Bunny Club Accounts:

1. iTrust  FCU will open a Bunny Club savings account for children birth -5 years old. 

2. Accounts may be opened with a minimum deposit of $5.00, and they will have 12 months to save one share ($101.00), so they can receive dividends on their savings. There will be a $1.00 new account fee. 

3.  If the account is closed within less than 12 months, there will be a closed account fee of $5.00 to close. Accounts that have not reached $100.00 after 12 months will be closed with fee. 

4.  The accounts will be required to have an adult (over 18 years old) joint owner.** 

5.  There will be a limit of 1 withdrawal per quarter to be paid by check only. 

** All rules for minor accounts apply. See minor account rules.  

    Bubble Gum Club:

1. iTrust  FCU will open a Bubble Gum Club savings account for children 6-12 years old. 

2. Accounts may be opened with a minimum deposit of $5.00, and they will have 12 months to save one share ($101.00), so they can receive dividends on their savings. There will be a $1.00 new account fee. 

3.  If the account is closed within less than 12 months, there will be a closed account fee of $5.00 to close. Accounts that have not reached $100.00 after 12 months will be closed with fee. 

4.  The accounts will be required to have an adult (over 18 years old) joint owner.** 

5.  There will be a limit of 1 withdrawal per quarter to be paid by check only.   

            Key Club Accounts:

1. iTrust  FCU will open a Key Gum Club savings account for children 13-17 years old. 

2. Accounts may be opened with a minimum deposit of $5.00, and they will have 12 months to save one share ($101.00), so they can receive dividends on their savings. There will be a $1.00 new account fee. 

3.  If the account is closed within less than 12 months, there will be a closed account fee of $5.00 to close. Accounts that have not reached $100.00 after 12 months will be closed with fee. 

4.  The accounts will be required to have an adult (over 18 years old) joint owner.** 

5.  There will be a limit of 1 withdrawal per quarter to be paid by check only.   

  Minor Accounts: 

1. A minor is any person who has not reached the age of majority (18 years of age in most states) as provided by law. Since a minor cannot enter into a binding contractual agreement, there will be certain limitations and restrictions that will apply to these accounts. 

2.   There are two ways to open minor accounts: 

A.  Minor name and parent(s) jointly. The minor has equal access to the funds. The account is opened as below.

B.  Grandparent’s account — This account will be opened as a suffix under the grandparent’s account (suffix 21 through 91) with the grandparent’s name and social security number. The child’s name will be joint. This will allow the grandparent to maintain some control over the account, but the minor has equal access to the funds. 

3.   iTrust  FCU will open savings accounts for minors of any age in the name of the minor as long as the parent or legal guardian is joint on the account, and the minor has a valid social security number of their own. The account will be opened as a sub account of the parents account under the suffix 21 through 91. 

4.   The child will be the primary owner of the account and the child’s social security number will be used on the account. 

5.   If the child is able to sign (in cursive), he or she should sign and fill in the current date. If the child is unable to sign (in cursive), the adult should sign for the child (e.g “Johnny Doe by Mary Doe”). Any adult owner must also sign, even if he or she signed for the minor. 

6.   Accounts may be opened with a minimum deposit of $5.00, and will have 12 months to save one share ($101.00), to receive dividends on their savings. There will be a $1.00 new account fee. The $100.00 cannot be withdrawn until the account is closed. No withdrawals will be allowed until they have the $100.00 minimum balance in the account. 

7.   If the account is closed and has been open less than 12 months, there will be a closed account fee of $5.00. Accounts that have not reached $100.00 after 12 months will be closed with fee. 

8.   There will be a limit of one withdrawal per quarter to be paid by check only. No transfers out. 

9.    These accounts do not qualify for ATM, ET, or ACH access.

 10.   Opening a minor account with a prime account number is discouraged, but would be permissible under certain conditions.