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Fidelity Youth™ Account: Earn $50 reward once account is activated Expired
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:
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
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.
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
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
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.
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
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Quote
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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.
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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
- 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.
Created 01-26-2022
at 05:15 AM
by Discombobulated | Staff
in
Finance
(5)
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I don't have an account with them.
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Good job Fidelity.
UPDATE: Tried again today and it worked.... uploaded SS card and school ID and waiting for approval now it seems.
Especially if the money won't be needed. Just a thought.
Please, tell me more. Can you send me the link to do this? I don't want to Google it and end up doing the wrong thing. TIA
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 prefer the Fidelity website, but wish they would allow us to use a yubikey like vanguard does. Text 2FA is better than nothing, but a key would be even better
In my case my expected family contribution from FAFSA was more than the total cost of attendance for my kid but they still ended up with a pretty nice merit scholarship.
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Your normal bank will usually make 2 small ACH transactions into the youth account. In a couple of days, login to fidelity and look in transaction history to see the ACH deposits. Then go back to your normal bank account and validate the external account link. Now you can use ACH external transfer at your normal bank to move money to and from the youth account and your normal bank account.
Finding the youth account routing and account numbers is left as an exercise for the reader. With this hint: The account number you seek does not start with the letter Z.
Your normal bank will usually make 2 small ACH transactions into the youth account. In a couple of days, login to fidelity and look in transaction history to see the ACH deposits. Then go back to your normal bank account and validate the external account link. Now you can use ACH external transfer at your normal bank to move money to and from the youth account and your normal bank account.
Finding the youth account routing and account numbers is left as an exercise for the reader. With this hint: The account number you seek does not start with the letter Z.
Beware of a 529. It's very limited to what the funds can be used for. Rath IRA is smarter in my opinion because you can withdraw your contributions tax free at any time for any reason. Catch is contributions must be "earned income" so while they are super young, your contributions can't be huge but as they get older you can start a business and get them on payroll
My son signed up on Thursday and have yet to see an email from Fidelity on his end. I can see his account created as a sub account under my login - do we keep waiting? He is unable to login on his app.
My son signed up on Thursday and have yet to see an email from Fidelity on his end. I can see his account created as a sub account under my login - do we keep waiting? He is unable to login on his app.
There is a bit of backlog for them to review uploaded documents. I had a kid successfully create the account username, accept the agreements and get the $50 while the status still says at step 2 of 3.
For your new user to create a login, go to the sign in screen and select forgot password. It will ask for name, birthday and last 4 of SSN. You can do this on a PC using the website.
When we did it, you had to use the app to click accept on the user agreements.
If the adult needs an account, go through the special offers page to get $100 for depositing $50: https://www.fidelity.co
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There is a bit of backlog for them to review uploaded documents. I had a kid successfully create the account username, accept the agreements and get the $50 while the status still says at step 2 of 3.
For your new user to create a login, go to the sign in screen and select forgot password. It will ask for name, birthday and last 4 of SSN. You can do this on a PC using the website.
When we did it, you had to use the app to click accept on the user agreements.
If the adult needs an account, go through the special offers page to get $100 for depositing $50: https://www.fidelity.co
Awesome
Thanks for the detailed response.
Is the $100 for $50 deposit for new adult accounts only?