My mom opened me a Bank of America student's bank account few years ago. Now I'm 18, I have my own job. We both agreed that she'll let me manage my bank account alone without any of her controls, meaning we'll have separate bank accounts. Is that possible? If so, please help me on this. Thanks!How to separate my student's bank account from my parent's bank account?
yes, it's absolutely possible.
When you were below 18, the account was custodial, and so, your mom needs to be in the account. But once you turn 18, that can be converted to a personal account, that means you can make transactions without your mom's presence or approval.
In order to convert it and remove the custodian (your mom) from the account, you need to visit your branch and they'll give you a new account agreement.How to separate my student's bank account from my parent's bank account?
If you have an account, and you put your your money in, and take your money out, and no one else takes your money out, then you have your own account..it doesn't matter if your mothers name is on it or not...
There are advantages to her name being there...
However, if you are both putting in money, and both taking out money, that could be confusing...since you are 18, go to the bank, and open your own account.....
F%26amp;G or M%26amp;G open account for a minor: it will be operated for the benefit of the children; when you attain majority , go to the bank with details of proof: age,
If you are 18 then you should be able to have your own account. It may be necessary to close your current account. You could leave her on the account or close it and open another. Check with your bank and see what they suggest.
if your account number is different than hers, and her name is on YOUR account, since youa re now 18 you can have her removed. with her permission and signature
You have to take your mom/whomever the joint account is with to the bank and have them remove the other holder.
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