Do I have access to my child's Credit Union savings?

M

Mel84

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I set up a Credit Union account for my daughter when she was born. It's in her name and I said at the time I wanted no one but her to be able to withdraw from it, obviously when she's 18. I'm just wondering, as she's only 2, is this actually the case or am I responsible for that money because she's underage?

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In our credit union the parent cannot make withdrawals on behalf of the child once they pass the age of 12. Then they alone can make withdrawals.
 
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