Yes, you can open a bank account at 17, but the rules depend on your bank and whether you have a parent or guardian

Most banks let you open an account at 17 without a parent present, though some require you to be 18. A few banks have accounts specifically for teens that let you open one at 13 or 14. The catch is that if you are under 18, many banks will not let you manage the account entirely on your own — a parent or guardian may need to co-sign or stay listed as an account holder, even if they do not use it.

The fastest way to find out what your bank will allow is to call their customer service line or visit a branch in person. Bring your ID — a state ID, driver's license, or passport — and ask whether they offer teen accounts or whether you can open a standard checking or savings account at 17. If they say you need a parent, ask whether the parent has to be present or whether they can sign paperwork remotely.

If your bank says no, you have other options: some online banks have lower age minimums, and some credit unions let 17-year-olds open accounts without a co-signer. A few banks also offer accounts where a parent can open it on your behalf and transfer ownership to you at 18.

Key Takeaways

  • Most major banks allow 17-year-olds to open accounts, but some require you to be 18 or to have a parent co-sign.
  • Bring a valid ID (state ID, driver's license, or passport) to the bank branch or have it ready if you open an account online.
  • If your bank requires a co-signer, the parent or guardian does not always have to be present — many banks accept remote signatures.
  • Online banks and credit unions often have different age rules than traditional banks, so calling ahead saves a wasted trip.
  • Once you turn 18, you can convert a teen account to a standard account or open a new one without any co-signer.

What you need to bring or have ready

You will need a valid photo ID. A state ID, driver's license, or U.S. passport all work. If you do not have one yet, get it before you go to the bank — most banks will not open an account without it.

You will also need proof of your Social Security number. Bring your Social Security card, a tax return, a W-2 form from a job, or a letter from the Social Security Administration. If you do not have any of these, you can request a replacement Social Security card from your local Social Security office before you visit the bank.

If a parent or guardian needs to co-sign, they will need their own ID and proof of their Social Security number as well. Some banks let them do this remotely by signing documents online or by phone, while others require both of you to be present. Ask the bank which option they offer when you call.

Banks that let 17-year-olds open accounts without a co-signer

Some banks make it easier than others. Ally Bank, Charles Schwab, and a few online-only banks let you open an account at 17 without a parent signature, though you may need to provide additional information. Call or check their website to confirm current rules, since policies change.

Many credit unions also have lower age minimums or no co-signer requirement. If you are a member of a credit union through your school, employer, or family, ask them what age you need to be. Credit unions are often more flexible than big banks on this.

Local and regional banks vary widely. A small community bank might let you open an account at 17 with just your ID, while a large national bank might require a co-signer. This is why calling ahead matters — you may find a bank near you with rules that work for your situation.

What happens if your bank requires a parent or guardian

If your bank says a parent or guardian must be on the account, it does not mean you cannot use it. You can still deposit money, withdraw it, and use a debit card. The parent's name on the account just means they have legal access to it as well — they can see the balance and transactions, and they can withdraw money too.

This is a common setup for teen accounts. The idea is that the parent can monitor spending and help teach money management. Once you turn 18, you can usually ask the bank to remove the parent from the account and make it yours alone. Some banks do this automatically; others require you to request it in writing or in person.

If you want more privacy or independence before you turn 18, ask the bank whether they offer a teen account where the parent is listed but has limited access, or whether you can open a separate account that is yours alone. A few banks offer both options.

Opening an account online versus in person

Online banks often have simpler processes for teens because they do not need you to visit a branch. You can upload photos of your ID and Social Security card, and if a co-signer is needed, they can sign electronically. The whole process can take 10 to 20 minutes, and your account may be ready the same day or within a few business days.

Opening in person at a bank branch takes longer — usually 30 to 45 minutes — but you can ask questions and get help on the spot. If you have never had a bank account before or if you are not sure what type of account you need, going in person can be worth the time.

If you open online and a co-signer is required, the bank will send them a link to sign electronically. Make sure the co-signer checks their email and completes their part, or the account will not be finished.

What to do if you turn 18 before opening an account

If you are close to turning 18, you might want to wait. Once you are 18, you can open any account on your own without a co-signer, and you will have full control immediately. You will not have to deal with a parent being listed or having to convert the account later.

The downside is that you lose the time you could have spent learning to use a debit card, building a savings habit, or getting used to checking your balance. If you are 17 and want to start banking now, opening a teen account is worth it even if a parent is listed.

Frequently Asked Questions

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

No. Banks do not require you to have income or employment to open a checking or savings account. You can open one with money from gifts, allowance, or savings. Some accounts have minimum balance requirements, but many have none.

Can I get a debit card if I open an account at 17?

Yes. Most banks issue a debit card with any checking account, regardless of age. If a parent is a co-signer, the bank may issue a card in your name, in the parent's name, or both. Ask the bank what they do.

What if my parent will not co-sign?

Look for banks or credit unions that do not require a co-signer at 17. Online banks and some credit unions have lower age minimums. You can also wait until you turn 18 to open an account on your own.

Can I open more than one account at 17?

Yes, you can open multiple accounts at the same bank or at different banks. Some people open a checking account for spending and a savings account for goals. Just make sure you can manage both and understand any fees.

Will opening a bank account at 17 affect my credit score?

No. Opening a checking or savings account does not build or hurt your credit score. Credit scores are based on borrowed money — loans, credit cards, and payment history. A bank account is separate from credit.