In Illinois, can a non-relative of a child set up a savings or business account for the child (under age of 18) without the permission of the parents?
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It could be difficult. Depending on the type of account you wish to open, the bank may require the child's date of birth and Social Security number, which you may need to get from the child's parents. Contact banks in your area to ask your question, because even if state law permits such an account to be opened, the bank will decide if it is willing to accept an account.
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It could be difficult. Depending on the type of account you wish to open, the bank may require the child's date of birth and Social Security number, which you may need to get from the child's parents. Contact banks in your area to ask your question, because even if state law permits such an account to be opened, the bank will decide if it is willing to accept an account.