Open Bank Account For Child Citibank

For people under the age of 18 opening a bank account is hard.

Open bank account for child citibank. How to open a bank account for children. When opening a bank account for your child it s important to choose a strong financial institution and the right type of account. 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. 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.

Citibank basic bank savings account offers easy online banking coupled with numerous benefits. Original documents need to be shown to the bank for. Earn interest with your checking account. Open a junior savings account for your kid today and get great saving plans with citibank junior debit card for children above 15 years of age.

Provide your taxpayer identification number tin. The interest bearing citibank checklink savings account is a class above conventional current accounts. Makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners other entities. Start your child off with a secured credit card.

Containing the current residential address or bank statements issued by a bank. You must sign the citibank junior savings account application for citicard and atm pin issuance form before the issuance can take place. Make swift and hassle free payments. Make payments by check anytime and save yourself the hassles of settling by cash.

Citibank terms and conditions apply are subject to change and are available upon request. The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated. 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. If a tin is unavailable an appropriate reason will have to be provided.

Open a bank account online or simply enjoy our 24 hour citiphone banking facility. It s what lee harris did for his daughter he had her earn money at her job toward the deposit. Open a checking or savings account with no minimum opening deposit and enroll in citi thankyou rewards to earn points with an eligible checking package. While it might be possible to open a checking account for your child it s better to open a savings account.

Visit any citibank branch to open an account in person.