Youth Accounts

UTMA Accounts |Joint Accounts with a Parent or Guardian | Good Start Checking

• Savings account opened by a parent /custodian for minor (minor does not have access to account) Uniform Transfer to Minor Account.

• This accounts holds funds that belong strictly to the minor, and will be turned over to the minor when he/she turns 18 (custodian must initiate this - TCFCU won’t do this automatically).

• Only one custodian allowed.

• This is a savings account which is opened by the minor with a joint owner (adult over 18) - typically the minor’s parent(s) or guardian(s).

• Minor will have full access to funds in the account and can perform transactions that we allow.

• No custodian like in an UTMA account.

• Typically for minors ages 14-17.

• Anyone age 14-25 can open (whether a student or not)

• Ages 14-17 must have a qualifying adult owner too;

• Get a debit card to make purchases and access funds via ATM

• Sign-up for direct deposit and watch your money grow

• $25.00 minimum opening deposit (instead of $50.00)