Yes, you can open a bank account at 15, but you'll need a parent or guardian to co-sign

Most banks will let you open a checking or savings account at 15, but they require a parent or legal guardian to be on the account with you. This is called a joint account or sometimes a custodial account. The adult is responsible for the account until you turn 18, at which point you can take over on your own or close it and open a new one in your name alone.

The exact age when you can open an account varies by bank — some start at 13, others at 15 or 16. A few banks let you open an account at any age if a parent is present. The best way to find out what your bank offers is to call their customer service line or visit a branch in person with your parent or guardian.

Key Takeaways

  • You can open a joint account at most banks starting at age 15, but a parent or guardian must be on the account with you.
  • You will need a government-issued ID (like a state ID or passport) and proof of your address, plus your parent's ID and documents.
  • A joint account lets you learn how to manage money while your parent can monitor the account and help you avoid overdrafts.
  • Once you turn 18, you can convert the account to your name alone or open a separate account without a co-signer.

What documents you'll need to bring

When you and your parent go to the bank, bring a government-issued photo ID for yourself — a state ID, driver's license, or passport all work. You'll also need proof that you live at your current address, which can be a utility bill, lease, or school ID with your address on it. Some banks accept a report card or a piece of mail addressed to you.

Your parent or guardian will need their own government-issued photo ID and proof of address. If your parent is not your biological parent — for example, if a grandparent or aunt is your legal guardian — bring the legal guardianship papers. The bank will make copies of everything, so bring originals.

How a joint account works when you're under 18

On a joint account, both you and your parent have full access to the money. Your parent can see every deposit and withdrawal, and so can you. Either of you can withdraw money or make deposits. This means your parent can help you avoid overdrafts (spending more than you have) and can step in if something goes wrong.

Some banks offer accounts designed for teens that come with limits — for example, you might not be able to overdraft, or you might have a daily withdrawal limit. Ask the bank whether the account has these protections. They can help you learn to manage money without the risk of accidentally spending money you don't have.

What happens when you turn 18

On your 18th birthday, you become a legal adult and can manage your own finances. You have three main options: keep the joint account as is (your parent stays on it), convert the account to your name alone (your parent comes off), or close it and open a new account in your name only.

Most people convert the account to their name alone by going to the bank with their ID. The bank will remove the parent from the account, and you'll take over completely. If you want to close the account and start fresh somewhere else, you can do that too — just make sure you have a new account open before you close the old one, so you don't lose access to your money.

Why opening an account at 15 matters

Starting a bank account early builds your financial history. Banks and other lenders look at how long you've had an account and how responsibly you've used it. If you open an account at 15 and use it well for three years, you'll have a track record by the time you're 18 and want to open a credit card or take out a loan for a car.

An account also teaches you how to budget, save, and avoid fees. You'll see how deposits and withdrawals work in real time, and you'll learn what happens if you spend more than you have. Your parent can help you understand these lessons without the stakes being as high as they would be if you were managing money completely alone.

Banks that let teens open accounts

Most major banks — including Chase, Bank of America, Wells Fargo, and Citibank — offer accounts for teens 13 and up with a parent co-signer. Credit unions often have similar programs. Some online banks like Ally and Charles Schwab also offer teen accounts, though you may need to set them up online with your parent present.

If you're looking for an account with extra protections or features designed for teens, ask your bank what they offer. Some accounts come with no overdraft fees, spending alerts that text your parent, or the ability to set savings goals. Comparing what different banks offer takes a few phone calls, but it's worth it to find an account that fits how you want to learn.

What to do if your parent won't co-sign

If your parent or legal guardian is unwilling or unable to co-sign, you have limited options before age 18. Some banks will open a savings account (but not a checking account) without a co-signer, though this is rare. A few credit unions have programs for teens without a parent, but these are not common.

If you're in a situation where you can't access a parent or guardian — for example, if you're in foster care or living independently — talk to a school counselor, social worker, or trusted adult about your options. Some nonprofits and community organizations help young people in this situation open accounts or manage money safely.

Frequently Asked Questions

Can I open an account online at 15, or do I have to go to a branch?

Most banks require you to visit a branch in person with your parent to open an account at 15, because the bank needs to verify both of your identities and get your parent's signature. A few online banks may let you start the process online, but you'll still need to complete it in person or by mail with your parent's involvement.

Will my parent be able to see my PIN and passwords?

Your parent will have their own PIN and login credentials for the account, but they won't automatically see yours. However, on a joint account, your parent can call the bank and ask about the account balance or transaction history anytime. If you want privacy, talk to your parent about what information they'll check and how often.

What if I want to open an account without telling my parent?

You cannot open a bank account at 15 without a parent or legal guardian co-signing. Banks are required by law to verify your identity and get permission from an adult responsible for you. Trying to open an account without a co-signer will not work.

Can I have my own account separate from my parent's?

No, not at 15. Any account you open at that age must have a parent or guardian on it. Once you turn 18, you can open accounts in your name alone without a co-signer.

Do I need a Social Security number to open an account?

Yes, the bank will ask for your Social Security number. If you don't have one, you can explore for one through the Social Security Administration before you go to the bank. Bring your birth certificate and ID when you explore.