ATM Card: A minor may have an ATM card on their statement savings account as long as the parent/legal guardian signs as the responsible party.

Debit Card: A minor may have a debit card on their student checking account as long as the parent/legal guardian signs as the responsible party.

Notations:

On accounts owned individually or jointly by a minor, deposits and withdrawals are allowed without requiring permission from the parent/legal guardian. If the parent/legal guardian wishes to eliminate the minor’s ability to withdraw, they may want to consider opening an account with the minor as beneficiary, which means they will not have the capability to withdraw.

• • If a minor owns an account jointly, only the account owners can withdraw from the account. The parent/legal guardian has no right to the funds unless they are a joint account holder. The parent/legal guardian may come in with the minor, and then we would allow the minor to withdraw.
  • If a minor owns an account individually and the parent/legal guardian comes in wishing to withdraw from the minor’s account, they must prove that they are the parent or legal guardian.