An item of value, such as money or documents, deposited with a third party to be delivered on condition. After the death of the depositary, a depositary shall be appointed in accordance with the instructions of the donor or the law of the State in force. You cannot mortgage the account as collateral for a loan. Deposits into the account are held exclusively for the right and for the benefit of the minor. A paid account that allows transactions to be made electronically online, by phone, cheque and credit card. Federal law limits the number of payments and transfers per billing cycle to six. However, ATM withdrawals are unlimited. This can be a minor, a spouse or a person designated as the beneficiary on the account. .