Common use of Minor Accounts Clause in Contracts

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.