Common use of Terms and Conditions Applicable to All Youth Accounts Clause in Contracts

Terms and Conditions Applicable to All Youth Accounts. a. Any type of account, except an IRA account, is offered to eligible members up to eighteen (18) years of age. The terms and conditions applicable under Sections 4, 5, and 6 below will continue to apply, in addition to any terms designated for “Youth” accounts under those Sections or elsewhere in this Agreement. b. Upon your reaching eighteen (18) years of age, any “Youth” account will convert into a regular version of the same type of account. c. Upon your reaching eighteen (18) years of age, we may in our discretion require you to execute a new signature card, issue you a new account or member numbers, and/or confirm ownership of the account. d. A person who is eighteen (18) years of age or older is required to be a joint account owner on Youth checking accounts. However, Youth share savings accounts and other eligible accounts do not require a joint account owner over the age of eighteen (18) unless the minor is under the age of fourteen (14) years old. e. The minor owner’s Social Security Number/Tax Identification Number is used for the Backup Withholding Certification on Youth accounts.

Appears in 4 contracts

Samples: Share Account Agreement, Share Account Agreement, Share Account Agreement

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Terms and Conditions Applicable to All Youth Accounts. a. Any type of account, except an IRA account, is offered to eligible members up to eighteen (18) years of age. The terms and conditions applicable under Sections 4, 5, and 6 below will continue to apply, in addition to any terms designated for “Youth” accounts under those Sections or elsewhere in this Agreement. b. Upon your reaching eighteen (18) years of age, any “Youth” account will convert into a regular version of the same type of account. c. Upon your reaching eighteen (18) years of age, we may in our discretion require you to execute a new signature cardmembership application, issue you a new account or member numbersnumber, and/or confirm ownership of the account. d. A person who is eighteen (18) years of age or older is required to be a joint account owner on Youth checking accounts. However, Youth share savings accounts and other eligible accounts do not require a joint account owner over the age of eighteen (18) unless the minor is under the age of fourteen (14) years old. e. The minor owner’s Social Security Number/Tax Identification Number is used for the Backup Withholding Certification on Youth accounts.

Appears in 1 contract

Samples: Share Account Agreement

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Terms and Conditions Applicable to All Youth Accounts. a. Any type of account, except an IRA account, is offered to eligible members up to eighteen (18) years of age. The terms and conditions applicable under Sections 4, 5, and 6 below will continue to apply, in addition to any terms designated for “Youth” accounts under those Sections or elsewhere in this Agreement. b. Upon your reaching eighteen (18) years of age, any “Youth” account will convert into a regular version of the same type of account. c. Upon your reaching eighteen (18) years of age, we may in our discretion require you to execute a new signature card, issue you a new account or member numbers, and/or confirm ownership of the account. d. A person who is eighteen (18) years of age or older is required to be a joint account owner on Youth checking Youthchecking accounts. However, Youth share savings accounts and other eligible accounts do not require a joint account owner over the age of eighteen (18) unless the minor is under the age of fourteen (14) years old. e. The minor owner’s Social Security Number/Tax Identification Number is used for the Backup Withholding Certification on Youth accounts.

Appears in 1 contract

Samples: Share Account Agreement

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