A kids' bank account is a type of joint bank account where an adult and a minor both have access.
Types of bank accounts for minorsThere are two primary joint bank account options: kids' savings accounts and teens' checking accounts.
Depending on where you bank, you may need to open a traditional savings account or a specialized bank account tailored to children.
A custodial bank account is not the same as a traditional kids' bank account.
Some national banks permit online applications when opening a bank account on behalf of a minor, but many require opening a minor's first bank account at a physical branch.
Persons:
Elaine King, King, Banks
Organizations:
CFP, Family, Social
Locations:
Chevron