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How to open a bank account for a minorIt’s easy. Most accounts can be opened in five minutes or less. Here’s what you’ll need. For all bank accounts:
For joint checking accounts:
For joint savings accounts:
Access Smart Rewards™Open a U.S. Bank Smartly™ checking account with your child and you’ll be auto enrolled in the U.S. Bank Smart Rewards™ program. These are just some of the benefits:
No need to write checks?Consider a Safe Debit Account, a “checkless” no overdraft fee option that is not part of the U.S. Bank Smart Rewards program. Open an account in minutes with a minimum balance of $25 and you’ll enjoy these and other benefits:
Note: The $4.95 monthly maintenance fee cannot be waived. It’s never too early to start saving.Teach your child the value of saving. Open a joint Standard Savings account at a branch with a $25 minimum opening deposit. The benefits include:
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Grow your financial knowledge.
We have tools and tips specifically designed for teens and their parents. Our Financial IQ provides an abundance of information on topics relevant to you and your teen.
Allowance basics for parents and kidsTeach your kids how to save and spend wisely.
How to become financially independentIt’s easier than you think. Get startedStart of disclosure content Disclosures
Start of disclosure content Deposit products are offered by U.S. Bank National Association. Member FDIC. The U.S. Bank Visa® Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc. Equal Housing Lender Can you be 16 and have a debit card?You can open a teen checking account when your child turns 16. Teen checking accounts help teenagers learn how to check their balance, set up direct deposit, use ATMs, use a debit card, budget, and transfer money.
Can I use an ATM at 16?Most banks only issue a debit card to kids 13 and older if they also have a parent on the account with them. Some banks set the age limit at 15, while others make kids wait until age 16 until they can open an account. In most instances, kids cannot have their own account without a parent until they are 18 years old.
Whats the youngest age you can get a debit card?A child can typically get a teen debit card at 13 years old when a parent or legal guardian opens a teen checking joint account on their behalf. Teen checking accounts are typically available until the child turns 18.
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