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Message: <blockquote data-quote="WizarDru" data-source="post: 5082466" data-attributes="member: 151">Just to clarify, there is no federal regulations that I'm aware of that prevents minors from opening up their own bank accounts.  Regulations that exist are on the state level, more generally.  The primary reason that few banks or states allow minors to open accounts is because it is a legal contract and few states or banks are willing to engage in such transactions....but some do or are willing to do so.In some cases, UTMA and UGMA apply, allowing minors to get custodial accounts where parents can transfer gifts and money into the account but otherwise can't touch them (nor can the minors).  Most options for minors are for savings accounts, not checking accounts.  But the details vary with each bank and state combination...there are general rules that apply but it's not always that simple.In other words, the point is that some minors do have bank accounts and while it's not that common, there are banks that will allow minors to open an account by themselves.  A checking account is much less likely and having an account without parental contact is also rare, but not impossible.</blockquote>