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Fidelity Youth™ Account: Earn $50 reward once account is activated Expired

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Update: This deal is still available.

Open a Fidelity Youth™ Account for your teen, and $50¹ will be deposited into their account. No account fees or minimums.

Account Benefits:
  • Open a Fidelity Youth™ Account once they download the Fidelity Youth app and activate their Youth Account.
  • The app is free²—plus, no monthly fees or account minimums to open.³
  • Teens get their own debit card with no domestic ATM fees.⁴
  • Interactive lessons, video, articles, tools, and calculators help jumpstart your teen's financial education. Teens get reward dollars for every level they complete.
  • Learning to invest is easy. Teens can invest in stocks, mutual funds, and ETFs with as little as $1.⁵
  • Parents can keep an eye on their teen's spending, set up alerts, and maintain visibility into account and trading activity.
  • Teens are empowered to make, manage, and invest their own money so they feel more prepared for their financial future.
Slickdeals is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, and nothing in these materials should be construed as advice concerning securities, the value of securities, the advisability of investing in, purchasing, or selling securities, or the merits of any investment adviser.

Disclosures:
The Fidelity Youth Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.

¹Limited Time Offer. Terms Apply. Before opening a Fidelity Youth Account, you should carefully read the accent agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen's activity in the account.

²The Fidelity Youth™ app is free to download. Fees associated with your account positions or transacting in your account apply.

³ Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.

⁴Your Youth Account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement will be credited to the account the same day the ATM fee is debited. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account. The Fidelity® Debit Card is issued by PNC Bank, N.A, and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other, and Fidelity is not affiliated with PNC Bank or BNY Mellon. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc.

⁵Fractional shares quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $0.01. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)

Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917

Original Post

Written by
Edited December 15, 2023 at 11:34 AM by
Fidelity

For those interested

Note, offer valid for a limited time only or while promotion last

This may be useful for parents/guardians looking to jump-start their kids financial learning
  • Fidelity Offer: Parent/Guardian: Open a New Fidelity Youth Account for Your Teen Aged 13-17 & Receive Free $50 Reward Offer
Quote :
Introducing the Fidelity Youth Account. Accessible through the Fidelity Mobile App, the experience is customized for teens 13 to 17 to help them learn to save, spend, and invest.
For a limited time when you open a Fidelity Youth Account for your teen, they will get a $50 reward

Parent/guardian must have a Fidelity account first, so you can provide hands-on support, monitor their account, easily transfer money, and more. You can open accounts for yourself and your teen with no account fees or minimums.
  • Free Debit Card
    • Teens get a free debit card, with no subscription fees, no account fees, no minimum balances, and no domestic ATM fees
  • Save Early
    • Investing can help teens take advantage of compounding early to help them grow their money over time
  • Empowering teens with education
    • Teens can access a financial curriculum made just for them—so they can learn about saving, spending, investing, and more
  • Secure app
    • Teens can manage their money and invest using Fidelity's secure mobile app, plus link to payment apps like Venmo and PayPal.3
FAQ
  • Starting on January 24, 2022, when you (parent or guardian) initiate the opening of a new Youth Account and your teen (aged 13–17) downloads the Fidelity Mobile App and activates the new account, your teen will receive a $50 deposit as a reward
  • In order for your teen to receive the $50 reward offer, you (parent/guardian) must initiate the opening of a new Fidelity Youth Account through Fidelity.com/YouthAccount and your teen (aged 13–17) must download the Fidelity Mobile App and activate the new account on or after January 24, 2022
    • Parent/guardian must have their own Fidelity brokerage account to open an account for their teen.
    • Parent/guardian must initiate the application process and once completed, the teen will receive instructions on how to download the Fidelity Mobile App and activate their account.
    • No further investment or trading is required to qualify for the offer
    • Age of account applicant. Youth Accounts are only available for teens aged 13 to 17. If your teen is 18 or 19, they may apply for a different account type and/or offer instead
    • Limited to one offer per customer
    • Non-US residents are not eligible
  • The reward will be deposited directly to the eligible account within 10 calendar days after the teen has downloaded the Fidelity Mobile App and activated their account (which entails creating a username/password, and logging into the mobile app and accepting account agreements). Amounts deposited by Fidelity in the form of the reward will be initially held in the Fidelity Government Money Market Fund, the eligible account's core position.
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

547 Comments

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Featured Comments

529 plan
You need to upload copy of their SSN card and another form of ID at the end for verification.
"To open and monitor your teen's account, you'll need to open one for yourself first."
I don't have an account with them.

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Joined Jan 2015
L4: Apprentice
> bubble2 406 Posts
34 Reputation
mixafix
02-09-2022 at 01:28 PM.
02-09-2022 at 01:28 PM.
Quote from laidbackinNC :
I'm gonna do this for our 14-yo son. I thought about getting him an account back when they were offering $100 bonus accounts for anyone but it didn't have all the youth benefits.

