page top

Kid's Accounts

Home / FAQ / Kids Accounts

Attention: open in a new window. Print

How old do you need to be to open your own account? 10 years old.

How can I open an account for a child who is under 10 years old? An adult will be able to open an informal trust account for a child, however, the child will not have access to the account. The account is owned and can only be operated by the adult that opens it. If the adult is not a member they are required to pay full shares of $10 to become a member, we would require identification for the adult. We also require to sight the original birth certificate of the child or need a certified copy to open the account.

How can a child open an account when they already have an informal trust account under an adult’s name? As the informal trust account is not owned by the child, as long as the child is older than 10 years old they can open an account in their own name. We would require identification from the child to open the account, as well as a membership application completed.

When can the child access the funds from the informal trust? This is up to the holder of the trust to determine.SWSCU will not transfer the funds to the child when they are 18 years of age, it will continue to be an informal trust and owned by the adult that opened the account.




Go local with SWSCU







Multi Currency Cash Passport


Learn More







Learn More