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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 2015
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> bubble2 38 Posts
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here4thecomments
09-18-2023 at 03:20 PM.
09-18-2023 at 03:20 PM.
Quote from LavenderStranger376 :
What are the best accounts for a 2 year old?
The best option, IMO, is a Custodial Roth 401K. Deposit and invest up to $6,500 per year, and the withdrawals and earnings are 100% tax fee. You child could realistically have $400-$500K at 18 y/o if you max it out yearly.
2
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Joined Jun 2010
L6: Expert
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orangeslick
09-19-2023 at 09:30 AM.
09-19-2023 at 09:30 AM.
Quote from here4thecomments :
The best option, IMO, is a Custodial Roth 401K. Deposit and invest up to $6,500 per year, and the withdrawals and earnings are 100% tax fee. You child could realistically have $400-$500K at 18 y/o if you max it out yearly.
Roth 401k is employer-sponsored. Does your child's employer offer it?

Custodial Roth (not Roth 401k) is limited by the amount of the child's earned income. So that may be a challenge especially for very young kids.
Reply
Joined Sep 2010
L5: Journeyman
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jlongo527
09-20-2023 at 08:46 AM.
09-20-2023 at 08:46 AM.
Quote from billyloon :
529 plan

Just not in Maryland. Read about how they "lost money"
Reply

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Joined Dec 2009
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homeuser31
09-23-2023 at 11:17 PM.
09-23-2023 at 11:17 PM.
how do I as a parent transfer money to teen's account. I dont see an option to transfer from my brokerage account to teens' account. Also dont see any option from transfering from my bank to teens' account. any idea?
Reply
Joined Apr 2008
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chinnaly
09-24-2023 at 09:42 AM.
09-24-2023 at 09:42 AM.
Opened my daughter's youth account a week ago. Uploaded a copy of her passport as ID proof during account opening process. So far she hasn't received email from fidelity with instructions to download or sign up for online account.

When I login to my (parent) fidelity account, I can see her account linked to mine. So I had my daughter download fidelity app on her phone and sign up for a user id. However at the end of the process she get an error. Not sure if she still needs to wait for an email before creating online user id.

Has this happened to anyone else?

UPDATE: An email never came through. I spoke with Fidelity customer care and the rep asked my daughter to sign up on Fidelity's website (using a browser) and then use those credentials to login on the mobile app. This process finally worked.
Reply
Last edited by chinnaly September 25, 2023 at 07:56 PM.
Joined May 2019
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Chinonoco
09-25-2023 at 07:31 PM.
09-25-2023 at 07:31 PM.
Quote from homeuser31 :
how do I as a parent transfer money to teen's account. I dont see an option to transfer from my brokerage account to teens' account. Also dont see any option from transfering from my bank to teens' account. any idea?

You will need to link you account to hers in order to transfer money. You can do so on the website. I don't think you can do it on the moble app.
Reply

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Joined May 2019
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> bubble2 334 Posts
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Chinonoco
09-25-2023 at 07:34 PM.
09-25-2023 at 07:34 PM.
Quote from chinnaly :
Opened my daughter's youth account a week ago. Uploaded a copy of her passport as ID proof during account opening process. So far she hasn't received email from fidelity with instructions to download or sign up for online account.

When I login to my (parent) fidelity account, I can see her account linked to mine. So I had my daughter download fidelity app on her phone and sign up for a user id. However at the end of the process she get an error. Not sure if she still needs to wait for an email before creating online user id.

Has this happened to anyone else?

I believe you need the email first.
Reply
Joined Dec 2014
L10: Grand Master
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someoneslick
09-26-2023 at 10:21 PM.
09-26-2023 at 10:21 PM.
do they have any deal for something called fidelity over the hill? lol.
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Joined Nov 2017
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This user is an Expert in Home & Home Improvement
HusLol
09-27-2023 at 09:22 AM.
09-27-2023 at 09:22 AM.
Greedy people are aiming for kids' ps5 money now
Reply
Joined Oct 2008
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ItsABingo
09-28-2023 at 08:28 AM.
09-28-2023 at 08:28 AM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?
For what use case? For kids a little older, check out greenlight.
Reply
Joined Jul 2005
L6: Expert
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wirespeed
09-28-2023 at 08:48 AM.
09-28-2023 at 08:48 AM.
what is different between 529 plan and custodial account.

anyone care to give explanation

thanks.
Reply
Joined Sep 2006
L7: Teacher
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dpecs
09-29-2023 at 03:44 AM.
09-29-2023 at 03:44 AM.
Quote from homeuser31 :
how do I as a parent transfer money to teen's account. I dont see an option to transfer from my brokerage account to teens' account. Also dont see any option from transfering from my bank to teens' account. any idea?

I had the same issue so I just wrote out a check and used the deposit feature into my child's account. Money was there next day.
Reply
Joined May 2017
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captgarrett
09-29-2023 at 07:06 AM.
09-29-2023 at 07:06 AM.
Lots of questions here about good accounts for youth. A lot of you are citing 529, but there are some key advantages of utilizing a custodial Roth IRA instead. There's plenty of good comparison documentation out there, please give it a look.
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dingutakum
09-29-2023 at 07:11 AM.
09-29-2023 at 07:11 AM.
I just called in and asked.. after 10 mins and going thru 2 agents they verified that this offer can be availed for both kids.
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