Open Bank Account For Child Capital One

Like all bank accounts the capital one kids savings account has its limitations.

Open bank account for child capital one.

As long as you have proof of identity and some credit history you should be able to open an account. That s why money accounts are available both online and in person at capital one locations so that you can bank on your schedule. While some financial institutions require you to be a parent or legal guardian others allow anyone over 18 to be the joint account holder. Minor bank account laws account ownership and downstream outcomes page 6.

The account has no account minimum and you ll enjoy a 0 5 percent apy on any. Capital one kids savings account formerly known as the 360 kids savings account. The deposit agreement and disclosures limits the number of the following types of withdrawals and transfers from a savings account to a total of six 6 each monthly statement cycle or each month for savings accounts with a quarterly statement cycle including online and mobile banking transfers or payments. While it might be possible to open a checking account for your child it s better to open a savings account.

The capital one kids savings account offers a fee free experience to help kids start off their banking journey right. Visit your nearby capital one location to open your teen s money account and get started with awesome free digital tools and a top rated mobile app to help them manage their money almost anywhere anytime. Visit your nearby capital one location to open your kids savings account and get started with awesome free digital tools and a top rated mobile app to help them manage their money anytime almost anywhere. If you ve had a few bounced checks or have a limited or negative credit history there s a chance you ll have to go into the bank to set up your account in person.

Who can open a bank account online. Or existing customers can open additional accounts from within the capital one mobile app by clicking browse financial products in the profile tab located at the bottom of the screen. Global financial literacy excellence center. That s why kids savings accounts are available both online and in person at capital one locations so that you can bank on your schedule.

When opening a bank account for your child it s important to choose a strong financial institution and the right type of account. This account is online only which means you can t open it at a capital one branch. We have many different types of accounts to choose from. While you can pop into a branch to ask questions you ll need to be comfortable managing your money online.

To get all the details and apply to open an account online click here. Statutory requirements for opening bank accounts for minors by state accessed feb.