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I recently turned 18, and would like to remove the custodial hold on my UTMA account and convert it into a Student Checking account. How can I go about doing this? Do I need the custodian to go to the bank with me? Must I go in person, or is there a way of doing this online? Thank you so much for any help you can offer.
June 9, 2017 11:55:33 AM
In reply to Lily, Chicago
Happy Belated Birthday, Lily!
We'd be happy to help you get into a TD Student Checking account.
If you were listed as the minor on an UTMA account, the status does not automatically change upon reaching 18 years of age. The custodian on the account will need to be the one to initiate withdrawing the funds and closing the account. Once that's completed, the custodian can provide you the funds to open a new TD Student Checking account. We would recommend doing this in person in a TD Bank Store to make it easier. You can find all of our locations by clicking here: https://go.td.com/1nq31dc.
We see that you're writing to us from Chicago, so if you're unable to visit us at one of our Stores, you may be able to open the new individual account online or by phone. To compare all of our checking accounts, please click here: https://go.td.com/2eQORxu. More specifically, to review information about our TD Student Checking, please click here: https://go.td.com/2kSzkU8. We also have a page full of tips for Student Banking Services at https://go.td.com/2sbydDm.
If the custodian of your UTMA account is near a TD Bank Store, we recommend that he/she close the account out in person. If they are not able to visit a Store, they can mail a signed and notarized request for the account to be closed to the home Store where the account was opened. They can find that address by clicking the link provided above.
We welcome you and your custodian to give us a call anytime at 888-751-9000 with any questions you may have. We're available 24/7. You're also invited to visit us at any of our Stores.
Have a great weekend, Lily!
Customer Service Team, Mount Laurel
June 9, 2017 11:55:52 AM
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