Open Bank Account For Child Citibank

Citibank junior account is a kids children s savings account designed to inculcate the habit of saving in your child teach your child to manage finances to secure your child s future.

Open bank account for child citibank.

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. Provide your taxpayer identification number tin. Make swift and hassle free payments. Original documents need to be shown to the bank for.

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. 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. Containing the current residential address or bank statements issued by a bank. For people under the age of 18 opening a bank account is hard.

Plus check the competitive interest rates on cds. 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. Earn interest with your checking account. The interest bearing citibank checklink savings account is a class above conventional current accounts.

If a tin is unavailable an appropriate reason will have to be provided. You must sign the citibank junior savings account application for citicard and atm pin issuance form before the issuance can take place. Start your child off with a secured credit card. Citibank terms and conditions apply are subject to change and are available upon request.

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. Visit any citibank branch to open an account in person. While it might be possible to open a checking account for your child it s better to open a savings account. When opening a bank account for your child it s important to choose a strong financial institution and the right type of account.

Citibank basic bank savings account offers easy online banking coupled with numerous benefits. Makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners other entities. Open a bank account online or simply enjoy our 24 hour citiphone banking facility. For the current terms and conditions please visit our website.

The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated.