§ 6651 Savings Account Transfer Rules

• •Savings accounts can't be like cash or checks you can just hand to someone.
• •To give your savings account to someone else, you have to fill out a form and the bank has to say yes.
• •The bank has rules about who can get the account, and they have to follow those rules.

You want to give your little sister your savings account because you don't need it anymore.

You can't just hand it over like a toy. You have to go to the bank, fill out some papers, and the bank has to check if your sister can have the account. If the bank says no, she can't get it.