
Can I have a TD Bank account without my parent being on it?
No. TD Bank requires a parent or guardian to co-own the Teen Checking account. Once you turn 18, you can become the sole owner, but until then, a parent must be listed on the account.