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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 May 2019
L4: Apprentice
> bubble2 334 Posts
66 Reputation
Chinonoco
03-11-2023 at 02:52 PM.
03-11-2023 at 02:52 PM.
Quote from devgoon :
I opened two accounts and it was a pain. It took weeks to straighten out the application.

But you were able to open a second for a second child and get the bonus too? My son is about to turn 13 in about a month.
1
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Joined Oct 2014
L2: Beginner
> bubble2 38 Posts
10 Reputation
devgoon
03-11-2023 at 04:27 PM.
03-11-2023 at 04:27 PM.
Quote from Chinonoco :
But you were able to open a second for a second child and get the bonus too? My son is about to turn 13 in about a month.

No, just on per family.
1
Reply
Joined Nov 2009
L4: Apprentice
> bubble2 469 Posts
120 Reputation
Blitz64
03-11-2023 at 09:43 PM.
03-11-2023 at 09:43 PM.
I got my $50 and my child's debit card. I setup google pay with her debit card. everything works fine.
getting google pay working on her android phone was the main reason for opening this account.
1
Reply
Joined Dec 2006
L3: Novice
> bubble2 128 Posts
30 Reputation
djc998
03-15-2023 at 08:17 AM.
03-15-2023 at 08:17 AM.
Quote from eliteconcept :
I'll prob move money into money market... I'm not overly worried about interest as I am teaching value of saving and deferred enjoyment and emergency funds

Also teach them about investing. I don't really care what happens with their money in the account. Just want them to learn about investing too. Fidelity gives them that.
1
Reply
Joined Jul 2013
L2: Beginner
> bubble2 148 Posts
22 Reputation
djtidbit
03-15-2023 at 10:32 AM.
03-15-2023 at 10:32 AM.
Quote from steveliv :
Delaying the inevitable, SSN card is required for any bank to open an account.

I've opened dozens of accounts and never given a copy of ssn
1
Reply
Joined Mar 2007
L4: Apprentice
> bubble2 451 Posts
80 Reputation
Scaevola
03-16-2023 at 01:00 PM.
03-16-2023 at 01:00 PM.
Cough* shill
Reply
Joined Jun 2018
L2: Beginner
> bubble2 99 Posts
14 Reputation
earnaliving
03-16-2023 at 05:47 PM.
03-16-2023 at 05:47 PM.
One of my boys recieved the 50, my other has not
1
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Joined Nov 2007
L8: Grand Teacher
> bubble2 3,429 Posts
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zyx987
03-16-2023 at 05:54 PM.
03-16-2023 at 05:54 PM.
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?

Look into backdoor Roth
1
Reply
Joined Nov 2015
L5: Journeyman
> bubble2 912 Posts
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HuntingHumans
03-20-2023 at 08:16 AM.
03-20-2023 at 08:16 AM.
aaaaaaaaand it's gone
1
Reply
Joined Jun 2004
L5: Journeyman
> bubble2 600 Posts
220 Reputation
rushhour
03-22-2023 at 10:48 PM.
03-22-2023 at 10:48 PM.
Quote from eliteconcept :
Why even make it optional? My 11 yr old has had one (savings acct) for 7 years now... he knows that for Christmas and birthday money he spends half and saves half. He's got over 2k at this point and knows he can't touch it till he starts driving... even then it'll be emergency need only. Though we did give him alot of the money we got for him from stimulus money. His 4 year old sister is doing the same thing. Need to move them into money markets or something but I'm not overly worried about it.
I know you posted this over a year ago but who do you use for your kids bank accounts? And is it in their names since they're under 13?
1
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Joined Sep 2016
L3: Novice
> bubble2 279 Posts
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ThingsThatPoint
03-23-2023 at 02:17 AM.
03-23-2023 at 02:17 AM.
Two teens, one received the $50, the other has not, over a month later.
1
Reply
Joined Feb 2009
shut up and take my money
> bubble2 1,814 Posts
445 Reputation
eliteconcept
03-25-2023 at 09:28 AM.
03-25-2023 at 09:28 AM.
Quote from rushhour :
I know you posted this over a year ago but who do you use for your kids bank accounts? And is it in their names since they're under 13?
I use a local credit union. yes the accounts are in there names with my name also on them.
1
Reply
Joined Jan 2006
L6: Expert
> bubble2 1,118 Posts
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jeffge
03-28-2023 at 09:55 AM.
03-28-2023 at 09:55 AM.
Quote from thingsthatpoint :
two teens, one received the $50, the other has not, over a month later.
its one per household
2
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Joined Mar 2023
L2: Beginner
> bubble2 31 Posts
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Shawn.p
03-29-2023 at 11:23 PM.
03-29-2023 at 11:23 PM.
I had a 401k from old job with fidelity lost over 5k from it I don't trust them there crooks IMHO
4
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Joined Sep 2015
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ericcabral760
03-31-2023 at 01:57 AM.
03-31-2023 at 01:57 AM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?

Custodial IRA.. I'm looking into opening 2 for my 6 and 4yo. Fidelity has some options.
1
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