Are there any minimums associated with UTMA accounts? Or other fees?
Free to open with no additional fees except $1000 minimum for New York storage.
Opening a UTMA account is free, and there are no additional fees associated with it. As the account custodian, you can fund it at any time with whatever amount you choose. Our full range of products and storage locations are available with no minimum purchase requirement, with one exception — New York storage requires a $1,000 minimum purchase due to state sales tax laws.