Does any bank allow customers under 18 to open a bank account under their own name?

Discussion in 'Social Chat' started by dejan, Sep 15, 2013.

  1. dejan

    dejan Regular
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    I know many banks have services for customers under 18, but those accounts are opened only on parent's permission, and their accounts are linked to their parent's account, and is not an individual account. My friend is under 18 and wants to open an Individual account. HDFC banks and other banks have limitations for Under 18 accounts like maximum withdrawal limit i.e 2500 Rs per day, and no net banking. Please let me know if there is any bank which allows under 18 people to open an individual bank account
     




  2. mhsabir

    mhsabir Xclusive
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    I dont think its possible to open without parent/guardian. May be it can be under their name, but a guardian will need to be associated to "maintain" an account.
     
  3. anant.del

    anant.del Addicts
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    a minor account....or under parental guidance, not individual !
     
  4. igloo

    igloo Hathway 5mbps Unlimited
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    Well i was 15year old when i first opened an account in indian bank a national bank. But an existing account introduced by signing in my form.Visit any national bank and ask.
     
  5. ghpk

    ghpk Moving to NCR soon
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    I don't think any bank would allow you to operate a account on Own, if you are a minor,
    however bank may let you operate it partially once they are provided in writing by your parents.
     
  6. chromaniac

    chromaniac It wasn't me.
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    I don't get it really. Kids should be allowed to manage their own bank accounts under parental supervision. Better to get them to learn money management from early stages.
     
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  7. anant.del

    anant.del Addicts
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    they use their moms/dad's credit card probably :tongue:
     
  8. chromaniac

    chromaniac It wasn't me.
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    If I had a bank account growing up, I would not have made the mistakes I made during the first few years of money making. I wasted so much money back then it's a freaking shame really.
     
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  9. igloo

    igloo Hathway 5mbps Unlimited
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    Well i had one and i still wasted. don't regret like old ladies ;)
     
  10. chromaniac

    chromaniac It wasn't me.
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