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XFactorLogo · 03-31-2008, 10:51 PM

I'm in a little predicament here.

I have started completing web graphic jobs in California about three months ago, such as making logos/business cards/website headers just as a way to accumulate enough funds to purchase electronics that my parents refuse to fund (Macbook, iPod Touch, etc) and my venture has expanded quite a bit within these three months from where I first expected. As you can imagine, I have quite a stash in my Paypal now.

However, I would like to become Verified/add a bank account to my account.

Just a few statements before I ask my questions, just to make sure we all know the same information about my circumstances.

1) I am under 18.
3) I reside in California, US.
2) During the registration process for my Paypal account, no date of birth was required to complete the registration. I have not lied in any part of the registration process.
3) My address is confirmed. (My parents have fully supported my graphics venture, and have given me a credit card only to lift my Paypal spending limit, and not use it for other purposes)

My questions are:

1) In the United States, are minors legally allowed to have bank accounts?
2) If not, (see question 1) can my parents open a joint account for me?
3) If I attempt to become "Verified" with a "joint" account, can Paypal find out I am underage?
4) Does the Paypal "Verification" process match the Paypal account holder's name to the bank account holder's name? The way I read Paypal's Terms of Service, Paypal can freeze the funds in my accounts if they find out I am underage. Correct?

03-31-2008, 10:51 PM	#1 (permalink)
XFactorLogo Junior Member Join Date: 01-30-08 Posts: 5 iTrader: 0 / 0% Latest Blog: None	Paypal account, under 18. I'm in a little predicament here. I have started completing web graphic jobs in California about three months ago, such as making logos/business cards/website headers just as a way to accumulate enough funds to purchase electronics that my parents refuse to fund (Macbook, iPod Touch, etc) and my venture has expanded quite a bit within these three months from where I first expected. As you can imagine, I have quite a stash in my Paypal now. However, I would like to become Verified/add a bank account to my account. Just a few statements before I ask my questions, just to make sure we all know the same information about my circumstances. 1) I am under 18. 3) I reside in California, US. 2) During the registration process for my Paypal account, no date of birth was required to complete the registration. I have not lied in any part of the registration process. 3) My address is confirmed. (My parents have fully supported my graphics venture, and have given me a credit card only to lift my Paypal spending limit, and not use it for other purposes) My questions are: 1) In the United States, are minors legally allowed to have bank accounts? 2) If not, (see question 1) can my parents open a joint account for me? 3) If I attempt to become "Verified" with a "joint" account, can Paypal find out I am underage? 4) Does the Paypal "Verification" process match the Paypal account holder's name to the bank account holder's name? The way I read Paypal's Terms of Service, Paypal can freeze the funds in my accounts if they find out I am underage. Correct?