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At my bank, they won't touch you without a parent if you're under 18. A lot of 12-18 kids "have" savings accounts but they're custodial - they're the child's in
by superuser2 14y ago
At my bank, they won't touch you without a parent if you're under 18. A lot of 12-18 kids "have" savings accounts but they're custodial - they're the child's in name only, and only parents have withdrawal privileges. The tellers seemed confused every time I had to tell them that yes, I do have permission to withdraw my own money.
Only one of my friends was allowed to use their bank account - for everyone else it was college savings only, and all spending money had to be cash.
With my parents' permission, I was able to have a debit card (which processes in the payment network like any MasterCard but has no line of credit) attached to my checking account at 17.