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An alternative to a custodial account is a savings account that’s designed for children under age 18, and there is joint ownership between the parent and child.
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To open a new bank account, you must meet certain qualifications. Factors that banks and credit unions consider include: Age: Typically, you must be at least 18 years old to open an account of ...
Make sure you — and any joint account owners — have the following information ready when you open the account in person or online: Government-issued identification, such as a driver’s ...
Children's Savings Accounts (CSAs) are a type of savings accounts in the United States, usually specifically designed for higher education savings. They are often available through state or local government programs or nonprofit organizations , in partnership with banks and credit unions .
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