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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.

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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 May 2017
L4: Apprentice
> bubble2 300 Posts
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Aige
02-20-2023 at 06:11 AM.
02-20-2023 at 06:11 AM.
Quote from Supreme_Overload :
Roth IRA is better. Those contributions can grow tax-free, and you can take withdrawals up to the amount you've contributed without any taxes or penalties. Unlike a 529 plan, money in a Roth IRA won't count against financial aid eligibility.

I dont disagree, but a Roth Ira requires income. My parents started mine when I had my first summer job and I've maxed it yearly since until I passed the income max threshold. How do you come up with $5500 reported income for a 2 year old?
Reply
Joined Apr 2013
Supreme Overload
> bubble2 231 Posts
42 Reputation
Supreme_Overload
02-20-2023 at 07:34 AM.
02-20-2023 at 07:34 AM.
Quote from Aige :
I dont disagree, but a Roth Ira requires income. My parents started mine when I had my first summer job and I've maxed it yearly since until I passed the income max threshold. How do you come up with $5500 reported income for a 2 year old?
Regulations state $5500 limit - and this could be from anything. 2 year old lemonade stand did a lot of business last year. Charge $5 a photo for the baby at the mall. Crazy gifts at his birthday. Compound interest from the age of 2 in a divvy stock like CLM will make them a multi-millionaire before the age of 40 - they'll be wanting to retire early big time! Best thing you could do for the kiddos now. (in short, unless the kid makes over a certain amount of income they don't need to file and this is the savior.)
1
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Joined Sep 2007
L3: Novice
> bubble2 174 Posts
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__-Michelle-__
02-20-2023 at 01:04 PM.
02-20-2023 at 01:04 PM.
No requirement to file taxes if you make less than $400/year. We opened Roth IRAs for all of our kids and we put in $399 of their allowances each year. They do plenty of chores. Fidelity youth Roth info states: "Qualifying income can come from a job and/or self-employment such as babysitting, mowing lawns, or shoveling snow."
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Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
131 Reputation
billyloon
02-22-2023 at 09:15 PM.
02-22-2023 at 09:15 PM.
Quote from Supreme_Overload :
Roth IRA is better. Those contributions can grow tax-free, and you can take withdrawals up to the amount you've contributed without any taxes or penalties. Unlike a 529 plan, money in a Roth IRA won't count against financial aid eligibility.
It depends on the person's situation. It's completely incorrect to say that Roth IRA is better in all situations. Also a Roth is not in the name of the minor dependent. Entirely different setup.
Reply
Joined Apr 2013
Supreme Overload
> bubble2 231 Posts
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Supreme_Overload
02-23-2023 at 05:42 AM.
02-23-2023 at 05:42 AM.
Quote from billyloon :
It depends on the person's situation. It's completely incorrect to say that Roth IRA is better in all situations. Also a Roth is not in the name of the minor dependent. Entirely different setup.
Yes, the Roth is in the minors name and SSN. It's called a custodial Roth - you're managing it until they turn 18.
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Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
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billyloon
02-23-2023 at 12:25 PM.
02-23-2023 at 12:25 PM.
Quote from Supreme_Overload :
Yes, the Roth is in the minors name and SSN. It's called a custodial Roth - you're managing it until they turn 18.
You can convert a 529 to a Roth IRA in the minor's name, but you can't convert a Roth IRA to a 529. There is more flexibility with a 529.
Reply
Joined Dec 2010
L5: Journeyman
> bubble2 512 Posts
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MaxxxBuyer
02-25-2023 at 05:17 PM.
02-25-2023 at 05:17 PM.
Quote from __-Michelle-__ :
You need to go to your funding accounts page and link the youth account from there. The site doesn't automatically give funding access to all accounts from your external funding account.
I have a Roth IRA account which is already linked to my non-Fidelity bank account (checking). But I cannot find a way to link this bank account to the Youth account. The youth account doesn't show up in the drop down after I pick the source Bank account.
Am I missing something?
Reply

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Joined Sep 2007
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> bubble2 174 Posts
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__-Michelle-__
02-25-2023 at 05:20 PM.
02-25-2023 at 05:20 PM.
Quote from MaxxxBuyer :
I have a Roth IRA account which is already linked to my non-Fidelity bank account (checking). But I cannot find a way to link this bank account to the Youth account. The youth account doesn't show up in the drop down after I pick the source Bank account.
Am I missing something?

