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   Should you open a bank account in your child's name?

   • Opening a bank account in your child’s name may help build financial literacy from an early age. Parents or guardians can use their child’s bank account to introduce topics such as budgeting, saving and earned interest in a way that makes personal finance fun and approachable.

   How to open a bank account for a minor - Chase.com

   www.chase.com/personal/banking/education/basics/how-to-open-a-bank-account-for-a-minor

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   Can a child open a savings account?

   • Your child is most likely old enough for a savings account. Kids’ savings accounts typically require a parent or guardian to have joint ownership or control. That means you can manage the finances until your child is ready to manage them. Because of that setup, your child probably won't have to meet a minimum age requirement to open an account.

   Kids Savings Accounts: Open a Savings Account for a Baby or a Child

   www.nerdwallet.com/article/banking/opening-child-first-bank-account

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   Can a minor open a bank account with a child?

   • If you open it in a branch, you must both be present. For joint savings accounts: The minor can be any age. The account can only be opened in a branch. You must both be present to open the account. Open a U.S. Bank Smartly ® checking account with your child and you’ll be auto enrolled in the U.S. Bank Smart Rewards ® program.

   How to open a bank account for a minor | U.S. Bank

   www.usbank.com/bank-accounts/how-to-open-a-bank-account-for-a-minor.html

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   Should a child get a bank account?

   • Bank accounts typically require an adult to apply, so a standard account in a parent or guardian’s name — even if it isn’t marketed to kids — could be an option. Keep an eye out for the following: Saving should be a good thing. Don’t let fees diminish what your child puts into their account. The national average savings rate is currently 0.46%.

   Kids Savings Accounts: Open a Savings Account for a Baby or a Child

   www.nerdwallet.com/article/banking/opening-child-first-bank-account

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2. www.chase.com › personal › bankingHow to open a bank account for a minor - Chase.com

   www.chase.com › personal › banking

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   4 minute read. Opening a bank account in your child’s name may help build financial literacy from an early age. Parents or guardians can use their child’s bank account to introduce topics such as budgeting, saving and earned interest in a way that makes personal finance fun and approachable.

3. www.usbank.com › bank-accounts › how-to-open-a-bankHow to open a bank account for a minor | U.S. Bank

   www.usbank.com › bank-accounts › how-to-open-a-bank

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   Get your minor headed in the right financial direction by opening bank accounts for them now. From checking to savings accounts, we have you covered. Apply online.

4. Videos

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     Banking 101: Opening First Bank Account for a Child

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     How to Open a Bank Account for a Minor (Kids Savings Accounts)

     Sep 1, 2023

     3.7K Views

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     How to Open a Kids Bank Account with Ally (in 7 simple steps!)

     Jan 19, 2023

     3.9K Views

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5. www.53.com › savings › kids-savings-accountKids Savings Account | Fifth Third Bank

   www.53.com › savings › kids-savings-account

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   Interested in opening a savings account for your child or teen? Open a savings account online or visit a Fifth Third Branch to get started. Here’s what you’ll need:

6. www.nerdwallet.com › article › bankingKids Savings Accounts: Open a Savings Account for a Baby or a ...

   www.nerdwallet.com › article › banking

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   Dec 19, 2023 · A child can generally have a savings account at any age. The best savings accounts for kids earn interest and have no monthly fees. A parent or guardian will likely need to open the account.

   • Video Duration: 9 min

7. money.com › kids-savings-accounts-what-you-need-toKids Savings Accounts: A Complete Guide for Parents | Money

   money.com › kids-savings-accounts-what-you-need-to

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   Aug 3, 2023 · How to open a savings account for your child. Opening a kids’ savings account is a straightforward process, typically involving the following steps: Research, compare and decide: Explore different banks and financial institutions to find the savings account that suits you and your child’s needs.

8. www.kemba.org › personal › savingSavings Account for Kids| Central OH Online Banking | KEMBA

   www.kemba.org › personal › saving

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   To learn more, call us at 614.235.2395, option 4, or visit one of our local branches in Pickerington, Gahanna, Bellefontaine, Clintonville, Grove City, Hamilton Quarter, Hilliard, Lewis Center, Powell, Reynoldsburg, Westerville or Whitehall.

9. www.fool.com › the-ascent › banksHow to Open a Bank Account for a Minor | The Motley Fool

   www.fool.com › the-ascent › banks

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   Dec 29, 2023 · Choose the type of account you want to open for your minor. While there is no federal law stating a minor can't open an account in their name alone, some state laws say that anyone under...