How to open a bank account with chase

Opening a bank account can be a great first step toward becoming financially aware. But can a teenager open a bank account? Yes, but with some conditions. Those under 18 are often required to have a parent or guardian present, who may need to be an owner or co-owner of the account with the teen.

How a teenager can open a bank account?

A teen can typically open a bank account with the presence of a parent or guardian and identification may be required from both. Banks and other financial institutions may have different requirements so check with your bank for what is required. If you are a U.S. citizen or a non-U.S. citizen residing in the U.S., here’s a list of a few documents the teen and, if required, parent or guardian may need to open the account. Identification which could be a valid:

• Government issued photo ID or driver’s license
• Social Security card or individual taxpayer identification card
• Passport
• Birth certificate

Proof of address that shows the name and address of residence will also be required.

After providing the essential information as stated above, a minimum deposit may be needed to fund the account. Again, most financial institutions require a parent or guardian to open the account on behalf of or as a co-owner with the minor. Many financial institutions require this to occur in a branch, though some may allow an account to be opened online.

Features of a bank account for teenagers

Depending on the financial institution and the account, a teen account held by a parent or guardian can have some helpful features including:

• A debit card for the teen to use
• Account alerts so the adult account holder can keep track of purchases
• Spending limits
• Withdrawal limits
• Money transfer capability
• Goal setting to save for future purchases

Benefits of a bank account for teenagers

Having a bank account may help a teen develop basic financial skills including how to use a debit card, make withdrawals and deposits, and use online or mobile banking tools. In addition, a bank account can help a teen learn how to budget and save. Developing smart money management habits early in life (and under your watchful eye) may help to avoid some common financial pitfalls down the road.

In summary

Opening a bank account for a teenager can be done, typically with the help of a parent or guardian as owner of the account. Often, the account may need to be opened in a branch, but some teen accounts can be opened online — again, with the oversight of a parent or guardian. In addition, teen accounts can provide features that may help teens develop healthy financial habits over time.

Debit cards allow consumers to make safe and convenient transactions with funds from their checking account. Debit cards are often provided when you open an account at a bank, credit union, or financial institution, but there might be some cases in which you have to request one yourself. You may also follow some of the same options if you need to request a replacement for a damaged or lost debit card. Before committing to opening a bank account and getting a debit card, be sure to consider the monthly service fees that may apply to your checking account.

Before you can use a debit card, you may have to set a PIN (Personalized Identification Number) and activate the card by calling the bank’s customer service number, using an ATM, or by confirming receipt through your bank account’s website or mobile app.

How to get a new debit card

Once you are approved for a checking account the debit card is often provided to you. If one is not automatically provided, you may be able to get a debit card through the following steps:

• Call customer service. You can usually call your bank’s customer service line to request a debit card or to confirm if one has been mailed to your correct address.
• Request a card online. You may be able to request a debit card through your bank account’s website or mobile app.

Before you can use your new debit card, you’ll need to activate it by calling the number on the back of the card. If this feature is available to you, you may be able to confirm receipt of your debit card and activate it through your bank account’s mobile app.

What do you need to get a debit card?

Once your checking account is opened you can get a debit card. There are a few documents you will need to open a checking account whether it is online or in person. Banks and other financial institutions may have different requirements. If you are a U.S. citizen or non-U.S. citizen residing in the U.S., here’s a list of a few documents you may need to open your account. However, check with your financial institution to determine what documents you will need. This could be a valid:

What do you need to open up a Chase bank account?

How much does Chase need to open an account?

Does Chase give you $200 for opening an account?