Can a minor open a savings account with someone who is not a parent or legal guardian?
This will depend on your state laws. In some states, a minor is empowered to open a deposit account without any co-owner, including a parent or guardian. In some states, the parent or guardian must be on the account and still others say that a parent or guardian must be added, if they request it, but need not be there as a matter of law.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
This will depend on your state laws. In some states, a minor is empowered to open a 