Yes, it's odd how it's set up. If you're using the site, you have to click on your profile symbol and then select "Linked accounts and banks." From there, select the bank you want to link. You'll be able to link Fidelity accounts to that bank from there.

Nope. Scratch that. it's no longer there. from the desktop site, click on Menu > Accounts and Trade > Transfers > Manage Bank Accounts. under your linked account, click "Link another Fidelity account."
Reply
Last edited by __-Michelle-__ February 25, 2023 at 05:25 PM.
Joined Dec 2010
L5: Journeyman
> bubble2 512 Posts
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MaxxxBuyer
02-25-2023 at 10:06 PM.
02-25-2023 at 10:06 PM.
Quote from __-Michelle-__ :
Yes, it's odd how it's set up. If you're using the site, you have to click on your profile symbol and then select "Linked accounts and banks." From there, select the bank you want to link. You'll be able to link Fidelity accounts to that bank from there.

Nope. Scratch that. it's no longer there. from the desktop site, click on Menu > Accounts and Trade > Transfers > Manage Bank Accounts. under your linked account, click "Link another Fidelity account."
Thanks.
I tried that before. But the youth account doesn't show up. Only my Roth IRA account.
Looks like I need to have a Cash Management account. I would need to speak with their customer service.
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Joined Apr 2013
Supreme Overload
> bubble2 231 Posts
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Supreme_Overload
02-28-2023 at 06:53 AM.
02-28-2023 at 06:53 AM.
Quote from billyloon :
You can convert a 529 to a Roth IRA in the minor's name, but you can't convert a Roth IRA to a 529. There is more flexibility with a 529.
529 plan beneficiaries can roll over up to $35,000 to a Roth IRA over their lifetime. Rollovers are subject to Roth IRA annual contribution limits. The 529 account must be more than 15 years old. 529 to Roth IRA rollovers can be made beginning in 2024.
So why not just get a Roth to begin with?
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Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
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billyloon
02-28-2023 at 04:55 PM.
02-28-2023 at 04:55 PM.
Quote from Supreme_Overload :
529 plan beneficiaries can roll over up to $35,000 to a Roth IRA over their lifetime. Rollovers are subject to Roth IRA annual contribution limits. The 529 account must be more than 15 years old. 529 to Roth IRA rollovers can be made beginning in 2024.
So why not just get a Roth to begin with?
Because you have the option to convert or not convert with a 529, which you don't have with the Roth IRA. I think you should stop giving financial advice if you are asking these fundamental finance questions on Slickdeals.
Reply
Joined Apr 2013
Supreme Overload
> bubble2 231 Posts
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Supreme_Overload
03-01-2023 at 07:20 AM.
03-01-2023 at 07:20 AM.
Quote from billyloon :
Because you have the option to convert or not convert with a 529, which you don't have with the Roth IRA. I think you should stop giving financial advice if you are asking these fundamental finance questions on Slickdeals.
That's the point I'm trying to make you understand - that question was to you to realize that there's no reason to go with a 529 because of the drawbacks. Having a Roth to begin with covers all the bases of a 529 with added benefits. If you researched more you'd understand, but I guess you'd rather just berate someone online with incorrect info.
Reply
Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
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billyloon
03-01-2023 at 10:55 AM.
03-01-2023 at 10:55 AM.
Quote from Supreme_Overload :
That's the point I'm trying to make you understand - that question was to you to realize that there's no reason to go with a 529 because of the drawbacks. Having a Roth to begin with covers all the bases of a 529 with added benefits. If you researched more you'd understand, but I guess you'd rather just berate someone online with incorrect info.
All of my information is correct. 529s exist for a specific reason. I think all of this is over your head and I hope for your sake you have a professional helping you make these decisions. I will always correct someone who spreads misinformation, including you.
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Joined Apr 2013
Supreme Overload
> bubble2 231 Posts
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Supreme_Overload
03-01-2023 at 12:04 PM.
03-01-2023 at 12:04 PM.
Quote from billyloon :
All of my information is correct. 529s exist for a specific reason. I think all of this is over your head and I hope for your sake you have a professional helping you make these decisions. I will always correct someone who spreads misinformation, including you.
Better start helping yourself there first, since you're the one that's wrong.
Reply

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Joined Oct 2014
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devgoon
03-10-2023 at 03:04 PM.
03-10-2023 at 03:04 PM.
I opened two accounts and it was a pain. It took weeks to straighten out the application.
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