Answer:
The charter of the bank has nothing to do with this question -- it's state law that matters because it concerns a matter of property and/or contract law. Find out what your state's laws say about accounts for minors and then make a risk-based decision on what your bank will offer. The concern, of course, is whether the deposit contract with a minor will be enforceable.
First published on BankersOnline.com 6/25/12