OBC on my (minor) daughter's account

Searched around and couldn't seem to find the answer to this...

My daughter is 16. She bought CCL stock and now has $250 in OBC. She would rather have the cash :) Here's the question: can *I* use her keycard in a slot machine and pull out the cash (which I have read you can do)? Will the machine recognize that it is a minor's and not work? Weird question, right?

Searched around and couldn't seem to find the answer to this...

 

My daughter is 16. She bought CCL stock and now has $250 in OBC. She would rather have the cash :) Here's the question: can *I* use her keycard in a slot machine and pull out the cash (which I have read you can do)? Will the machine recognize that it is a minor's and not work? Weird question, right?

Is she in the same cabin with you, on the same booking number? If she is, the OBC can be used by anyone in the cabin.

If she's not - hmmmm - perhaps the OBC could be transferred to you or HSC charges, etc. Switched to her?

Offering these suggestions as I am unsure on being able to use her card in the slots since she is a minor.

Is she in the same cabin with you, on the same booking number? If she is, the OBC can be used by anyone in the cabin.

 

If she's not - hmmmm - perhaps the OBC could be transferred to you or HSC charges, etc. Switched to her?

 

Offering these suggestions as I am unsure on being able to use her card in the slots since she is a minor.

Good suggestion. Who is paying for this cruise, after all?

I'm pretty sure stockholder OBC is refundable....so if it's not used, it should be refunded either by check or in cash.

Assuming you are in the same cabin, you should be able to combine your accounts, use the OBC against the daily hotel service charges and any other purchases you all make which you will be paying for, and you front her the cash yourself. Any OBC not used will be refunded.

Smart girl!

I dont know about Holland America specifically but CCL benefits rules say

"This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates, tour conductors or anyone cruising on a reduced-rate or complimentary basis are excluded from this offer. This benefit is not transferable, cannot be exchanged for cash and, cannot be used for casino credits/charges and gratuities charged to your onboard account. Only one onboard credit per shareholder-occupied stateroom. Reservations must be made by February 28, 2018.

Dont know how they would know/check but maybe dont rely on it being available other than for pop ice cream and excursions.If in the same cabin and it is added to your account at the outset or maybe day2 then

if you get a statement on day3 you might be able to tell if daily service charges are reducing it.

I dont know about Holland America specifically but CCL benefits rules say

"This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates, tour conductors or anyone cruising on a reduced-rate or complimentary basis are excluded from this offer. This benefit is not transferable, cannot be exchanged for cash and, cannot be used for casino credits/charges and gratuities charged to your onboard account. Only one onboard credit per shareholder-occupied stateroom. Reservations must be made by February 28, 2018.

 

Dont know how they would know/check but maybe dont rely on it being available other than for pop ice cream and excursions.If in the same cabin and it is added to your account at the outset or maybe day2 then

if you get a statement on day3 you might be able to tell if daily service charges are reducing it.

OBC is OBC. HAL doesn't differentiate. (or have the ability to do it).

You're right on what the rules are but in all honesty what happens on board is another kettle of fish.

OBC is credited to the account on day one so there is a credit balance and everything is simply deducted against it.

I have had NO problem using OBC for HSC, casino, whatever. That includes my CCL OBC.

A statement on day 2 either at the kiosk or the front desk (or concierge if in a Neptune Suite or above) will quickly prove that it is being used ;)

OBC is OBC. HAL doesn't differentiate. (or have the ability to do it).

 

You're right on what the rules are but in all honesty what happens on board is another kettle of fish.

 

OBC is credited to the account on day one so there is a credit balance and everything is simply deducted against it.

 

I have had NO problem using OBC for HSC, casino, whatever. That includes my CCL OBC.

 

A statement on day 2 either at the kiosk or the front desk (or concierge if in a Neptune Suite or above) will quickly prove that it is being used ;)

But is OP saying that there will be only one Carnival OBC? And, if so, the person holding the stock must write to Carnival requesting the OBC. Does it matter if the HAL account is not in her name? Or maybe it is. At 16, the child isn't legally responsible for the bill, so it does raise an interesting issue of whether the OBC actually gets onto their account.

It's funny - the terms and conditions say the shareholder OBC is not transferable but HAL has transferred it, in a way. When I first started getting the OBC, we, my DM and I, usually had separate onboard accounts even though we were in the same cabin. My shareholder OBC would be attributed to her account because it always goes to Guest 1 and she was always Guest 1. I have no idea why she was always Guest 1, even if I was listed on the reservation first, she'd still be Guest 1 on the account!

