This means that, although you are allowed to control the account as a parent/legal guardian, the actual resources can only be used legally for expenses relating to your child (and these expenses must benefit your child). This type of account is most used to pay for university or a type of school. We must hear from you no later than 60 days after sending the first statement on which the problem or error occurred (or 90 days if the problem or error relates to a transfer from one account to another financial institution). The low yield makes it undesirable for people who want to earn high interest rates on their savings. It is important to note that this type of savings account is regulated by the state where the account is opened, and once you have deposited your money into your child`s account, these funds irrevocably become the property of your child. Your current/savings account, investment account or credit account The 0.03% APY rate on this Bank of America savings account is very bright. Here`s a brief overview of the account highlights, which we`ll discuss in more detail below: Ultimately, online savings accounts are more effective options for saving. Account restrictions are sent from the shortcut 85594. You can disable this warning at any time by sending STOP to 85594. If you unsubscribe from this warning, these account restriction notifications will be automatically prevented from being sent to you.
Text help for SMS help or call us to your use of the Services at 800.427.2449 may also be affected by your deposit and advertising agreement, including the settlement of applicable fees (« Deposit Agreement »), or any other agreement with us for your bank of America linked bank accounts and/or an agreement with our related companies for your partner accounts related to the Service, including your investment accounts at Merrill. If an account is linked to the Services, this does not change the agreements you already have with us or our affiliates for that account, and you remain subject to the terms we have given you in the agreement and disclosure of the linked account. The terms and conditions of such account agreements, including all applicable fees, transaction limits, liability rules, and other restrictions that may affect your use of an account with the Services, form part of this Agreement. In the event of any opposition between the terms of such account agreements and this agreement, the terms of the applicable account agreement shall take precedence, unless otherwise expressly provided in this agreement. . . .