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TUTMA TUTMA

A Texas Uniform Transfer to Minors Act (TUTMA) Account is a savings fund set up for a minor (under age 21) by someone older than 21, who is the account custodian.

The minor is the owner of the account, but the custodian has sole control of the account until the minor turns 21. This is a great way to start saving for those higher education expenses.

* ATM access, checking accounts, or loans are not allowed on this account type.