Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
My daughter is now 21 and wanted to close her utma account and remove the money but she was told that she could not.
March 14, 2016 09:19:38 AM
In reply to Mary, westfield
Welcome to TD Helps, Mary. We're happy to help point you in the right direction for more information!
Though the child on the account may have be over the age of 18, the Custodian is still the only Authorized Signer and must be the one to close a Young Saver account. Once the child is of legal age, at your choosing, both may visit us at a TD Store to close the account and disperse the funds as necessary. The child would then be able to transfer the funds into a new account that he or she would have full access to. To take a look at TD Stores near you and their hours please visit http://bit.ly/TDStores.
Please know that if you are the Custodian, you would have access to the account on your own in a variety of ways, with or without the minor. Feel free to contact us 24/7 at 888-751-9000 or step inside your local TD Bank Store for assistance with any additional account inquiries you may have.
Let us know if you have any other questions, Mary.
Kris M, Mt. Laurel
March 14, 2016 09:19:54 AM