When Can You Get a Bank Account?

When Can You Get a Bank Account

You can open a bank account as soon as you have valid identification and a parent or guardian for most basic accounts. The exact age depends on the account type and the bank's policies, but many institutions offer options for children as young as 0 to 13. Adults 18 and older can typically open accounts independently with minimal documentation.

Account Options by Age

Children Under 13

Many banks and credit unions allow parents to open a custodial or joint account for a child. The parent controls the account until the child reaches the age of majority. These accounts teach basic money management and often have no minimum balance requirements.

Teens 13 to 17

Banks often offer teen checking or savings accounts designed for this age group. A parent or guardian usually remains a joint owner on the account. Some institutions allow teens to get a debit card linked to the account, helping them learn to manage spending within set limits.

Adults 18 and Older

Once you turn 18, you can open a standard checking or savings account without a parent. You will need a government-issued ID, a Social Security number or Individual Taxpayer Identification Number, and sometimes proof of address. Many banks allow you to open an account online, though some still require an in-person visit.

What You Need to Open an Account

Regardless of age, you will generally need to provide identification and personal information. The core requirements are consistent across most banks and credit unions.

• Government-issued photo ID, such as a driver's license or passport
• Social Security number or Individual Taxpayer Identification Number
• Proof of address, like a utility bill or lease agreement
• For minors, a parent or guardian must co-own the account
• An initial deposit, though some accounts have no minimum

Special Cases and Considerations

Some banks offer second-chance checking accounts for adults who have had past banking issues, such as an account flagged for fraud or unpaid fees. These accounts may come with higher fees or limited features but provide a way to reestablish a banking relationship. Non-citizens and legal residents can often open accounts with an Individual Taxpayer Identification Number instead of a Social Security number, though availability varies by institution and state.

How to Choose the Right Account

When deciding when to open a bank account, consider the purpose and your current needs. A savings account works well for building an emergency fund or saving for a goal, while a checking account is better for everyday spending and bill pay. Compare fees, minimum balance requirements, and access to branches or ATMs before committing to a specific bank.