Is it possible to open a joint checking account with an unrelated minor in the state of Virginia?
The banking laws of the Commonwealth of Virginia shows that accounts in the sole name of a minor are specifically provided for, but there appears to be no language covering accounts of minors joint with other individuals. In many cases, banks have shown a willingness to open bank accounts that are not specifically described in the laws of the state in which the bank is located. Those that make such accommodations usually do so after analyzing the statutes in question and the risks involved, such as the risks of a minor walking away from a contract. The only way you will find a definite answer to your question is to contact several banks, set out exactly what it is you wish to do, and ask if such an account is available.
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The banking laws of the Commonwealth of Virginia shows that accounts in the sole name of a minor are specifically provided for, but there appears to be no language covering accounts of minors joint with other individuals. In many cases, banks have shown a willingness to open bank accounts that are not specifically described in the laws of the state in which the bank is located. Those that make such accommodations usually do so after analyzing the statutes in question and the risks involved, such as the risks of a minor walking away from a contract. The only way you will find a definite answer to your question is to contact several banks, set out exactly what it is you wish to do, and ask if such an account is available. 