Yes, a 17-year-old can open a checking account, but the rules depend on the bank and whether a parent or guardian co-signs
Most banks allow 17-year-olds to open a checking account, but you will need a parent or guardian to co-sign or be listed as a joint account holder. A few banks have accounts designed specifically for teens that let you open one without a co-signer, though these are less common. The account type, fees, and features available to you depend on which bank you choose and whether you open it alone or with an adult.
The key difference is between a joint account (where a parent has full access and control) and a custodial account (where the parent supervises but you have more independence). Some banks also offer teen-specific accounts that sit somewhere in between. Before you go to a bank, know which structure you want and whether the bank offers it.
Key Takeaways
- Most banks require a parent or guardian to co-sign a checking account for a 17-year-old, though a few offer teen accounts that do not.
- A joint account gives the parent full access; a custodial account gives the teen more control while the parent supervises.
- You will need a government-issued ID (state ID, passport, or learner's permit) and proof of address to open an account.
- Teen checking accounts often have lower or no monthly fees and may limit ATM withdrawals or spending, but features vary widely by bank.
- Some banks let you open an account online if a parent verifies their identity; others require you to visit a branch in person.
What you need to bring to open an account
Bring a government-issued ID with your photo and date of birth. A state ID, passport, or learner's permit all work. If you do not have one yet, some banks will accept a school ID plus a birth certificate, but call ahead to confirm.
You will also need proof of your current address. A utility bill, lease, or recent bank statement in your name works. If nothing is in your name, a parent's bill with your name written on it is usually accepted. Bring the parent or guardian who will co-sign as well — they will need their own ID and proof of address.
Some banks ask for a Social Security number. If you do not have one, you can still open an account at most banks, but they may require an Individual Taxpayer Identification Number (ITIN) instead. Ask the bank before you go.
Joint accounts versus custodial accounts
A joint account lists both you and the parent as owners. The parent can see all transactions, withdraw money, and close the account without your permission. This is the most common structure for teens under 18. It gives the parent full oversight and is straightforward to set up at any bank.
A custodial account is held in your name, but the parent is listed as the custodian. You have more control — the parent cannot simply withdraw your money — but they can still see activity and set limits. Fewer banks offer custodial accounts for minors, and the rules vary. Some custodial accounts automatically transfer to you when you turn 18 or 21; others require paperwork to convert.
Ask the bank which structure they use before you open the account. If you want more independence, ask specifically whether they offer custodial accounts. If they do not, a joint account is your only option at that bank.
Banks and credit unions that accept 17-year-olds
Most major banks accept 17-year-olds with a co-signer: Chase, Bank of America, Wells Fargo, Citibank, and US Bank all offer teen or youth checking accounts. Credit unions often have more flexible rules and lower fees. If your family belongs to a credit union, ask whether they have a teen account — many do, and some allow you to open one with just a parent's permission rather than requiring them to be a joint owner.
Online banks like Chime, Greenlight, and Current specialize in teen accounts and often let you open one entirely online if a parent verifies their identity. These accounts usually have no monthly fees and include features like spending limits and parental controls. However, online banks have fewer physical branches, so if you need to deposit cash regularly, a traditional bank or credit union may be more convenient.
Call or visit the bank's website before you go. Ask whether they accept 17-year-olds, what documents you need, whether a parent must be present, and whether they offer joint or custodial accounts. This saves a trip if the bank has a different age requirement or process.
Opening an account in person versus online
Most traditional banks require you to visit a branch in person with a parent or guardian. The process usually takes 15 to 30 minutes. You will fill out an account application, show your ID and proof of address, and the parent will sign paperwork. The account is usually open the same day, and you can get a debit card immediately or have one mailed to you within 5 to 10 business days.
Online banks and some credit unions let you open an account from home. You upload photos of your ID and proof of address, and a parent verifies their identity online using their own ID and Social Security number. The process takes a few minutes, but the account may not be fully active for 24 to 48 hours. A debit card is mailed separately and arrives in 5 to 10 business days.
Online opening is faster and more convenient, but you cannot deposit cash without a physical location. If you receive cash regularly and need to deposit it quickly, a bank or credit union with branches near you is more practical.
Fees, limits, and features of teen accounts
Teen checking accounts often have no monthly maintenance fee, unlike standard adult accounts. Some banks waive the fee only while you are under 18; others keep it waived through age 21 or 25. Read the terms carefully, because the fee may kick in when you turn 18 unless you meet a condition like maintaining a minimum balance or setting up direct deposit.
Many teen accounts limit ATM withdrawals — for example, allowing 6 free withdrawals per month and charging a fee for each one after that. Some limit daily spending or require parental approval for purchases over a certain amount. Online banks like Greenlight and Current let parents set custom spending limits and block certain types of purchases (like fast food or gaming). Traditional banks usually do not offer this level of control.
Most teen accounts include a debit card, online banking, and mobile app access. Some include overdraft protection (which prevents you from spending more than you have) or a savings account linked to the checking account. Check what is included before you open the account, because features vary widely.
What happens when you turn 18
When you turn 18, the account does not automatically close or change. If it is a joint account, it usually stays joint unless you or the parent requests a change. You can ask the bank to convert it to an account in your name alone, but the parent may need to sign off. If it is a custodial account, it may automatically convert to a standard account in your name, or you may need to visit the bank to complete the conversion.
Check your account agreement or call the bank before you turn 18 to understand what happens next. Some banks charge a fee to convert the account; others do it for free. If you want to move to a different bank at that point, you can open a new account and transfer your money.
Frequently Asked Questions
Can I open a checking account without a parent if I am 17?
A few online banks and credit unions allow it, but most traditional banks require a parent or guardian to co-sign. Call the bank or check their website to see whether they have an account you can open alone. Even if they do, the parent may still need to verify their identity online.
What if I do not have a state ID or passport?
Some banks accept a school ID plus a birth certificate. A few accept a learner's permit. Call the bank first to ask what they will take, because policies vary. If you cannot get any government ID, ask whether the bank has an alternative process.
Can my parent see all my transactions?
If it is a joint account, yes — the parent has full access. If it is a custodial account, the parent can see activity but cannot withdraw your money without your permission. Ask the bank which type you are opening so you know what privacy to expect.
Will opening a checking account affect my credit score?
No. Opening a checking account does not create a credit report or affect your credit score. Credit scores are based on borrowed money and how you repay it. A checking account is just a place to store and spend money you already have.
What if the bank denies my application?
Banks sometimes deny accounts if you have a history with ChexSystems (a checking account reporting system) or if there is an error on your ID. Ask the bank why they denied it. If it is a ChexSystems issue, you can dispute it. If it is your ID, get it corrected and try again at a different bank.