The percentage of teens who have opened a bank account varies somewhat by source, but recent data shows the figure commonly ranges between 40% and 63%. Key findings from 2025 sources indicate:
- About 49% of teens age 13-17 have opened bank accounts, according to a Fidelity study reflecting typical high school ages when teens start earning and saving money.
- Another survey finds around 63% of American teens have bank accounts, highlighting a trend where younger parents are opening accounts for their children at earlier ages.
- Some sources note a figure closer to 40%, but this might be from slightly older data or different populations.
Overall, it is fair to say that around half to two-thirds of teens in the U.S. currently have a bank account, with a growing trend toward earlier account opening driven by parental involvement and financial education efforts.