Fidelity Youth™ FAQs


A parent or guardian must open the Fidelity Youth™ Account on behalf of their teen. To do this, they also need their own account with Fidelity. Parents can open a new account for themselves and their teen at the same time.​

  • What is Fidelity Youth™?

    Fidelity Youth™ is an app designed to help teens ages 13 to 17 manage and invest their money while developing lifelong money skills and habits.

    The app is where teens can access the Fidelity Youth Account: a teen-owned brokerage account that comes with a debit card. With Fidelity Youth, teens can save, spend, and invest all in one account. Parents can also use the app to monitor their teen’s Fidelity Youth™ Account, send money, set up allowance, and learn alongside their teen.

  • What is the Fidelity Youth™ Account?
    • The Fidelity Youth™ Account is a teen-owned brokerage account that comes with a debit card. It is not a joint account or a custodial account.
    • The Fidelity Youth Account will allow a teen to save, spend, and invest in a single account.
    • The Fidelity Youth Account has no subscription fees, no account fees, no minimum balances,1 and no global ATM fees.2
    • The teen is the owner of the account and has control over it (i.e., they are the sole decisionmaker, not the teen's parent or guardian).
  • How is a Fidelity Youth™ Account different from a Roth IRA for Kids?

    The Fidelity Youth™ Account is a teen-owned taxable brokerage account. It is owned by the minor, who makes all the investment decisions. This is unlike a Roth IRA for Kids, which is a custodial account that an adult opens and manages on behalf of a child under age 18 who has their own employment compensation.3 Earnings in a Roth IRA for Kids grow federal tax free; qualified withdrawals are also tax free.4

  • What controls does a parent have over a teen’s Fidelity Youth™ Account?

    Parents/guardians will:

    • Initiate and approve of opening the account
    • Retain the ability to close the account and/or cancel the debit card at any time
    • Be an Interested Party with “inquiry access,” meaning they will be able to review debit card statements, trade confirmations, and account transactions
    • Be designated as the “trusted contact”—a contact on the account should a situation concerning the teen’s welfare arise

    Parents cannot:

    • Transact in the account
    • Withdraw money from the account
  • What visibility does a parent have into a teen's Fidelity Youth™ Account?

    The parent can see the investments, balances, and activity of the account in the app and will receive statements and notifications through the platform or channel used by the parent (e.g. Fidelity.com and/or via email).

  • What are the responsibilities of a parent/guardian?

    Parents are obligated to provide supervision/oversight and to be responsible for their teen's actions. In any instances of suspected fraudulent activity on the account, the parent/guardian will be the main point of contact. The parent/guardian should review the Fidelity Youth™ Account Parent Agreement (PDF) for more information.

  • Will the teen be able to view the parent/guardian's Fidelity account?

    The teen will not have visibility into the parent's account in the Fidelity Youth™ app.

  • By opening a Fidelity Youth Account, will teens be able to view other Fidelity accounts they do not own?

    Teens will not be able to view other Fidelity accounts (besides their Fidelity Youth Account) in the Fidelity Youth™ app. However, if they log into the Fidelity mobile app or Fidelity.com, they will have access to view the following:

    • Accounts established under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA) where the teen is the named beneficiary.
    • Any UGMA or UTMA 529 custodial account where the teen is the named beneficiary. Note: Non-custodial 529 plans will not be visible.
    • Any Roth IRA for minors established for the teen.
    • Any IRA where the original account holder is deceased, and the assets have passed to the teen as the named beneficiary on the account.
  • Can two parents be listed as the Interested Party on a Fidelity Youth™ Account, or can the Interested Party be changed?

    At this time, only one parent/guardian can be named as the Interested Party on a Fidelity Youth™ Account. Changes to the parent/guardian identified as the Interested Party cannot be made except in cases of death or disability.

  • What happens to a Fidelity Youth™ Account when the teen turns 18?

    When the teen turns 18, their account is eligible to update to the regular Fidelity brokerage account with expanded features like option and margin trading.

    The teen will be prompted to update their account starting on their 18th birthday. They will have 60 days to do so before their debit card and ability to trade will be restricted. Once the account is updated, the debit card that the teen was issued for their Fidelity Youth™ Account will continue to be valid until it expires; at that point, a new debit card will be issued.

    Once a teen turns 18, the teen may choose whether the parent/guardian will continue to have access to that teen's Fidelity Youth Account information. Teens can still use the Fidelity Youth™ app when they turn 18 however, additional capabilities are available to them in the Fidelity mobile app.

  • How is the money in a Fidelity Youth™ Account safeguarded?

    Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities. Learn more about SIPC coverage at www.sipc.org.

  • Can a parent open a Fidelity Youth™ Account for their teen if they don't already have a retail brokerage relationship with Fidelity? For example, what about 401(k) participants?

    The parent must have some form of retail brokerage relationship with Fidelity to open a Fidelity Youth™ Account. With The Fidelity Account® and the Fidelity® Cash Management Account, parents can easily transfer money to their teen. Parents can open The Fidelity Account® at the same time as they open their teen's Fidelity Youth™ Account.

  • If a parent closes their retail account with Fidelity, can their teen's Fidelity Youth™ Account remain open?

    Should the parent/guardian decide to end their retail relationship with Fidelity, the Fidelity Youth™ Account will remain open for the teen. Until the teen turns 18 and updates the account to a standard brokerage account, the parent will remain associated with the account, will continue to have access to it, and be responsible to oversee and supervise the account. While the parent is associated with the account, their Fidelity login credentials will remain active.

  • Can parents open a Fidelity Youth™ Account for their teen who resides outside the US?

    No. Fidelity Youth™ Accounts are only available to US residents with a US address.

  • Who is responsible for taxes or fees associated with the Fidelity Youth™ Account, the teen or the parent?

