Open a bank account with your boyfriend so he can spend your hard earned money? Not just no, but hell no. There is no reason you need a joint account with your boyfriend at the age of 17. It would not be an intelligent decision even if you were 18 or 21. You would be smarter living with a roommate or in a dorm. Becoming dependent on your boyfriend at the age of 17 is just asking for trouble. Three years is not a long time and you may not even be together in another year or two. Go to college and focus on your education. Keep your finances separate even if you split bills 50 - 50. If this was his idea, run in the other direction. There is nothing worse than a controlling boyfriend that thinks he has the right to treat you as property and dictate your life.
You shouldn't have any problem opening an account with your bf, but he will likely have "control" of the account unless you wait until you're 18 (which I would recommend if it's not too far away). What does "control" mean? It means he will legally own the account and have to do all the administrative stuff for the account, and it will be in his name, but you can still have a debit card linked to the account (think of it like a dad wanting to give his daughter access to his account or something along those lines).
Now for some advice you didn't ask for :)
I live with my girlfriend. We've been together 3 years, and living together for about a year. Having a shared account makes things much easier and helps keep things fair. That said, I wouldn't recommend having only one account. Have 3 - One for each of you and a shared one for any shared expenses that you both deposit the same amount into each month, week, etc. Also don't listen to the BS from others about not sharing finances before you're married. You'll do it whether you have a joint account or not if you're living together, and having the joint account makes it soooo much easier. Just keep the account "lean" so that if either of you run off with all of the cash at some point, no one really loses much.
Best of luck.
Depending on the State? You are NOT 18 yet, so you cannot open a bank account. If you are from a State where legal age is 19 or 21. You would have to wait. Never open a bank account with a boyfriend, easiest way to find the account empty after an argument or fight.
Seriously that really is a dumb thing to do. You are just bf/gf and nothing more. You aren't married. Seems to me you just want tokeep track of what he's spending. But if he's smart he might agree with you and then put his money somewhere else in an account of his own. It's not a good idea to want to be or to be so controlling. If he's 18 and you're 17 and are bf/gf and doing sex together then what he's doing is statutory rape and can go to jail and that will ruin his future, so for sure don't live with him.
I've been married for just shy of ten years now. My wife and I still can't think of any good reason to open a joint account. We both know what bills need to be paid and what money both of us are making. (That means I pay all the bills/mortgage/long term savings, she pays for her car and the food). So long as we are still saving money and aren't missing bills I see no reason to change that. She can save up for things she wants. I can save about $20 a month if I skip lunch a few days and get my hair cut instead. :)
That's no reason to open a joint bank account. Keep your finances separate until/unless you are legally married.
Until he marry you , don't need to open a Joint Account . It can be a such Thing that you won't forgive yourself , neither forget that thing . I think you are clever enough to understand what I am trying to say .
So, be careful dear , very careful . It takes lots of effort to make money in legal ways. But need a fault step to Lose them :( .
BAD idea. VERY BAD idea. Never open a joint bank account unless you have the commitment of marriage. You would probably have a better luck gambling at a casino.
ONLY have a joint account if you have your own account where any money you receive gets paid into. You can then transfer whatever sum YOU want into that joint account
Under NO circumstances have a joint account if you dont have your own account.
ALWAYS keep YOUR finances separate from joint finances
not a good idea. MAYBE have a joint account where you both put in x% of your income each month. From that account pay the bills, pay the rent etc. But as teenagers do NOT have totally joined finances.