We resolved the issue by combining our accounts and transferring our bookings to a TA who gave additional OBC. Now it takes the two of us to use it all up!

But is OP saying that there will be only one Carnival OBC? And, if so, the person holding the stock must write to Carnival requesting the OBC. Does it matter if the HAL account is not in her name? Or maybe it is. At 16, the child isn't legally responsible for the bill, so it does raise an interesting issue of whether the OBC actually gets onto their account.

Interesting points.

My take - when you buy shares I can't recall where it is ever recorded your age or if you are a minor or not.

As long as the daughter is on the booking it should be a non issue IMO.

Best thing is to get the letter and proof of ownership sent off to the World Cruises fax and once confirmation is in hand, all should be good.

Lots of people who are on cruises use one credit card to pay for the bill for both. The other may own the CCL shares - never been a problem.

Of course, I could be in error but from a financial point of view I suspect that CCL has too many shares to keep a record of this stuff and when the transfer comes it is just put on the account for the STATEROOM, not the person who owns it. (ie., CCL stock is in my name but if I spend nothing, the credit still whittles away with whatever DH spends and/or HSC ;) - of course, I do spend too ;) ).

Interesting points.

 

My take - when you buy shares I can't recall where it is ever recorded your age or if you are a minor or not.

 

As long as the daughter is on the booking it should be a non issue IMO.

 

Best thing is to get the letter and proof of ownership sent off to the World Cruises fax and once confirmation is in hand, all should be good.

 

Lots of people who are on cruises use one credit card to pay for the bill for both. The other may own the CCL shares - never been a problem.

 

Of course, I could be in error but from a financial point of view I suspect that CCL has too many shares to keep a record of this stuff and when the transfer comes it is just put on the account for the STATEROOM, not the person who owns it. (ie., CCL stock is in my name but if I spend nothing, the credit still whittles away with whatever DH spends and/or HSC ;) - of course, I do spend too ;) ).

At least in the good ole US of A, minors are not permitted to own stocks. They may be held in a custodial account titled something like "Jane Doe as custodian for Mary Doe, a minor under the laws of the state (commonwealth) of USState". Any time after obtaining the age of majority, the person can submit their birth certificate and other paperwork and have the account title changed.

At least in the good ole US of A, minors are not permitted to own stocks. They may be held in a custodial account titled something like "Jane Doe as custodian for Mary Doe, a minor under the laws of the state (commonwealth) of USState". Any time after obtaining the age of majority, the person can submit their birth certificate and other paperwork and have the account title changed.

Ahh thanks, don't live in the good Ol' US of A, as you know ;)

I know that was the law here,but with on line banking and electronic purchases I think there are ways around it now and they are easier than in the "old days" when you bought actual stock certificates.

In that case the OP should look at the certificate/proof of ownership on the on line account. It might be that the OP is the custodian?

Perhaps the OP forgot about this?

Hopefully they come back and report how the stock credit goes for them.

Ok - the OP is back! :')

I appreciate ALL responses! Thank you!!!!!

The reason I brought this up: yes- we mailed in her UTMA (Universal Transfer to Minor Act) account statement and the OBC is definitely under her name in our reservation. I didn't know that all OBC for the same statetoom gets lumped together. That's a little disconcerting since my younger son (12) would have access to my OBC?!? He is going to be on a strict no-soda-purchases! plan.

[side note: In this account she does own the stock. I can manage the account, but it is not my money. If a withdrawl is made before the age of majority, a full accounting must be made proving that the money was used by the child and the child alone, ie I couldn't withdraw funds to pay our mortgage even though she lives here. Over the years, my family and we have opted give cash gifts to our children instead of a lot of plastic toys. Now each of them helps manage their UTMA's. When I told my daughter she could sell some underperforming funds and buy CCL stock for an immediate return of $100, she thought it was a no-brainer. :) Since then the stock has gone up. Bonus!]

Also: I know that I have read here that children 15 and younger cannot use the fitness center. Their key card won't allow them in. So I naturally thought that the key cards wouldn't work in the casino, or to buy alcoholic drinks. I also know the ClubHAL rules are VERY strict on age, which is again based on key cards. My 12 year old will not be allowed in The Loft, minimum age of 13.

I will definitely let you know what the end result is.

You can set up your onboard account to pay for your child/children's expenses such as Hotel Service Charges, but request that they not have purchasing authority. Their room keys will be room keys only, and accountability for on and off the ship. Parents usually prefer this. m--