Yes, default notifications are set up to go the user that created the account. Additional emails can be added to receive notifications.
The default anniversary notification will send a notice 60 days prior to the anniversary date and continue to send a notice bi-weekly until the anniversary date. The default balance notification will send a notice once the account balance reaches 100 credits which is equivalent to 100 dollars. Emails will be sent bi-weekly until credits are deposited to the account. Changes can be made to the anniversary and balance notification settings.