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← Lesson
Opening Your First Bank Account
Question 1 of 7
Multiple choice
Why should someone under 18 check a bank's youth-account rules before applying?
Every bank uses the same federal youth-account design
Age eligibility and whether an adult must be an owner, custodian, or sponsor vary by institution and account
Parents are legally required to monitor every purchase until age 21
Minors can never use debit cards
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