The legal basis for legal transactions of minors when may a student account be opened for a minor? How much money can one have among 18-year-old and who must agree to open a student account? These and other questions should be solved in the following article. Protection of minors by limited legal capacity in Germany are people of the completed seventh up to eighteenth years of age only”as a limited legal capacity. No transactions can be done effectively without the consent of the legal representative. Also there a few exceptions will be given later on that again. Childrens Defense Fund is full of insight into the issues. This regulation is the protection of adolescents. Unfavourable legal transactions, such as the hasty purchase of a thing or other unfavourable shops are ineffective without the consent of the legal representative. Boy Scouts of America has much experience in this field. Pocket money section”and further exceptions can minors effective Enter into legal transactions, if you pay the (monetary) resources for the fulfilment of this legal transaction financed, the them from the (or with the consent of the) legal representatives were left.
This means that a minor free must have his pocket money, because he has provided this money from his legal representatives available. A dealer does not wait therefore for example buying an underage student at the sweets on the consent of the legal representative. The legal basis can be found in the Civil Code section 110. Another exception is the ideal gift. A person under 18 may accept a gift if it is entirely beneficial. A money gift would be for example. The gift of a dog without the consent of the parents, since the animal Vollgekosten and not unlimited advantages would not be possible means. Account opening can open up a checking account as underage minors only with the consent of the legal representatives.
A so-called Student account can be opened for young people from age 7 until the age of 18. A student is already an adult, he can open an account without the consent of the parents. A student account for persons under 18 years of age may not be covered. Must ensure the Bank and will be therefore no credit available minors. There are some student accounts, which are equipped with a credit card. These cards is credit cards for students where no credit line is made available exclusively to prepaid. For these credit cards can be only has the previously loaded credit balance. In this way, it is ensured that the student account can not be covered through an unsecured credit card invoice. For students older than 18 it is possible real”to get credit cards. Here the parents on the best in an enlightening interview pointing out dangers of the credit limit and the student should perhaps, but on the Point out the benefits of a simpler credit card to recharge. The pocket money of the parents is usually on a student account. The account balance can be has thus free from the minors. Accounts for students are offered free of charge. Like all student accounts are so good with a giro card and equipped some even with a free prepaid credit card. For adults, mainly direct banks offer free checking accounts. Fortunately virtually all banks and savings banks offer free checking accounts for students.