# W. Va. Code § 18-30A-10: Opening a Jumpstart Savings Account; deposits

> West Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S10

## Section

- **Citation:** W. Va. Code § 18-30A-10
- **Heading:** Opening a Jumpstart Savings Account; deposits
- **Jurisdiction:** West Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WV Code / Chapter 18 / Article 30A / Section 10

## Text

(a) Beginning on July 1, 2022, a person may open a Jumpstart Savings Account.

(b) To open a Jumpstart Savings Account, the account owner must:

(1) Provide all information required by the Treasurer;

(2) Make a minimum opening deposit, if required by the board; and

(3) Name a single person as the designated beneficiary: Provided , That the designated beneficiary may be the account owner himself or herself, or another person: Provided, however , That the beneficiary may not be a business, corporation, or enterprise.

(c) The Treasurer will deposit $100 from the College and Jumpstart Savings Administrative Account into a newly opened Jumpstart Savings Account if the following criteria are met:

(1) The designated beneficiary is a resident of West Virginia;

(2) Any minimum deposit required by the board is made to the account within 30 days of the account’s opening; and

(3) The account is opened when the designated beneficiary is under 18 years of age; or

(4) The account is opened within the 180 days following the date of the designated beneficiary’s enrollment in an apprenticeship, training, or educational program described in §18-30A-3(a)(12) of this code.

(d) Any person may make a contribution to a Jumpstart Savings Account after the account is opened, subject to applicable state and federal laws.

(e) The Treasurer shall prescribe all forms required to open and make deposits to a Jumpstart Savings Account and make the forms available in a prominent location on the Treasurer’s website.

(f) The board may establish minimum deposits or amounts for accounts to be considered active and may establish procedures to close inactive accounts.

## Nearby sections

- [W. Va. Code § 18-30A-1 §18-30A-1. Short Title.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S1.md)
- [W. Va. Code § 18-30A-2 §18-30A-2. Findings.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S2.md)
- [W. Va. Code § 18-30A-3 §18-30A-3. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S3.md)
- [W. Va. Code § 18-30A-4 §18-30A-4. West Virginia Jumpstart Savings Program established.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S4.md)
- [W. Va. Code § 18-30A-5 §18-30A-5. The Board of Trustees of the West Virginia College and Jumpstart Savings Programs.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S5.md)
- [W. Va. Code § 18-30A-6 §18-30A-6. Powers of the board to implement and administer the Jumpstart Savings Program.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S6.md)
- [W. Va. Code § 18-30A-7 §18-30A-7. Powers and duties of the Treasurer.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S7.md)
- [W. Va. Code § 18-30A-8 §18-30A-8. West Virginia Jumpstart Savings Program Trust and Trust Fund created; administrative account.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S8.md)
- [W. Va. Code § 18-30A-9 §18-30A-9. Use of financial organizations as program depositories and managers.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S9.md)
- [W. Va. Code § 18-30A-10 §18-30A-10. Opening a Jumpstart Savings Account; deposits.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S10.md)
- [W. Va. Code § 18-30A-11 §18-30A-11. Distributions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S11.md)
- [W. Va. Code § 18-30A-12 §18-30A-12. State tax benefits related to a Jumpstart Savings Account.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S12.md)
- [W. Va. Code § 18-30A-13 §18-30A-13. Reports and account; annual audit.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S13.md)
- [W. Va. Code § 18-30A-14 §18-30A-14. Records; confidentiality.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C18_A30A_S10. Check the current official text before relying on it. Not legal advice.