Sage-Tips

Can I make a bank account at 17 in Pakistan?

Junior Account for anyone under the age of 18: If you are under the age of 18 and legally not eligible to open a bank account, you can still open a Junior Account with DIBPL. No Minimum Balance: A Junior Account can be opened with as little as Rs. 5.

Can my 17 year old get a bank account?

Since minors generally can’t open bank accounts by themselves, you’ll typically need to be a joint owner of the account, which may actually be a good thing. It’ll give you the chance to compare banks and find features that are important to both of you.

How can I open a bank account under 18 in Pakistan?

1. A photocopy of Form-B, Birth Certificate or Student ID card (as appropriate) of the minor.
2. A photocopy of any one of the following valid identity documents of the guardian of the minor: Computerized National Identity Card (CNIC) issued by NADRA. National Identity Card for Overseas Pakistani (NICOP) issued by NADRA.

How can a 17 year old open a bank account?

You can only open an account in branch. You’ll need to bring in your ID (passport, national identity card or birth certificate) and your parent or guardian will need their ID and proof of address, such as a UK bank statement or utility bill.

Can a child under 18 open a bank account?

Bank accounts are usually opened for children or minors by their parents or guardians for multiple reasons, but the most prominent among them is that it serves as a learning experience for them on how to manage money and save it. Any person below the age of 18 years is considered a minor.

Can I open a bank account before 18?

Bank savings account opened for a minor between 10 years and 18 years of age can be operated by the child but converted into a regular account later on. You can even open minor accounts for children below the age of 10 years.

What bank is best for students?

Best Student Bank Accounts as of December 2021

• Best Overall: Chase Bank College Checking Account.
• Best For High School Students: Capital One MONEY Account.
• Best For Encouraging Saving: Bank of America Advantage Banking.
• Best Fee-Free Account: Discover Cashback Debit Account.