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Is it against the law for underage people to have a bank account

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It depends on the country and what law they are applying. In my native country, underage people are allowed to have a bank account as long as they enroll it with an adult guardian or parents. There is no age limit for the young ones.
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I do not think that it is against the law. You can put it this way children or teens below 18 years old are not qualified to open their bank accounts.
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Different country have different rules. In my country underage peoplw cannot have their own bank account, but they can have a bank account with their own name indirectly with all the legal documants belonging to the parent and they can get the full access to it once they hit the legal age.
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In our country, no. There are banks that actually offer saving accounts for children. It's usually like a joint account for the child and the parent. 
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I agree with you. But it is also possible to have a bank account for a child with a parent or parents consent. It happens to my niece and his father.
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It is not against the law for underage people to have bank accounts because they are free to have teens and children account under a guardian.
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It is not against the law for underage people to have a bank account, but there are certain restrictions.

In the United States, for example, a child under the age of 18 can open a bank account with a parent or legal guardian as a co-signer. This means that the parent or legal guardian is also responsible for any transactions made on the account. Some banks may also require a child to be at least 13 years old to open an account. Other countries have different laws, so it's best to check with the specific bank or financial institution for their requirements.
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It depends on the country for example the federal policies in United States of America only allow individuals age 18 or older to own Bank account. 
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No, it is not generally against the law for underage people to have a bank account. However, the requirements for opening a bank account as a minor may vary depending on the laws and policies of the country or state you live in.

In many places, minors under the age of 18 can open a bank account with the consent of a parent or guardian. This may require the parent or guardian to be listed as a joint account holder or to provide a signature or other form of authorization.

It's important to note that while minors can have bank accounts, they may have limited access or control over the account. For example, some banks may restrict the amount of money that a minor can deposit or withdraw without a parent or guardian's approval.

If you are a minor interested in opening a bank account, you should check with your local bank or financial institution to find out their specific requirements and policies.
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It is not necessarily against the law for underage people to have a bank account. The majority of banks require customers to be at least 18 years of age in order to open an account. Some banks may allow minors to open accounts with a parent or guardian's permission. It is important to check with your local bank to find out their specific policies.
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No, it is not against the law for underage individuals to have a bank account, but they may need a parent or legal guardian to co-sign or manage the account.
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In my country underage peoplw cannot have their own bank account, but they can have a bank account with their own name indirectly with all the legal documants belonging to the parent and they can get the full access to it once they hit the legal age.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
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In my country underage peoplw cannot have their own bank account, but they can have a bank account with their own  with all the legal documants belonging to the parent and they can get the full access to it once they hit the legal age.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
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