Sentences with phrase «held in a custodial account»

These types of accounts, where financial gifts to a minor are held in a custodial account until the child reaches adulthood, offer another option for saving for your child's education.

It's important to understand the following: property held in a custodial account is owned by the child.

Even if funds in your American Express Serve Account (whether held by us or held in a Custodial Account) are protected from claims by our creditors, in the unlikely event of our insolvency, it is possible that you will not have access to those funds while court or other legal proceedings are ongoing.

Not exact matches

All client deposits and assets, including both bitcoin and fiat currency, are held for customers in secure custodial accounts in order to ensure the safe return of customer balances.

The accounts are custodial accounts held in the end user name at major banks and are FDIC insured.

Subject to the limitations set forth below, this means that if a bank holding a Custodial Account fails, you should be insured by the FDIC up to the per - depositor coverage limit then in place (currently $ 250,000 in most instances).

Roth IRAs are typically held at custodial accounts and can be invested in a broad range of investments.

These customer funds are held in custodial bank accounts.