I have 200$ to my name. I have to use that money for something important (to buy a bike for bike deliveries for my job)
And you have to deposit 200$ in your bank inorder to open an account.
Can I just deposit 200$ for the creation of the bank account then just take it back out?
No. Find a different bank. Credit unions are even better, if one is handy.
> Your parents need to be on the account anyway, so ask them for a permanent loan of $200 that always stays in the bank to keep the account open. After you make enough money, you can pay them back (or keep the arrangement).
That's possible, but read the account details, in some cases they charge a monthly service fee if your balance is below a certain amount.
Yes you can but it will cause more issues as you need funds in the account to cover the monthly fee
no
