#1
29th July 2015, 05:25 PM
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PNC bank utma
Hello sir my younger brother want to get information about PNC bank utma and I have no information for it , so can you tell me about the same topic , so that I can guide my brother ??
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#2
30th July 2015, 03:59 PM
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Re: PNC bank utma
UTMA or Uniform Transfers to Minor Act use for custodial account , actually custodial account under the UTMA allows customer to save for their child or grandchild's future higher education needs. In this anyone can open an account; no restrictions or qualifications to be met Allows for unlimited contributions and unlimited contribution amounts customer control all investment decisions Beneficiary gains control of the funds when he/she reaches a certain age: Custodial accounts are not tax-advantaged accounts, earnings and withdrawals may be subject to the child’s tax rate rather than the account holder’s. A means of saving for a child or grandchild’s future needs, including higher education expenses Anyone can open an account; there are no income restrictions or qualifications to be met Allows for unlimited contributions and unlimited contribution amounts Account holder controls all investment decisions Withdrawals can be made from the account to cover expenses for the benefit of the child The child gains control of the account when he/she reaches age 18 (or 21, depending on the state) If you have any Questions or Need Help then Call at here : 1 (855) PNC-INVEST (762-4683) 8 a.m. to 7 p.m. ET, Monday-Friday and 9 a.m. to 4 p.m. ET Saturday |
#3
3rd April 2020, 12:26 PM
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Re: PNC bank utma
The process to check the result From the official website of the University is as follows: Go to the Official website of PNC bank Then click on tab Location Sections given in right site Then a new page will open look like image |
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