Minor Accounts. For any account established by or for a minor, WECU 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 WECU for any returned item, overdraft, unpaid fees, or amounts on such account. WECU may make payments of funds directly to the minor without regard to his or her minority. WECU 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 Account Card. WECU shall not change the account status prior to the minor reaching age eighteen (18), unless authorized in writing by all account owners.
Appears in 4 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement
