This feature is not fully available yet, but it will be ready soon. For now, a minor between the ages of 13-17 can sign up for a Yotta account, but they cannot yet connect a bank account or fund a Yotta account.
Yotta offers accounts for minors who are 13 to 17 years old when they are sponsored by a given adult. A given adult can sponsor up to two minors, as well as have their own separate Yotta account.
If a minor signs up, they can connect an external bank account to their Yotta account, but they won't be able to deposit or withdraw money until they get an adult who is at least 18 years old to sponsor their account.
Once the sponsor provides their information, the minor account will function the same as all other Yotta accounts.
The information required from the sponsor is the following:
First and last name
Date of birth
Social Security Number
The given adult enters this information with the same cellphone that the minor is using to download the Yotta app and sign up for an account.
Note: The sponsor does not have to be a legal guardian or a family member. The person just has to be at least 18 years old.