Common use of Accounts with Minors Clause in Contracts

Accounts with Minors. A minor (under the age of 18) is allowed to open a single membership account, which may include: a share account, clubs, share certificates, CU eStatements, Online Banking, Mobile Banking and Trademark Audio. A minor Member may not have a checking account, debit card or Bill Pay unless he or she has a joint membership account with an adult. This adult Joint Owner must be primarily liable to the Credit Union for any returned item(s), overdraft(s), unpaid charges and/or fees. The Credit Union may make payment of funds directly to a Member who is under 18 years of age without regard to his or her minority status.

Accounts with Minors. A minor (under the age of 18) is allowed to open a single membership account, which may include: a share account, clubs, share certificates, CU eStatements, Online Banking, Mobile Banking and Trademark Audio. A minor Member may not have a checking account, debit card or Bill Pay unless he or she has they have a joint membership account with an adult. This adult Joint Owner must be primarily liable to the Credit Union for any returned item(s), overdraft(s), unpaid charges and/or fees. The Credit Union may make payment of funds directly to a Member who is under 18 years of age without regard to his or her minority status.