Opening Minor Accounts: Ownership, CIP & Access

Compliance Frontline & New Accounts Deposit Account Compliance

On-Demand Webinar:

StreamedJun 3, 2026Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Protect young accountholders, avoid CIP missteps, and keep minor accounts compliant from the first deposit to the day they become adults.

This concise program will explain what financial institutions can and cannot do when serving under‑age accountholders. It will review ownership options for children and grandchildren, including custodial, joint, and minor accounts, and address CIP and documentation expectations. Attendees will learn practical dos and do nots for account setup, check handling, and granting and monitoring access.

KEY WEBINAR TAKEAWAYS

Types of legal ownership for minors: UTMA, CESA, multiple party accounts, minors alone (in some states)
Issues with debit cards on checking, UTMA, Social Security, and guardianship accounts
Minors’ access to information on UTMA, Social Security, or guardianship accounts
Can a minor negotiate checks made payable to themself?
Old stylings like “minor by” that can give big headaches
Can you require two signatures on minor accounts? Can you let a minor sign a contract?
What happens when the minor or the adult on an account passes away?
Can a minor take over the account at a certain age?
Hotspots and troubling issues when you open accounts for minors

This webinar is part of the Account Opening Series

BONUS MATERIALS

New Accounts Manual

WEBINAR DETAILS

This program will help you confidently manage minor accounts by clarifying what you can and cannot do for under-age accountholders. Learn how to set up accounts for children and grandchildren, review available ownership options, and understand how to transition minors into adult accounts. We cover essential dos and don’ts for account setup, check handling, and granting access. Join us for this concise, information-packed A-to-Z session on managing minor accounts.

WHO SHOULD ATTEND?

Call center representatives
Branch managers
Tellers
Branch operations
Training

TAKE-AWAY TOOLKIT

Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.