Are there age restrictions to open an account?

An adult beneficiary can open an account for themselves. If a beneficiary is under the age of 19, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must attest that they have been selected by the beneficiary with legal capacity, are designated as the Power of Attorney, Legal Guardian, or Conservator for the beneficiary, are a spouse, parent, sibling, or grandparent of the beneficiary, or are a representative payee (individual or organization).


Once a beneficiary has reached the age of majority, age 19 in Alabama, they may choose to assume administrative duties on their account. If they wish to do so, they’ll just need to fill out a form to remove their Authorized Legal Representative.

Learn more about the role of an ALR.