Page Title: Manage Direct > Establish an Account for a Minor
What you can do on this page:
You may establish a Minor account to be linked to your Primary account. You can even create a customized name, such as "Ben's College Fund," for the account.
Select "Use my Primary Account Information" and "Use my Primary Bank Information" to use the account address, contact, and primary bank information already supplied in your Primary account. You may provide different information for these areas if you wish. If you choose to enter new bank information, we encourage you to abbreviate or condense the Bank Name and Name(s) on the Account. Automated Clearinghouse (ACH) rules limit the amount of space we can provide.
The account offers many of the same capabilities you enjoy in your Primary account. You may receive gifts and purchase and redeem securities on behalf of the minor. Holdings in a Minor account are kept separately from your Primary account. They can only be accessed through your Primary account.
In the Submission section you certify:
- You have provided the minor's correct Taxpayer Identification Number. (This is typically the Social Security Number.)
- The minor is NOT subject to backup withholding.
- The minor is a U.S. person.
HELPFUL HINT: You may provide a cell phone number in the Account Information section as your contact phone number for the Minor account.
Primary Actions
- Click "Submit" to go to Manage Direct > Establish an Account for a Minor > Review.
- Click "Cancel" to return to Manage Direct.