Open Bank Account For Child Citibank

The interest bearing citibank checklink savings account is a class above conventional current accounts.

Open bank account for child citibank.

Start your child off with a secured credit card. State laws and corporate policies vary but most banks aren t going to open accounts for anybody under 18 unless there s also an adult on the account. For the current terms and conditions please visit our website. It s what lee harris did for his daughter he had her earn money at her job toward the deposit.

A secured credit card requires a cash deposit to open a credit card account and the cash deposit acts as collateral in case the cardholder doesn t pay his or her bills. Your child who is 15 years and older can access his funds via atm machines or citibank online if you the adult account holder authorise to give the child the citicard. For people under the age of 18 opening a bank account is hard. Open a bank account online or simply enjoy our 24 hour citiphone banking facility.

Citibank basic bank savings account offers easy online banking coupled with numerous benefits. The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated. Containing the current residential address or bank statements issued by a bank. If a tin is unavailable an appropriate reason will have to be provided.

Citibank junior account is a kids children s savings account designed to inculcate the habit of saving in your child teach your child to manage finances to secure your child s future. Visit any citibank branch to open an account in person. Earn interest with your checking account. Makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners other entities.

While it might be possible to open a checking account for your child it s better to open a savings account. Make payments by check anytime and save yourself the hassles of settling by cash. Plus check the competitive interest rates on cds. Provide your taxpayer identification number tin.

Citibank terms and conditions apply are subject to change and are available upon request. How to open a bank account for children. Original documents need to be shown to the bank for. When opening a bank account for your child it s important to choose a strong financial institution and the right type of account.

Make swift and hassle free payments.