Open Bank Account For Child Citibank

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Open bank account for child citibank.

If a tin is unavailable an appropriate reason will have to be provided. Start your child off with a secured credit card. Open a bank account online or simply enjoy our 24 hour citiphone banking facility. 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.

For the current terms and conditions please visit our website. For people under the age of 18 opening a bank account is hard. 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. The interest bearing citibank checklink savings account is a class above conventional current accounts.

Make swift and hassle free payments. 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. 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. How to open a bank account for children.

Original documents need to be shown to the bank for. You must sign the citibank junior savings account application for citicard and atm pin issuance form before the issuance can take place. Visit any citibank branch to open an account in person. Citibank terms and conditions apply are subject to change and are available upon request.

Citibank basic bank savings account offers easy online banking coupled with numerous benefits. It s what lee harris did for his daughter he had her earn money at her job toward the deposit. Plus check the competitive interest rates on cds. The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated.

When opening a bank account for your child it s important to choose a strong financial institution and the right type of account. Provide your taxpayer identification number tin. Earn interest with your checking account. 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.

Make payments by check anytime and save yourself the hassles of settling by cash.