Question:

Minor does not know about a savings acct.

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I opened a Savings account for my niece a year ago (haven't received anything from the bank yet) . She does not know anything, as I'm saving for her College fund. The bank made me give _HER SSN (and my signature) . I don't know if they will ask anything from her (signature). The balance is in the Hundred's NOT thousands, like others. Please advise.

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  1. i have trustee accounts in all my nieces names -- her signature is not  required at the end of the year she will receive a 1099 which depends on the amount may have to file income taxes!!! if you have any other question email me!!!

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