Who's it For?
This is the maximum age a child can be to open a SafeBalance for Family Banking account.
What is 18 years old?
The account owner must be at least this age.
What is 18 years old?
Parents can set limits in this area of the child's spending.
What are spend categories?
Family Banking is considered this type of account opening experience.
What is digital only?
Each SafeBalance for Family Banking account allows one parent owner and this many children.
What is one child?
Children can begin digital access at this age with parental consent.
What is 6 years old?
The parent must already have one of these at Bank of America.
What is a checking or savings account?
Parents can establish these two types of limits.
What are spending limits and withdrawal limits?
Associates can assist clients by adding Family Banking to this.
What is the Digital Assisted Shopping Cart (DAS)?
If a parent has multiple children, each child requires one of these.
What is a separate application/account?
SafeBalance for Family Banking may be a better fit for children under this age due to account protections.
What is 14 years old?
The parent must also have this to open the account.
What is Online or Mobile Banking login access?
Parents can temporarily do these two things to a child's physical or virtual debit card.
What are lock and unlock the card?
The child can see these accounts when they log in.
What is only their Family Banking account?
Apple and Google Wallet users must generally be at least this age.
What is 13 and 16 years old?
Family Banking is usually not the best fit for a teen who just got one of these.
What is a job/paycheck?
Small Business and Merrill versions of this are not eligible.
What are Online IDs?
Only this person can deposit money into the account.
Who is the parent/account owner?
Parents can view the Family Banking account alongside these.
What are their other Bank of America accounts?
A parent owns a BOA checking account and has a 10-year-old child. The child has digital access and a debit card. The child receives money from grandparents and just got a summer job. The parent asks whether Family Banking supports direct deposit, ACH transfers, and Zelle payments from others.
What is No, because only the parent can deposit funds into the account, including direct deposits, ACH transfers, and Zelle transfers?
This banking account may be a better fit for a teenager wanting direct deposit.
What is Advantage SafeBalance Banking?
Name one form of identification needed for the child.
What is an SSN, ITIN, or non-U.S. passport?
These two services are not available on Family Banking accounts.
What are Zelle® and Direct Deposit?
To order a debit card during account opening, select this option in the application.
What is the Child Debit Card checkbox?
A 12-year-old can access Family Banking digitally, but this popular payment method may still not be available.
What is an Apple Wallet or Google Wallet, due to age restrictions set by the wallet provider?