Minor Accounts. A minor Account may be established as a Joint Account or as a Personal Account and the minor is designated as the Primary Account Holder. We reserve the right, in our sole discretion, to require that a Joint Account Holder who may be a parent, or a legal guardian or conservator appointed by the court, and at least 18 years of age be placed on the Account. This additional Joint Account Holder will be jointly and severally liable to BECU for any loss, including without limitation any returned item, negative balance, unpaid charges, or amounts owing on the Account and any and all additional Joint Accounts opened by the minor or Joint Account Holder. Without the consent of a parent, legal guardian, or conservator, the minor is not authorized to open additional Joint Account(s) provided, however, it is not BECU’s responsibility to prevent a minor from opening any Additional Accounts. We have no duty to inquire as to the use or purpose of any transaction by a minor or any other Joint Account Holder. When the minor reaches the age of 18 years old, we are not required to, and typically will not without a request from the minor or the other Joint Account Holder, change the Account status to remove the other Joint Account Holder from the account.
Minor Accounts. We may open a Savings, Checking, or other Account for a minor, receive payment or pay withdrawals on the Account by or for a minor, and act in any other matter on the order of the minor without regard to the minor's capacity, and we are discharged from liability to the extent of any such actions. We may require that certain minor Accounts be jointly owned with an adult 18 years of age or older. Unless a parent or guardian is a Joint Owner on a minor Account, the parent or guardian shall have no rights to access or obtain information about the Account. Even if a parent, guardian, or another adult is a Joint Owner on a minor Account, the minor as an Account owner has the right at any time to withdraw the Account funds and close the Account.
Minor Accounts. We may open accounts for a minor, receive payment or pay withdrawals on accounts by or for a minor, and act in any other matter on the order of the minor without regard to the minor’s capacity, and we are discharged from liability to the extent of any such actions. We reserve the right to require that a minor account be jointly owned by an adult. Unless a parent or guardian is a Joint Owner on a minor account, the parent or guardian shall have no rights to access or obtain information about the account. Even if a parent or guardian is a Joint Owner on a minor account, the minor as an account owner has the right at any time to withdraw the account funds and close the account. Minors under the age of 18 may not open a checking account individually. Nothing in this Agreement shall be construed so as to diminish the Credit Union’s rights with regard to minor accounts under the Texas Credit Union Act.
Minor Accounts. Accounts may be established in the name of or for the benefit of minors in accordance with applicable state law. If the Bank establishes an account in the name of a minor and one or more adults, each adult is fully responsible for all liabilities arising from the account.
Minor Accounts. A minor account is established as an Account and the minor is designated as the Primary Member. We reserve the right, at our sole discretion, to require that a Joint Account Holder be placed on the Account who may be a parent, or a legal guardian appointed by the court, and at least eighteen (18) years of age. This additional Joint Account Holder will be jointly and severally liable to BECU for any returned item, negative balance, unpaid charges, or amounts owing on the Account and any and all additional Joint Accounts opened by the minor or Joint Account Holder regardless of the minor’s rights regarding such contracts. We have no duty to inquire as to the use or purpose of any transaction by a minor or any other Joint Account Holder. When the minor as Primary Member reaches the age of eighteen (18) years old we are not required to, and typically willnot without a request from the minor or the other Joint Account Holder, change the Account status to remove the Joint Account Holder from the account.
Minor Accounts. In respect of account(s) opened in the name of minors (whether or not jointly with an individual who is not a minor), the Bank shall be entitled to act on the instructions received from the guardian named on the account opening form, irrespective of whether the minor account holder ceases to be a minor until the Bank receives written notice to cease to act on the guardian’s instructions
Minor Accounts. A parent or legal guardian may execute the Individual Retirement Account Authorization Form on behalf of a minor. In the event this Xxxx XXX is established for a minor, the parent or legal guardian is authorized, on behalf of such minor, to take whatever actions are afforded under the terms of this Agreement, other than designating any beneficiaries. Xxxxxx Xxxxx has no obligation or duty to investigate, review or question the action of the parent or legal guardian. The parent or legal guardian, by establishing this Xxxx XXX on behalf of a minor, agrees to indemnify and hold harmless Xxxxxx Xxxxx and its affiliates from any losses, claims or damages, including court costs and reasonable attorney fees incurred by Xxxxxx Xxxxx or its affiliates, as a result of or in connection with establishing or maintaining the Xxxx XXX in the name of the minor.
Minor Accounts. At our option, we may accept deposits in the name of a minor. We may require that a minor Account have a creditworthy joint owner at least 18 years of age who shall be jointly and severally liable for any amounts owing to us out of the Account. We may open certain other Accounts for a minor, receive payment or pay withdrawals on the Account by or for a minor, and act in any other matter on the order of the minor without regard to the minor's capacity, and we are discharged from liability to the extent of any such actions. Unless a parent or guardian is a Joint Owner on a minor Account, the parent or guardian shall have no rights to access or obtain information about the Account. Even if a parent, guardian, or another adult is a Joint Owner on a minor Account, the minor as an Account owner has the right at any time to withdraw the Account funds and close the Account. When the minor reaches the age of 18, we may require the consent of all Account owners before changing the form or ownership of the Account.
Minor Accounts. For any account established by or for a minor, the Credit Union reserves the right to require the minor account owner to have a parental joint account owner or custodian who is at least eighteen (18) years of age and who shall be jointly and severally liable to the Credit Union for any returned item, overdraft, unpaid fees, or amounts on such account. The Credit Union may make payments of funds directly to the minor without regard to his or her minority. The Credit Union has no duty to inquire of the use or purpose of any transaction by the minor or joint account owner. The minor account owner’s TIN must be shown on the Membership Application. The Credit Union shall not change the account status prior to the minor reaching age eighteen (18), unless authorized in writing by all account owners. When the minor reaches age eighteen (18), the account ownership will not change unless there is a written order from all account holders. Upon turning eighteen (18) minor accounts will convert to standard, full member accounts.
Minor Accounts. For any account established by or for a minor, the Credit Union reserves the right to require the minor account owner to have a parental joint account owner who is at least eighteen (18) years of age who shall be jointly and severally liable to the Credit Union for any returned item, overdraft, or unpaid charges or amounts on such account. For a joint account, all funds in the account shall be owned as a joint account with rights of survivorship unless otherwise indicated on the Account Card. The Credit Union may make payments of funds directly to the minor without regard to his or her minority. The Credit Union has no duty to inquire of the use or purpose of any transaction by the minor or joint account owner. The minor account owner's tax identification number must be shown on the Card.
