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I'm 26 years old and I had a investment account with my financial planner and I did a draft on the account and the check has my dads name on it first and says "cust" after his name because he was the custodian of the account and on the next line is my name it DOES NOT have the work "and" in between the 2 names does he also have to endorse it since it's going into my own account without his name on the account it's going into?
February 4, 2016 07:41:56 AM
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In reply to Jacek, Southington
Welcome to TD Helps, Jacek. We're happy to clear up some confusion with you.
Typically, with a Young Saver's account the Custodian on the account only has access to the funds. If you are of legal age, you and your father both may visit us at a TD Store to close the account and disperse the funds as necessary. You would then be able to transfer the funds into a new account that you would have full access to. To take a look at TD Stores near you and their hours please visit http://bit.ly/TDStores.
Here's a link our Personal Deposit Account Agreement for you to view for more specific information about our account terms: http://bit.ly/1kb17UQ. You may locate the information that answers your question in great details on page 17.
Let us know if you have any other questions, Jacek. Have an awesome day!
Kris M, Mt. Laurel
February 4, 2016 07:42:42 AM