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Can a Minor Open a Checking Account?

Can a minor open a checking account in New York?

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You need to check with your bank about whether New York state laws allow a minor to contract for a checking account in that state. It's possible that some banks in New York will allow a minor to have a checking account, with or without a specific law permitting it. You will have to contact banks in your area to ask about their policies.

Published on BankingQuestions.com 12/10/08