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minors bank accounts

Started by c-lyn7, Jul 14, 2004, 11:31:14 PM

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c-lyn7

if a child under the age of 18 say 17 has a checkings account with this persons parents names also on the account, and the minor wants to take their parents off, are they able to do so?

junglechicken

I'm about 95% sure that parents need to give permission to take their signing authority away from their child's account, and they may even have to transfer the money into a different account under just the child's name.