1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

15 Year Old and Bank Account

Discussion in 'Business & Tax Advice' started by wahpah22, Aug 8, 2013.

  1. wahpah22

    wahpah22 Registered Member

    Joined:
    Jun 17, 2013
    Messages:
    62
    Likes Received:
    4
    Hey BHW! Right now I have a prepaid debit card, but it limits me to $2500 spend limit a day. I'm wondering if this includes sending money to someone's bank account via WesternUnion or RiaMoneyTransfer.

    If it does is there any way I can get a savings or checking account for myself? I'm only 15.

    Sorry if I don't go in to too much detail of why I have to send more then $2500.
     
  2. slaya212

    slaya212 Newbie

    Joined:
    Aug 10, 2013
    Messages:
    15
    Likes Received:
    2
    yes that would include sending money to another person, and just ask your bank if you can set up a savings account, if not ask if you can go over the limit and just show them you have the funds to do it
     
  3. Heytherejake

    Heytherejake Newbie

    Joined:
    Jul 8, 2013
    Messages:
    23
    Likes Received:
    8
    Assuming you live in the U.S., you as a minor cannot sign a legally binding document, therefore you cannot have your own bank account. What you can do is have a parent or legal guardian co-sign on your bank account, this way it is both of yours. Other than that, there is no way to have your own checking/savings account.

    Good Luck!


    edit: Looking around, Fifth Third bank (53.com) has a great checking/savings account for minors, that comes with a debit card and has no interest rates, or any charges... look into it :)
     
  4. amorella3

    amorella3 Junior Member

    Joined:
    Oct 4, 2013
    Messages:
    126
    Likes Received:
    6
    get someone to open an account for you