Minor Account

For any account opened by or for a minor, the credit union reserves the right to require the adult opening the account, to provide trustees for minor account who shall be liable to conduct transactions for minor until the minor reaches the legal age of 18 years.  Upon completing the age of 18 years, a minor can transfer his/her account to an adult account providing valid identification.

Required Information to open a minor account:

• Full legal name.
• Correct permanent address – proof of address such as utility bill form parent/guardian.
• Birth certificate, passport, Social Security ID card.
• Name of parent/guardian.
• Name of trustees authorized to conduct transactions on behalf of minor.
• Date  and place of birth.
• Nationality.
• Contact details e.g. telephone number, cell number, email address etc..
• Purpose of account.
• Nature and value of expected transaction.
• Any other information deemed appropriate by SFXCU.