Banking for Minors

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August 25, 2024 3 min read Definitions
Custodial Account: Financial Accounts for Minors
Finance Banking Custodial Account Minor Accounts Banking for Minors Financial Planning Kiddie Tax
A custodial account is a financial account that parents or guardians create for a minor, typically at a bank or brokerage firm. Minors cannot make financial transactions without the approval of the account trustee.
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