Why would the Account be made ‘Dormant’ and who can Reactivate it?

2021-03-23T10:52:45+00:00

Where a child’s savings account has not been used for a certain period of time, usually 36 months, sometimes as a security measure, the account is made ‘Dormant’. The child, parent/guardian or third party can reopen it with photo ID.  

Why would the Account be made ‘Dormant’ and who can Reactivate it?2021-03-23T10:52:45+00:00

Who can open a Credit Union Saving’s Account for a child?

2021-03-23T10:52:20+00:00

Although the policy can vary in each credit union, usually the child should be present with a parent or guardian when opening the account. In some cases, for credit unions in the Republic of Ireland; if the child is not deemed old enough to withdraw money, (for example they are under the age of 7) the [...]

Who can open a Credit Union Saving’s Account for a child?2021-03-23T10:52:20+00:00

What is Needed to Open a Credit Union Children’s Savings Account?

2021-03-23T10:49:14+00:00

1. The child’s birth cert or a passport. 2. Parent or Guardian’s photo ID; (If not previously ID with a membership on file). 3. Proof of child’s address: e.g. utility bill in parents or guardians name. 4. In the Republic of Ireland, proof of the child’s P.P.S. number – letter from social welfare.

What is Needed to Open a Credit Union Children’s Savings Account?2021-03-23T10:49:14+00:00

What is a Credit Union Children’s Savings Account?

2021-03-23T10:46:31+00:00

A credit union children’s savings account, sometimes known as a minor or junior account, is a savings account for a member who is under the age of 16. The savings account is the sole property of the minor in question and no one else is entitled to use it for his/her own benefit.  

What is a Credit Union Children’s Savings Account?2021-03-23T10:46:31+00:00

Contact Info

Desertmartin Credit Union, 62 Longfield Road, Magherafelt

Phone: 028 7963 4858

Web: Website

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