Uniform Transfer to Minors Account

If you’re like most parents, you want to make sure your child is financially secure. Save for your child's future with a Uniform Transfer to Minors Account (UTMA).

• The UTMA account is set up to hold funds for a minor.
• Dividends earned are reported in the child's Social Security Number.
• Only the custodian has access to the account information and funds.
• Funds deposited into the account are a permanent gift to the minor.