Setting a minimum age for kids’ accounts

Of course not. Your bank is permitted to refuse any deposit account, even from adults. We think that you should, however, have a bank policy or guideline to point to that sets an age standard for your bank's acceptance of checking accounts, with the goal of encouraging responsible use of accounts and discouraging situations that could be recipes for failure.
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Learn more about Mary Beth Guard’s webinar
Bank Accounts for Babies, Kids, Teens