I've had a Fidelity account for a long time, ever since getting their 2% rebate credit card. I like Fidelity a lot and if it weren't so much hassle, would move my Vanguard money over because I greatly prefer the Fidelity website and account reporting interface.

I transfer the Vanguard account over to Fidelity It wasn't that hard just filled out some paperwork and Fidelity did it for me Is easy-peasy. Good luck
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Joined Nov 2010
L5: Journeyman
> bubble2 649 Posts
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happySDmom
02-09-2022 at 04:44 PM.
02-09-2022 at 04:44 PM.
I opened roth ira for minors last year, will this qualify for the $50? Or i need to open a new cash account?
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Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
131 Reputation
billyloon
02-10-2022 at 08:05 AM.
02-10-2022 at 08:05 AM.
Quote from 1cheapazz :
Look into index universal life. 529 plan has a lot of rules about using money. IUL is more open on what you do with it. It's what I have for my two young ones.

I'm very familiar with 529 rules. 529 is more appropriate for many more families.
Reply
Joined Nov 2015
L6: Expert
> bubble2 1,001 Posts
221 Reputation
qqzj
02-10-2022 at 08:28 AM.
02-10-2022 at 08:28 AM.
We signed up and completed everything. My son downloaded the app. However, he cannot sign in. What should he do? Thanks.
1
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Joined Jan 2020
L6: Expert
> bubble2 1,412 Posts
73 Reputation
SiennaDeer8270
02-10-2022 at 08:31 AM.
02-10-2022 at 08:31 AM.
Quote from qqzj :
We signed up and completed everything. My son downloaded the app. However, he cannot sign in. What should he do? Thanks.
Input the correct username and password.
Reply

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Joined Jul 2011
L10: Grand Master
> bubble2 9,220 Posts
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K7S5A
02-10-2022 at 09:01 AM.
02-10-2022 at 09:01 AM.
Don't forget to add your kids to your credit card to build their credit history.

I added my 3 yr old as an authorized user on my credit card. I'm over 800 so I shouldn't be negatively affecting my child's score
Reply
Joined Nov 2014
L5: Journeyman
> bubble2 586 Posts
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mak_436
02-10-2022 at 01:17 PM.
02-10-2022 at 01:17 PM.
Quote from eliteconcept :
I don't disagree with that. I have a roth ira setup for my kids college fund. if they go, great it can be used for that, if not then mom and dad will have about 200k or so extra for retirement

You can't withdraw IRA money from kids IRA till they are 59!!
3
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Joined Dec 2009
Outdoorsman
> bubble2 487 Posts
65 Reputation
williamlw
02-10-2022 at 02:14 PM.
02-10-2022 at 02:14 PM.
Quote from chrisaf69 :
Is this an investment account where they can purchase fskax? Cuz that is exactly what I want to do.

I will tell him I will match every dollar he puts into it to get him in the "invest/save" early mindset.
Or FZROX
Reply
Joined Dec 2009
Outdoorsman
> bubble2 487 Posts
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williamlw
02-10-2022 at 02:15 PM.
02-10-2022 at 02:15 PM.
Quote from mak_436 :
You can't withdraw IRA money from kids IRA till they are 59!!
False. Roth IRA can be used for college. A detractor for this method is that the distribution counts as income, which impacts the FAFSA.
1
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Last edited by williamlw February 10, 2022 at 02:17 PM.
Joined Nov 2014
L5: Journeyman
> bubble2 586 Posts
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mak_436
02-10-2022 at 04:24 PM.
02-10-2022 at 04:24 PM.
Quote from williamlw :
False. Roth IRA can be used for college. A detractor for this method is that the distribution counts as income, which impacts the FAFSA.

Interesting.. I just talk to fed rep for small kids and rep explained you can't take out money!!
3
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Joined Apr 2009
L3: Novice
> bubble2 251 Posts
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theoldelcheapo
02-10-2022 at 04:25 PM.
02-10-2022 at 04:25 PM.
Quote from billyloon :
529 plan
Most states use a specific provider if you want to reap the state tax savings.
Reply
Joined Apr 2008
L8: Grand Teacher
> bubble2 3,165 Posts
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seiromem
02-10-2022 at 04:32 PM.
02-10-2022 at 04:32 PM.
Quote from SiennaDeer8270 :
Input the correct username and password.
Are you referring to inputting the username and password of the minor or the parent's username and password?
1
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Joined Apr 2006
L6: Expert
> bubble2 1,456 Posts
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mylulu2023
02-10-2022 at 04:58 PM.
02-10-2022 at 04:58 PM.
Got $50 in account after few days. But I can not transfer money to their account without management account ? Right now I had to write them paper checks.
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