Custodial Account

Maylay33
  |     |   2 posts since 2019

I have had a check sent to me that is made out to my mother and me Cust GIFT act. I am no longer a minor. Is there any way for me to cash this check?



Answers
CuriousDave
  |     |   19 posts since 2018
Probably not, based on who the named payee is.
Although her guardianship has terminated because you have reached majority age, the most practical solution, assuming you and your mother are at least on speaking terms, is to give her the check to deposit and then write you a check in the same amount. If she refuses, you will need to contact the issuer, explain your situation, and ask whether you can void the check, return it to the issuer, and have the issuer send you a new check naming you personally as payee. The issuer will probably ask you to provide proof of age for this purpose.
Maylay33
  |     |   2 posts since 2019
We went to the issuing bank and they said even with her there they would not cash the check. Issuer can not rewrite the check either. Over 10,000 dollars and we can't do anything with it!


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