Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

Paypal

I'm 16. Is it possible to have a Paypal account to store money without a credit/debit card? Cause I'm kinda scared to ask my parents to set up an account for me, and I don't have a card.

Probably a stupid question.

(edited 4 years ago)

Careers Forum Helper

yes but once they realise you arent 18, usually happens after you have transferred a total of 2.5k, they will close your account but you can keep your money. eventually they will ask for ID and your account will always be closed since you made it before u were 18

Legally, no. As the other user said if/when they find out you opened the account under age they'll close it (its a pain when they do that)

Capitalist_Lamb

Original post by Wyvern1Summy

I'm 16. Is it possible to have a Paypal account to store money without a credit/debit card? Cause I'm kinda scared to ask my parents to set up an account for me, and I don't have a card.

Probably a stupid question.

You could always open up a savings account with your current bank. At least that way you can also earn some interest on it (not much but some)

Quick Reply

Related discussions

Latest

Trending

Trending

Articles for you

Terms and conditions

What is an LLM and how could it benefit your career?

What is an LLM and how could it benefit your career?

Powerful questions business students forget to ask their career advisers

Powerful questions business students forget to ask their career advisers

Why I chose a law degree and what studying law was like

Why I chose a law degree and what studying law was like