Now that your child has a Let It Grow Gift AccountSM, we want to make sure you have every tool you need to use it to the fullest.
Explore the tool carousel to the left to access your account’s many online resources.
Click any icon to learn more.
With holidays, birthdays and other special occasions, there are a lot of opportunities to use a Citizens Bank Let It Grow Gift AccountSM. Here’s a list of just some of the occasions that are perfect opportunities to extend a savings invitation to family and friends:
How do I know when a deposit is made?
You can monitor your child’s Let It Grow Gift Account by simply viewing your quarterly account statement. To manage your child’s account online, log into online banking. Once you’re logged in, click on your Let It Grow Gift Account to view any recent activity.
Where can I get more savings gift invitations and savings gift slips?
Additional printed materials are available at your local Citizens Bank branch or by clicking on the Printables icon on the left side of this page to download and print your own copies.
Are there minimum and maximum gift amounts?
Your family and friends can contribute as little or as much as they’d like. There are no limitations.
What if my Family and friends want to learn more about the Let It Grow Gift Account?
They can learn more online at http://www.citizensbanking.com/GiveAGift.
With others having the account number, is it still secure?
Only the account owner can withdraw from this account or receive any information, such as balance information, on this account. All other users can only make deposits.
How do I invite others to gift into my child’s Let It Grow Gift Account?
Citizens Bank provides two unique ways to inform family and friends that they can give a savings gift.
1. You can mail the preprinted savings gift invitations.
2. You can email an invitation announcing your account. Here are step-by-step instructions.
As the account owner, can I make deposits into my child’s Let It Grow Gift Account?
Absolutely. You can withdraw or deposit from your child’s Let It Grow Gift Account just like you would with any other savings account.
Can funds be transferred or withdrawn from my child’s Let It Grow Gift Account at any time?
Yes. You can make up to 18 in-person withdrawals per quarter without incurring an additional charge.
What do my family and friends need to give a savings gift?
Ultimately, the only items your family and friends need are your child’s first and last name and Let It Grow Gift Account number. We have provided printed materials (click on the Printables icon on the left side of this page) that can help inform them of this information, but they can always make a deposit by mail, online or at any Citizens Bank branch with just your child’s name and Let It Grow Gift Account number.
1. AS A GIFT TOOL
Birthdays … holidays … special occasions – family and friends often want to give a gift to celebrate. With your child’s Let It Grow Gift Account, they now have a convenient and secure alternative to a traditional gift.
Example: Your newborn child’s first birthday is approaching. Use the invitations and materials you received when you opened a Let It Grow Gift Account, to suggest to family and friends that they give a savings gift.
2. AS A TEACHING TOOL
Your child’s first account isn’t just somewhere to “put money.” This is a great opportunity to teach them how having a bank account works and to give them a great start on saving.
Your 7-year-old really wants a new bike. This is a great chance to teach your child the value of saving. Help him or her to begin saving by consistently putting his or her money into a Let It Grow Gift Account. Be sure to show your child things like the statement that comes each month, and build the anticipation of the day when he or she will have saved enough money to buy that new bike.