We offer a savings account just for children, it requires $5.00 to open, however, at a recent Banking seminar it was expressed that if a baby/child cannot sign their name they cannot be a signer on the account but a parent cannot be the owner of our kids club savings account either so a UTMA account should be opened for them but that limits the ability for both parents to sign on the account since UTMA requires one custodian. This has been a dilemma . Most people do not have the required $200.00 to open a regular savings account for their child and a parent cannot be the owner of the kids savings account. How is the UTMA applied to kids savings accounts, or how do you handle two parents wanting to sign on the kids account? Should a separate document be made up naming the second parent as successor custodian or how are other banks handling this situation?