Yes, a 17-year-old can open a bank account, but the rules depend on the bank and the account type

Most banks allow 17-year-olds to open a checking or savings account, but you will need a parent or guardian to co-sign or be listed as a joint account holder. The bank treats you as a minor, which means the adult on the account has legal responsibility for it and can see all transactions. A few banks offer teen accounts specifically designed for this age group, with features like spending limits and parental controls built in.

The exact requirements vary by bank. Some require the parent to be present in person; others allow you to open the account online with a parent's digital signature. You will need a government-issued ID (usually a state ID or passport) and proof of your Social Security number. If you do not have an ID yet, some banks will accept a school ID plus a birth certificate instead.

Key Takeaways

  • Most banks require a parent or guardian to co-sign your account or be listed as a joint owner if you are 17.
  • You will need a government-issued ID and proof of your Social Security number to open an account.
  • Teen-specific accounts often include parental controls and spending limits, which can help you learn money management.
  • Some banks allow online account opening with parental consent, while others require an in-person visit.

What documents you need to bring

Bring your government-issued ID — a state ID, passport, or military ID. If you do not have one yet, bring your school ID plus your birth certificate. You will also need proof of your Social Security number, which can be a Social Security card, a tax return, or a W-2 form from a job.

Your parent or guardian will need to bring their own government-issued ID as well. If you are opening the account online, you may be able to upload photos of these documents instead of showing them in person. Call the bank ahead of time to ask what they accept.

In-person versus online account opening

Many large banks — including Chase, Bank of America, Wells Fargo, and Ally — allow you to open a teen account online with a parent's digital signature. The process usually takes 10 to 15 minutes. You will enter your personal information, your parent enters theirs, and the bank verifies your identity using the documents you upload.

Smaller banks and credit unions may require you to visit a branch in person. This takes longer but gives you a chance to ask questions and understand the account features before you sign. If your bank requires an in-person visit, both you and your parent will need to go together.

Teen accounts versus regular joint accounts

A teen account is designed specifically for minors and usually includes parental controls. Parents can set daily spending limits, see all transactions in real time, and restrict certain types of purchases. Some teen accounts have no monthly fees and no minimum balance requirement. Examples include Chase First Banking, Bank of America's Secure Student Checking, and Capital One's MONEY teen account.

A regular joint account is a standard checking or savings account with two owners listed. The parent has the same access and control as they would on any account they own. There are usually no special features for teens, and the account may have a monthly fee or minimum balance. A joint account is simpler if your bank does not offer a teen product, but a teen account often gives you more learning tools and fewer restrictions as you prove you can manage money responsibly.

What happens to the account when you turn 18

When you turn 18, you can remove your parent from the account or convert it to a solo account in your name alone. Some banks do this automatically; others require you to visit a branch or call to make the change. Your account number and routing number usually stay the same, so any direct deposits or automatic payments will keep working.

If your parent wants to stay on the account after you turn 18, they can, but they will no longer have legal authority over it — you will both be equal owners. You can also choose to close this account and open a new one on your own if you prefer a fresh start.

Banks and credit unions that accept 17-year-olds

Most national banks accept 17-year-olds with a parent co-signer. Chase, Bank of America, Wells Fargo, Citibank, and TD Bank all offer teen or youth accounts. Online banks like Ally, Charles Schwab, and Discover also allow minors to open accounts, usually entirely online.

Credit unions often have lower fees and more flexible rules. Many will open accounts for 17-year-olds and may not charge monthly fees. Ask your parents if they belong to a credit union, or search for one in your area using the CO-OP or Allpoint networks. Local credit unions sometimes have teen-specific programs with financial education built in.

What you can and cannot do with a teen account

You can deposit money, withdraw cash, use a debit card, and set up direct deposit from a job. You can transfer money between your own accounts at the same bank. Most teen accounts let you use the bank's mobile app and online banking to check your balance and see your transactions.

You usually cannot overdraft (spend more than you have) without your parent's permission, and some accounts block overdrafts entirely. You may not be able to write checks, take out a loan, or open a credit card. These restrictions are designed to protect you while you learn, and they lift when you turn 18.

Frequently Asked Questions

Do I need a job to open a bank account at 17?

No. You do not need income or employment to open a checking or savings account. You can deposit money from gifts, allowance, or your own savings. Some banks ask about income on the application form, but having none will not stop you from opening an account.

Can I open a bank account without my parent knowing?

No. Because you are a minor, your parent or guardian must be involved in the account opening process. They will need to sign documents or provide digital consent, and they will be listed as a co-owner or authorized user. You cannot hide the account from them.

What if my parent does not want to co-sign?

You will need to find an adult willing to co-sign — a grandparent, aunt, uncle, or other guardian can do this instead of your parent. If no adult is willing, you will have to wait until you turn 18 to open an account on your own. Some states have laws allowing minors in foster care or certain other situations to open accounts without a co-signer; ask your bank if this applies to you.

Will opening a bank account affect my credit score?

No. Opening a checking or savings account does not create a credit report or affect your credit score. Credit scores only come into play when you borrow money or use credit. A bank account is simply a place to store and manage your money.

Can I have multiple bank accounts at 17?

Yes. You can open accounts at different banks as long as a parent or guardian co-signs each one. Some people open one account for spending and another for savings to keep their money organized. Just remember that each account may have its own fees and minimum balance requirements.