Question

On a minor attaining majority, the correct banking practice is to:

• A. Continue operating the old account as is until further notice.
• B. Transfer the balance to a new account opened by the parents.
• C. Close the old account and open a new one in his name as major
• D. Freeze the account until the minor reaches a specific age, like 21.

Answer 1

Answer:

C. Close the old account and open a new one in his name as major

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