a mom reading a book to a young boy

Minor Savings

A Confident Start to Saving Early
 
Teaching kids how to save is one of the most valuable lessons they can learn. A Minor Savings account at Bippus State Bank helps children and young adults learn the value of saving while watching their money grow. As a longtime community bank, we believe strong financial habits start early—and we’re proud to support families as they build a confident financial future, one small deposit at a time.
 
  • Unlimited deposits
  • Under 21 years of age
  • $20 minimum balance requirement
  • $20 opening deposit required
  • Interest Compounded Quarterly
  • Limited to six withdrawals per month
  • Free online banking with eStatements
  • Free mobile banking featuring mobile deposit
  • Free telephone banking
 
Personal Accounts
  • Name
  • Date of Birth
  • Address (physical and mailing if different)
  • Social Security Number
Primary Documentation
  • Valid Unexpired Government Issued Photo ID (if no Valid
    Photo ID available see "Secondary Documentation")
    - Driver’s License
    - State ID
    - Passport
    - Military ID You cannot make a copy of a military ID, only
    document the ID #, type, issue and expiration dates.
  • Proof of Address (if not current on ID)
    - Rental / Tenant agreement
    - Utility Bill
    - Bank Statement / Official Bank Document
    - CURRENT BMV Vehicle Registration
    - Property Tax Bill
    - GIS Printout verifying Deeded Owner
Secondary Documentation (No Primary Documentation Available)
  • Joint Account with Guardian – two of the following:
    - Social Security Card
    - Birth Certificate
    - School ID
  • TWO of the following:
    - Non-photo Government ID
    - Insurance Card (w/ name embedded)
     Medicare Card
     Medicaid Card
     Hoosier Rx Card
     Any other valid health insurance card
    - Indiana BMV Registration (IN ONLY)
    - US Divorce Decree certified by court w/ stamp &
    seal
    - Marriage license certified by court with stamp &
    seal
    - Major Credit / Debit Card w/ Embossed name
    (Non-Expired)
    - Letter from Bishop
Minor
  • Joint Account with Guardian – two of the following:
    - Social Security Card
    - Birth Certificate
    - School ID
Non-US Citizen
  • Additional types of acceptable ID include:
    - Green Card - Permanent Resident Card
    - Passport
    - Work or Student Visa
  • If non-resident alien, we need to complete a W-8 and
    completed Non-Resident Alien Worksheet