I opened a bank account when I was 18. Are my parents allowed to close it if I'm over 20?

[Anonymous]

[Anonymous]

If it is a joint account then you could open an account which is only in your name and then transfer the entire balance to the new account.

If it is already only in your name then your parents can't do anything to your account but then can obviously blackmail you about any other help they are providing to you.

In any case your parents sound like dicks.

[AviatorTom]

Were your parent listed as co-owners of the account? If so, they have as much right to the money (to deposit, withdraw, close the account) as you do. If not, the bank would not allow them to touch your account.

I suspect the former is the case... you and your parents are joint owners.

[GoodGuyBreakingBad]

If you are age 18 and older, your parents shouldn't be allowed to close a bank account in your name but if they can prove you were using their money foolishly then they can close it, but again I could be wrong. Check into the laws where you live by contacting and have a session with a legal aid attorney and check with what they can gather for you the laws where you live also make sure you have a photo ID etc.

[xColinx]

I wouldn't think so, but you could give your bank a call and probably get a straight answer.

Can I ask why they'd want to close it without your consent?

[Asker]

I wasn't being honest about my spending purpose. So they decided to permanently close my bank account as punishment. I opened this account when I entered college at 18. But I'm not entirely sure if they're allowed to close it.

[xColinx]

Was it a joint account (with one of your parents name also on the account)?

If not, that seems wack for the bank to allow someone other than you to close it.

[Asker]

The account only has my name on it. But my parents did help me with the minimum opening deposit. So I guess they're not allowed to close it?

[Static_In_The_Attic]

If you opened up a bank account you are the only one that can close it unless there is someone else’s name on the account.

[slatyb]

At 18 you are a legal adult in most countries and your parents cannot access your accounts.

[exitseven]

no. the account ibelongs to you. Only you can close it. Msybe the IRS can too.

[HippieVeganJewslim]

If they would be allowed, whichever country You reside in is screwed! Probably not, unless it’s a joint account, or something.

[Christoff92]

No. If you're in Canada legal age is 18. So they can't. What country are you from?

[In_Trance]

not unless it's a joint account. Even then, you would have to sign off

[MementoMori777]

Nope.