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If you’re interested in opening a bank account with a friend at the age of 21, it’s important to first research the specific requirements of the bank you’re interested in. Generally, to open a bank account, you will need to provide some personal identification, such as a passport or driver’s license, as well as proof of address, such as a utility bill or lease agreement.
Some banks may allow you to open a joint account with a friend, which would allow both of you to access and manage the account. However, keep in mind that joint accounts can come with their own risks and considerations, such as how to handle disputes over account management or funds.
It’s also worth considering the financial goals and needs of both you and your friend before opening a joint account. Will you be using the account primarily for shared expenses, or will you also be depositing and withdrawing money independently? Discussing these details with your friend beforehand can help ensure that you both have a clear understanding of how the account will be used and managed.
