How do I open an Online Share Trading account for a child under 18?
- Legal guardian.
To open an Online Share Trading account for a child under 18 years old, a parent, grandparent or legal guardian will need to fill out our individual/joint application form and bring in the completed form to one of our branches along with appropriate identification and address verification for both yourself and the child.
If the account is to be held only in the child’s name, please select individual on the application form. However, the parent/guardian is required to be an authorised person of the account until the child turns 18.
If the account is to be held jointly with a parent or guardian, please select joint on the application form.
We will require the child’s parent or legal guardian to sign our terms and conditions on behalf of the minor.
Minors do not have trading access until they turn 18, at which time ASB Securities will make contact with the authorised person(s) regarding the account.
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