Are there any age requirements for account holders?

OneWest Bank typically requires account holders to be at least eighteen years of age to open an individual account. This age requirement aligns with standard banking practices in the United States, where individuals must reach the age of majority to enter into legal contracts, including opening a bank account. However, there may be options for minors to have accounts, such as custodial accounts, which allow a parent or guardian to manage the account until the minor reaches adulthood. These accounts can provide young individuals with an opportunity to learn about banking and financial management under the guidance of an adult. For specific details regarding the types of accounts available and any unique requirements or options for minors, it is advisable to refer to the information provided on the current OneWest Bank webpage.