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what is the eligibility to hold a atm card?

my bro is only 15! can he own a atm card??????? what is the minimum balance he should have............which indian bank allows a 15 yr old boy to have an atm card

plz help me..................

5 Answers

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  • Flyby
    Lv 6
    1 decade ago
    Favorite Answer

    I am not familiar with the laws in India, but in the U.S. you must be at least 18 years old to have a bank account.

  • Anonymous
    1 decade ago

    there is no eligibility criteria except the fact that you must be an account holder in the respective bank. I think if your brother is only 15 years of age, he can certainly be a partner in the account if and only if one of your parents or a guardian partners the account but he cannot own an ATM card for sure at such a tender age.

  • 1 decade ago

    Open a joint account in any bank you want. First name should be of your parent, and the second name should be of your brother. It will basically a minor's account maintained by your parents. The bank will provide an ATM card to both the holders. So, your brother will be able to hold and use the card.

  • 1 decade ago

    In america most bank as a way to encourage good fiscal spending allow highschools to have an atm/debit card that is cosigned with their parents.

    This is good to teach them to balance a check book and manage money.

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  • 1 decade ago

    u should be atleast 18 years old to hold an atm card

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