What is a Minor account?
A Minor account is a custodial account that a parent, natural guardian, or person providing chief support establishes for a child under the age of 18. You may purchase, redeem, receive gift deliveries, and perform other transactions within the account on behalf of the minor. When your child reaches age 18 and establishes a TreasuryDirect account, you may de-link the securities into the child’s account. De-linking refers to moving the Linked account’s securities to a Primary TreasuryDirect account. If you choose to continue to maintain the account once the minor reaches age 18, you are restricted from performing nearly all transactions, however, you can still purchase securities on the child’s behalf. Minor accounts are not available in entity accounts.
