New York  |  Banking Law

Legal Question

Asked on: 6/10/13, 8:40 am

What is the law position in the State of New York regarding a minor opening a bank account?

1 Answer


Answered on: 6/10/13, 8:50 am by Locksley Wade

A bank account is a contractual obligation. Contractual obligations are not enforceable against minors. Therefore, banks are under no obligation to open a bank account with a minor.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Law Office of Locksley O. Wade 11 Broadway, Suite 615 New York, NY 10004

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

209 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search