Is a minor permitted to get a checking account in the state of Ohio? If so do they have to have permission from the custodial parent?
Yes, a minor may open a checking account in the state of Ohio, according to section 1109.09 of the Ohio Revised Code. The law indicates that the contract for the depositaccount is as binding as it would be on an adult. There appears to be no requirement for parental permission.
Banks in Ohio, however, may have specific policies concerning opening accounts for minors. For example, a bank might be concerned with the ability of a minor under a given age to manage a checking account successfully. Some banks may be willing to open accounts for minors only if an adult family member is an account co-owner. Contact a bank in your area to inquire into its policies.
Published on BankingQuestions.com 8/30/07
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Yes, a minor may open a checking account in the state of Ohio, according to 