Banking Awareness - Types Of Bank Accounts
Who is legally authorised to operate a minor’s bank account in most cases?
Who is legally authorised to operate a minor’s bank account in most cases?
easy Q1 of 15
Step-by-Step Solution
Step 1: Identify the account holder.
The account holder is a minor.Step 2: Apply banking and legal rules.
Minors cannot enter contracts independently.Final Answer:
The guardian of the minor → Option BQuick Check:
Minor + bank account = guardian operation ✅
Quick Trick: Minor accounts are always guardian-operated.
Common Mistakes:
MISTAKES- Assuming minors can operate accounts without restrictions.
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