Answer by Randy Carey: Offering banking accounts to minors is a State law issue.
Answer by John Burnett: There's a disconnect between the term "checking account" and the design of the account, which won't allow checks. That may or may not bother you or your regulator; I just think you can come up with something better to call it, without the word "checking" in the name.
Before spending any time developing this account, though, I suggest you heed Randy's comment and determine exactly what the laws of your state permit when it comes to accounts of minors.
First published on BankersOnline.com 10/1/12