Help with trust account

Discussion in 'Loans & Mortgage Brokers' started by Keentolearn77, 28th Jul, 2020.

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  1. Keentolearn77

    Keentolearn77 Well-Known Member

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    Hi does anyone know a bank that will allow a parent to open a bank account for their 16-year-old son has a trustee for their son
    We tried the NAB and they said no because he’s over the age of 14??
     
    Keentolearn77, 28th Jul, 2020
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Same as the CBA, you can only become a signatory on the account, if your child gives permission.
     
    Scott No Mates, 28th Jul, 2020
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I would have thought all of them
     
    Terry_w, 28th Jul, 2020
    #3
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