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Any way to get a debit card as a minor without parent consent?

Personal Finance & Money Asked by Bill Richard on February 3, 2021

Yes, this question has been asked before, but never really answered. Most questions involve a credit card, which in this case I’m asking about a debit card.

Hi, I’m a 16 year old student facing some troubles at home. I develop software already, and am making a decent amount of money (almost more than my mom). The issue I’m having is that my mom thinks it’s okay to take my money whenever she pleases, making up some excuse to justify her unjust actions.

Although this is an interpersonal issue, I’m looking to see if anyone knows if there is a chance of getting a reloadable debit card as a minor.

Yes, I am aware that since I am a minor, I am not allowed to enter legally binding contracts, however, I still have hope as I am looking for a debit card instead of a credit card, where the risk for the card issuer is a lot less.

I’ve looked into some alternative sources of debit cards such as cryptocurrency debit cards. The issue with these is that US regulations enforce them to verify my identity, and those who don’t enforce this have had their cards revoked by the issuer because of political pressure.

I feel like there has to be some way of being able to have legal control over my money, as my parents do not respect my earnings and legally they have full rights to touch my money as it is a joint account.

Looking for any advice!

2 Answers

It depends on where you live. I live in Canada, vancouver and Bank of Montreal let me opened my own account without my parents. If you go to the bank, you may be able to see. Also, I was with PayPal for quite a while. Either way, you can also go to somewhere like money mart and get a cheque with your name on it. I don't believe that your parents can check out a cheque in your name.

By the way, I live in Canada so cheque = check

Answered by The Creeper on February 3, 2021

While I don't know of any way you could get a DEBIT card, there may be a way you can keep this money from your parents.

You can apparently open a savings account as a minor, without having your parents with you.

You can get deposits into a savings account from your software business. You may even be able to withdraw money from it on a limited basis, I believe you're allowed up to 6 withdrawals per month as a federal rule in the states.

Here's a link someone sent me on quora when I asked a similar question as a comment: https://www.wellsfargo.com/savings-cds/kids/

Apparently minors can open that savings account (And I'm now sure you could find others) without parents, but you'd need a drivers license / other good form of ID to do so.

If you open a savings account, you can withdraw your money either in person at the bank, or possibly at an ATM. Ask your local bank about this if they will let you open a savings account.

Answered by schizoid04 on February 3, 2021

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