Custodial Account Withdrawal Electronic Fund Transfer - Ohio

Custodial Account Withdrawal Electronic Fund Transfer is a legal document that was released by the Office of the Ohio Treasurer - a government authority operating within Ohio.

FAQ

Q: What is a custodial account?A: A custodial account is a type of financial account that is held in trust for a minor by an adult custodian.

Q: What is a custodial account withdrawal?A: A custodial account withdrawal is a financial transaction where funds are taken out of a custodial account.

Q: What is an electronic fund transfer?A: An electronic fund transfer is a transaction that allows funds to be transferred electronically from one financial institution to another.

Q: How can I make a custodial account withdrawal through electronic fund transfer in Ohio?A: To make a custodial account withdrawal through electronic fund transfer in Ohio, you would typically need to contact your financial institution and provide the necessary instructions and information for the transfer.

Q: Are there any fees associated with custodial account withdrawals through electronic fund transfer in Ohio?A: Fees may vary depending on the financial institution and the specific circumstances of the transaction. It is recommended to contact your financial institution to inquire about any applicable fees.

Q: What are the benefits of making custodial account withdrawals through electronic fund transfer?A: Some benefits of making custodial account withdrawals through electronic fund transfer include convenience, speed, and security. It allows for funds to be directly transferred to another account without the need for physical checks or cash.