Bank Account for a 16 yr old

[deepred98]

i just got my first paycheck from my summer job (woot!!!) and i was wondering which banks will allow me to open my own checking account. I tried calling the banks but most are closed till monday...

so do you guys know which banks in the houston area allow 16 yr olds to open accounts? and if checking and saving accounts have different age requirments? Also which bank do you guys recomend? Thanks.

 

[purbeast0]

i don't see why any bank would not allow it. I opened my own bank account when I was 14 years old and had my first job.

 

[tfinch2]

Which bank won't allow it? They will all take your money.

 

[BigJ]

Why don't you just have an account linked to your parents?

Your name will be on the account along with one of your parents. Same thing with the checks. Debit card will have your own name. Will also allow you to have access to their checking account features, such as higher interest rates, greater number of free checks, no fees, etc.

That's what I did when I first started working when I was 14.

 

[mrSHEiK124]

Bank of America will give you free checking.

 

[QueBert]

when I was 16 it was a lot easier, banks today tend to require 2 forms of picture ID, school ID might cut it. You could get a State ID, and a passport, I can't speak on every bank, state but in CA at 30 I had issues opening an account without 2 forms of picture ID. Apparently they didn't want my money

 

[TallBill]

Just curious, what are you doing for work? Congrats on the first job. Having money in high school rocks.

 

[potoba]

BoA, which part of houston are you from? I was from the northwest (northwood forest).

edit: nvm, i just learnt from ur profile that you're from woodlands.

 

[deepred98]

oh... i read some article about banks being reluctant to give minors accounts because minors can't be held responcible for bad checks and stuff or something

all the banks i've looked at (wachovia, boA, wells fargo, woodforest...) all claim to have free checking but i guess i'm sorta paranoid and keep thinking that there must be some catch, any ways which bank do you guys prefer?

TallBill- i got a job at subway. aside from the retarded white trash chicks that work there i am enjoying the job

Potoba- i'm in the woodlands... yeah lol we edited at the same time

thanks guys

 

[potoba]

im using BoA now and Im quite happy with it (even though it doesn't have any branch where i'm at now)

 

[KK]

try a local credit union.

 

[Alone]

Text

 

[deepred98]

Originally posted by: KK
try a local credit union.

don't you have to be part of a union or some group to be in a credit union?

have any of you guys dealt with wachovia? i'm leaning towards them because they have locations next to both the places i work at and they have socalled "catch free checking".

 

[HardcoreRobot]

compass bank

 

[doze]

What bank is convenient to your home/work and has no fees and lots of branches?

I've been with regions bank for a few years and they have branches all over the south. Never had any problems.

 

[techfuzz]

Just about all the banks offer free checking, but you have to either maintain a minimum balance or have direct deposit of your paychecks. I think Washington Mutual and some of the smaller banks don't have that requirement as they just want your money. I think almost all banks will require you to have a parent co-sign a checking account if you're under the age of 18.

techfuzz

 

[imported_Baloo]

Originally posted by: BigJ
Why don't you just have an account linked to your parents?

Your name will be on the account along with one of your parents. Same thing with the checks. Debit card will have your own name. Will also allow you to have access to their checking account features, such as higher interest rates, greater number of free checks, no fees, etc.

That's what I did when I first started working when I was 14.

Did any here see this and feel awe at the naivety? Maybe, just maybe, some of us would not have trusted our parents to have full access to our funds.

 

[mwtgg]

Originally posted by: Baloo

Originally posted by: BigJ
Why don't you just have an account linked to your parents?

Your name will be on the account along with one of your parents. Same thing with the checks. Debit card will have your own name. Will also allow you to have access to their checking account features, such as higher interest rates, greater number of free checks, no fees, etc.

That's what I did when I first started working when I was 14.

Did any here see this and feel awe at the naivety? Maybe, just maybe, some of us would not have trusted our parents to have full access to our funds.

That's a shame. Sometimes I trust my dad with my money moreso than I do myself.

 

[imthebadguy]

in houston texas, they know all about dem grillz

 

[KK]

Originally posted by: mwtgg

Originally posted by: Baloo

Originally posted by: BigJ
Why don't you just have an account linked to your parents?

Your name will be on the account along with one of your parents. Same thing with the checks. Debit card will have your own name. Will also allow you to have access to their checking account features, such as higher interest rates, greater number of free checks, no fees, etc.

That's what I did when I first started working when I was 14.

Did any here see this and feel awe at the naivety? Maybe, just maybe, some of us would not have trusted our parents to have full access to our funds.

That's a shame. Sometimes I trust my dad with my money moreso than I do myself.

Yeah, it must feel like sh1t to have worthless parents.

 

[illusion88]

Wells Fargo has treated me nicely. Free Checking there.

 

[Chaotic42]

Originally posted by: Baloo
Did any here see this and feel awe at the naivety? Maybe, just maybe, some of us would not have trusted our parents to have full access to our funds.

Someone struck a nerve...

 

[fstime]

Any bank that offers Free Checking will do.

You can see if they offer it by checking there websites.