Help CenterChild portfoliosCan other family members such as grandparents or godparents open a child account?
Can other family members such as grandparents or godparents open a child account?
No - the account must be opened by a parent or guardian. As soon as the account opening is completed and the parents have made an initial deposit, relatives, friends and acquaintances of the child can also pay into the child's account. In this case, the deposit also flows directly into the child's or young person's account and forms tied, i.e. legally protected, child assets.
More questions in "Child portfolios"
What is the True Wealth portfolio for children?Who can open a child account or a child portfolio with True Wealth?Will my child receive an individual investment strategy?What is the minimum deposit amount for a child portfolio at True Wealth?What documents do I need to open a child account?Can the child's assets be paid out at any time?What happens to the children's portfolio when my child grows up?We do not yet have the minimum deposit of CHF 1'000 for the children's portfolio completely available. Can we still open an account already?Can other family members, friends or acquaintances pay into the children's account in addition to the parents?How is the child portfolio taxed?Will my child get their own login for the child portfolio?
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