Opening Minor Accounts

During this webinar, you will learn how to answer your adult account holder's questions on how to set up accounts for grandchildren, for college, and many other reasons to set up minor accounts. We will review the basic legal ownerships you may offer for your minor account holders. We will talk about how to transition them into adult accounts. We will look at do’s and don’ts of account card set up for minors.

Covered Topics:

  • All the types of legal ownership for minors: UTMA, CESA, joint accounts, guardianships, social security representative payees and child actor trusts
  • Issuing debit cards to minors
  • Can a minor negotiate checks made payable to him or her
  • Old stylings like "minor by" that can give big headaches
  • Can you require two signatures on minor accounts? Can you let a minor sign a contract?
  • What happens when the minor dies on an account? What happens when the adult passes away?
  • Can minors take over the account at a certain age?
  • Hotspots and troubling issues when you open accounts for minors

Who Should Attend?

This informative session will be useful for new account representatives, customer service representatives, member service representatives, branch administration, branch operations, branch managers, personal bankers, compliance, BSA and anyone who opens new accounts.


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   Live Plus Five (days) - $265   
   OnDemand Recording Only - $295   
   CD-ROM and Hardcopy Handouts - $345   
   Live Plus Six (months) - $365   
   Premier Package - $395   
Additional Locations
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.
Each additional location adds $75 to your registration and can be entered on the next screen as you confirm your order.