By area/North America/United States/Bank accounts: Difference between revisions

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In the United States, most banks place restrictions on young people that prevent them from owning independent bank accounts without consent from a parent, guardian, or (occasionally) any adult willing to cosign. Additionally, banks nearly always grant the adult total control over the account.

In the [[By area/North America/United States|United States]], most banks place restrictions on young people that prevent them from owning independent bank accounts without consent from a [[parent]], guardian, or (occasionally) [[any adult]] willing to cosign. Additionally, banks nearly always grant the adult total control over the account.

== Bank Policy ==

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Banks that don't allow minors to open a bank account without parental consent or an adult cosigner:

* Capital One,

Capital One, PNC Bank, US Bank, M&T Bank, TD Bank and Regions Bank

* PNC Bank,

* US Bank,

* M&T Bank,

* TD Bank and Regions Bank

Banks with unclear policies regarding minors:

* Chase Bank - Page under construction, some citations and some vital information is not yet added.

Chase Bank

Page under construction, some citations and some vital information is not yet added.

== Further Reading ==

* [https://www.youthrights.org/how-banks-discriminate-against-youth-the-dangers-of-parent-managed-teen-bank-accounts/ How Banks Discriminate against Youth – The Dangers of Parent Managed, “Teen” Bank Accounts], National Youth Rights Association (written by by Xillion, with help from Underdeveloped Prefrontal Cortex). Goes more in depth, including having personal stories regarding young people's lack of financial freedom instead of purely information. Most of the information on this page was originally from this NYRA blog post.

== References ==

[[Category:United States]]

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-In the United States, most banks place restrictions on young people that prevent them from owning independent bank accounts without consent from a parent, guardian, or (occasionally) any adult willing to cosign. Additionally, banks nearly always grant the adult total control over the account.
+In the [[By area/North America/United States|United States]], most banks place restrictions on young people that prevent them from owning independent bank accounts without consent from a [[parent]], guardian, or (occasionally) [[any adult]] willing to cosign. Additionally, banks nearly always grant the adult total control over the account.
 == Bank Policy ==
@@ Line 31: / Line 31: @@
 |
 |}
 Banks that don't allow minors to open a bank account without parental consent or an adult cosigner:
+* Capital One,
-Capital One, PNC Bank, US Bank, M&T Bank, TD Bank and Regions Bank
+* PNC Bank,
+* US Bank,
+* M&T Bank,
+* TD Bank and Regions Bank
 Banks with unclear policies regarding minors:
+* Chase Bank - Page under construction, some citations and some vital information is not yet added.
-Chase Bank
-Page under construction, some citations and some vital information is not yet added.
 == Further Reading ==
 * [https://www.youthrights.org/how-banks-discriminate-against-youth-the-dangers-of-parent-managed-teen-bank-accounts/ How Banks Discriminate against Youth – The Dangers of Parent Managed, “Teen” Bank Accounts], National Youth Rights Association (written by by Xillion, with help from Underdeveloped Prefrontal Cortex). Goes more in depth, including having personal stories regarding young people's lack of financial freedom instead of purely information. Most of the information on this page was originally from this NYRA blog post.
+== References ==
+[[Category:United States]]