How to Open a Bank Account?

Research and choose a bank that offers accounts for minors. Some common options include Wells Fargo, Bank of America, Chase, and Capital One.

Both the minor and the parent or legal guardian will need to provide identification, such as a driver's license or passport. The minor may also need to provide a social security number or tax ID number.

Decide what type of account you want to open, such as a checking account or savings account.

Most banks will require both the minor and the parent or legal guardian to visit the bank in person to open the account. Some banks may allow the parent or legal guardian to open the account online, but the minor will still need to be present to provide identification.

Fill out the application form for the account, providing all necessary information and documentation. The parent or legal guardian may need to sign the application on behalf of the minor.

Once the account is opened, the minor can deposit money into the account. The parent or legal guardian may also choose to set up automatic transfers or direct deposit to help the minor save money.