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Minor on a Business Account?

Can a minor be added as an authorized signer on a business account? Can they even be on a business account?


There are probably no state laws that address including a minor as an authorized signer on a business account. Account authorized signers are not entering into a contract with the bank holding the account, but whether a minor could be legally named as an agent under a state's laws on agency is a question to be raised with a local attorney.

Published on BankingQuestions.com 11/05/08