Overdraft and Charges on Business Account in Business Bank accounts and charges Posted June 16, 2010 Welcome to the site. You say that you opened this at 17 ? So how long exactly was that ago ? What was the name of the account ? Do you still have any paperwork from when you opened this ? Thank you. Yes, it was opened at the age of 17, which was 3 years ago. The account is called 'Barclays Business Essentials'. I have no paperwork, as in a contract or anything, for the account, just the card and chequebooks. I was under the impression that under 18s can't legally enter a binding contract or accumulate debt. However, I'm unsure if the fact I've done nothing about it for the last 2 years will really work in my favour.