You can open a checking account with your child online or in a branch, typically in five minutes or less. Your child must be at least 13 years old.The account holder must be 13 years old or older. Minors with an adult, and adults 18 and over can open one of our three checking accounts in minutes. Customers between 13 and 16 years old must open the Clear Access Banking account with an adult co-owner. In the US, at 18 yo, you can legally open your own bank account. Applicants under age 16 must have a parent or legal guardian as a joint account owner. Trust Accounts from Sacramento Credit Union help you create living trusts. Contact us about setting up a trust account and give your family peace of mind. Hopefully we helped answer "do I have to pay taxes on a 1099 R?