Is it possible to start a savings account for a fetus?

My mom is in NewYork and she wants to go to her local bank and start my baby a savings account. Is this possible being that the baby isn't here yet?
Is it possible to start a savings account for a fetus?
no you need a ss number but she can put it on ur name now and then you can add him/hr on.
Reply:Sure. Not a problem. Initially she may want it to be under her name, and simply change the name it's under after the baby's born, etc. But, you can start a savings account for anyone you'd like. My grandparents bought all of their grandchildren cds that would fully develop on our eighteenth birthdays as soon as they found out my mom was pregnant each time - fantastic graduation gifts.
Reply:Hmm.... I dunno. But, perhaps she can start one in her name first, then when the baby is born, transfer it to the baby's name?





I imagine there'd be a lot of paperwork and identity issues involved, but it'd be possible. I'm assuming after the baby is born, though.





Perhaps you could get a free consultation with a lawyer, to be sure.





Good luck! And, congrats on the little one!
Reply:Yes absolutely! Mom can start the account in her name and when baby is born change it to the babys name. Another option that mom can do is buy US bonds in babys name when baby arives. They take time to mature, but are worth having in the futre. Don't forget to thank mom for thinking about babys financial future!
Reply:I started one but just put it in my name until my son is born and has a social security number. I think the bank need a SSN to put his information on the account.
Reply:Not a problem, she will have to put it into your name until the fetus becomes an infant, this question is so cute, made me laugh!
Reply:yep she can put it in her name or your name and then have it go to your baby when it is say 16 or 18 or 21! She can just start it in her name, once your child is born add the childs name to it and go from there!