How Old Do You Have To Be To Have a Bank Account? [ANSWERED!]

Having a bank account opens a lot of doors for somebody, especially when they have a job and can use direct deposit. Having a place to keep your savings and to see the number going up can be really motivating, or having a debit card that allows you to order things online is also a game-changer.

Suffice to say, having a bank account rules, and everybody should try to get one as soon as they can. You may be wondering how old you have to be to have a bank account, and whether there are any little tricks or loopholes to get around the age requirements for opening a bank account and the answer is yes, there are! If you’re not old enough to have a bank account yet, or you’re the parent or guardian of a minor and you want to open a bank account for them, we’ll explain how to do that, too.

How Old Do You Have To be To Have a Bank Account in 2022?

You Have To Be 18 Years Old to Open a Bank Account in 2022.

Once you’re eighteen years old, or the age of majority in your respective state in the USA, you can walk into a bank and open up your very own bank account.

But what about if you’re under 18, is it possible to open a bank account?

Yes – but it’s not quite that simple…

Opening a Bank Account When You’re Under 18

Account When Youre Under 18

If you are under 18 and you want to open a bank account, it will need to be a joint account, and you’ll need to have a parent or a legal guardian open that account with you.

Make sure you trust them, since they’ll have access to this account until the account is closed or until you turn 18 and you’re able to open a regular non-joint bank account for yourself.

An adult can open a joint bank account with a kid or a teenager, so if you want a bank account, talk to your parents about it and see if they’re okay with it.

If you aren’t able to get an account because your parents aren’t able to open a joint account with you, or they don’t want to for whatever reason, you can still teach yourself about budgeting and saving your money – you’ll just have to find a safe place to keep it until you can get your own bank account.

Final Thoughts On How Old You Have To Be To Have a Bank Account:

How Old Do You Have To Be To Have a Bank Acct

It can be really frustrating when you’re too young to open a bank account on your own, especially if you don’t have a parent or a caregiver who is able to help you open one.

Soon, you’ll be an adult and you’ll be able to open your own bank account, and you’ll be ready to live an independent life without obstacles like not being able to get your own bank account.

How old do you have to be to open a bank account? You have to be at least eighteen years old to open a bank account in America, and in many other countries around the world, however there are also plenty of countries with their own unique ages and requirements for opening bank accounts.

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Mat Woods

Author Information

Mat Woods is the lead writer at He works tirelessly alongside the rest of the team to create useful, well-researched, trustworthy articles to help parents and their teens.