What's the best way to open a bank account for a minor with a limited income?

I totally get why you'd want to teach your son about personal finance and responsibility - it's such an important life skill. I think it's great that he's already earning his own money from odd jobs, and opening a bank account is a fantastic next step. There are several banks that offer youth accounts with low or no minimum balance requirements, which would be perfect for your son's situation.

Some banks that come to mind are Bank of America, Wells Fargo, and PNC Bank - they all have youth accounts that are designed for kids like your son. These accounts usually have no monthly maintenance fees and no minimum balance requirements, which is great for someone with a limited income. You can also set up automatic transfers from his account to your family savings account, which is a great way to teach him about saving and budgeting.

I'd definitely recommend checking out the online banking and mobile apps for these banks, as they're all really kid-friendly and easy to use. For example, Bank of America has a mobile app that allows kids to track their spending and set savings goals, which I think would be really helpful for your son. You can also set up alerts and notifications to help him stay on top of his account activity.

Overall, I think it's a great idea to open a bank account for your son, and I'm sure he'll learn a lot from the experience. Just make sure to shop around and compare the different options before making a decision - and don't hesitate to reach out to the banks directly if you have any questions. Good luck, and I hope this helps - I'm sure your son will be a pro at managing his finances in no time!