    The funds in the account belong to the teen. Both the parent/guardian and the teen should consider the tax consequences of funding the account. Earnings on the account may require the teen to file a tax return and pay taxes on those earnings, or, if the parent and teen meet certain requirements, the parent may elect to include such earnings on their tax return to pay the applicable taxes.

    Additionally, funds used to open the account may be subject to gift taxes if given by the parent/guardian or other third party. This is only a summary of some of the tax implications of opening a Fidelity Youth™ Account. Parents should consult their tax advisor regarding the federal, state, and local tax consequences and/or potential impact to future student aid by opening an account with respect to their personal situation.

Errors and technical difficulties

  • What if I am experiencing issues opening an account?

    To ensure a smooth account opening process, please check the following:

    • Make sure you have submitted an unexpired photo ID for your teen.
    • If you opened a Fidelity Youth™ Account in the past but your teen did not activate the account, please call 800-343-3548.
  • I received an error message when I submitted my Fidelity Youth™ Account application. What should I do?

    If you already have an account for your teen, such as a UGMA, UTMA, or a Roth IRA for Kids, your teen's Social Security number and name are registered with Fidelity. The new Fidelity Youth™ Account must match the name previously entered for these other accounts exactly or you will receive an error.

    Log in to check the registration details that you previously used in other accounts, and use that info exactly as you enter it into the Youth Account application. Potential details to check include spelling, middle name, initials, using or omitting a hyphen in a name, etc. Note: If the Social Security number previously used is incorrect, please contact Fidelity at 800-343-3548.

  • My teen did not receive a welcome email/text. What steps should we take?

    If your teen did not receive a welcome email/text, then they should follow these steps to activate their account:

    • Download the Fidelity Youth™ app
    • Create a username and password (they will need the last 4 digits of their SSN)
    • Log in to the app and accept the Terms of Agreement

Financial industry professionals

Documentation/account opening

  • How do I submit identification documentation to open a Fidelity Youth™ Account?

    During the online account opening process, you (parent/guardian) will need to upload a photo ID of your teen, such as an unexpired driver's license, passport, birth certificate, or school ID. You will also be able to submit this later on, if necessary, in the "Your Transactions" page on Fidelity.com. Or you can download and log in to the Fidelity Youth™ app, where you will be prompted to upload the document.

  • I didn't submit my teen's identification documents when I opened the Fidelity Youth Account. Where can I submit them now?

    Please log in to the Fidelity Youth™ app where you will be prompted to upload your teen's unexpired photo ID.

  • Why does Fidelity need multiple forms of identification for my teen?

    Although you typically only need a Social Security number to open a standard Fidelity brokerage account, Fidelity is required to comply with antimoney laundering regulations. Our approach is to attempt to verify the required information via non-documentary means. Your teen's age may prevent Fidelity from verifying the required information electronically, so we require additional documentation to verify their identity.

    In rare instances, you may also need to provide an image of your teen's social security card. If this happens, we will notify you via email.

  • Why does Fidelity need my teen's contact information?

    Your teen is our customer, and we need this information to communicate with them, as we would any other customer. This may include sending them certain required account information, such as statements and trade confirmations, and notifying them of any issues with their debit card. In addition, in order to create their username and password, we will send a code to their phone during the verification process; this is needed to complete the setup.

  • Does Fidelity require consent for electronic delivery of account information?

    Yes, as a condition of opening the Fidelity Youth™ Account, both you (parent/guardian) and your teen must consent to electronic delivery.

  • Will Fidelity use my teen's contact information to sell them other financial service products?

    We use email as the primary communications method to notify account holders of features and updates regarding the Fidelity Youth™ Account. Fidelity will not use your teen's information to directly market other financial service products to them. It is possible, however, through the normal course of the customer relationship, that your teen may see general Fidelity marketing (e.g., banner ads, social media posts).

Closing the Fidelity Youth™ Account

  • How can the teen's Fidelity Youth™ Account be closed?

    Either the parent/guardian or the teen can close the Fidelity Youth™ Account at any time. When the account is closed, any securities in the account must be sold and the proceeds will be disbursed by check in your teen's name. Securities cannot be transferred in kind. The account can be closed by contacting a Fidelity representative at 800-343-3548 or using our virtual assistant in the Fidelity Youth™ app.

Account update

  • What happens when my teen turns age 18?

    Once the teen reaches age 18, the account must be updated to a standard Fidelity brokerage account. The assets will stay in the same account and keep the same account number/login credentials. Teens can still use the Fidelity Youth™ app when they turn 18; however, additional capabilities are available to them in the Fidelity Mobile® app. As the account owner, the teen will need to agree to a new set of governing documents, including a new account agreement. They will be prompted to update their account starting on their 18th birthday. The debit card they were issued for their Fidelity Youth™ Account will continue to be valid until it expires. At that point, a new brokerage debit card will be issued. They can access information about their card on the debit card page.

    The Fidelity Youth™ Account is not a custodial account, and the state law definitions of age of majority that pertain to the transition of custodial accounts do not apply to Fidelity Youth™ Accounts.

  • What happens if my teen does not update the account at age 18?

    On the teen's 18th birthday, their Fidelity Youth™ Account, will be restricted from making any purchases of additional securities (including execution of open orders). If the account has not yet been updated sixty days after the teen's 18th birthday, Fidelity will prohibit deposits and deactivate the debit card. The teen will always be able to sell their holdings. Until the account is updated, the parent/guardian will remain associated with and will continue to have access to the account.

Account funding and money movement

  • How can money be added to a Fidelity Youth™ Account?

    A parent/guardian can add money to a teen's Fidelity Youth™ Account by transferring money from their Fidelity account. A teen can add money to their own Fidelity Youth™ Account by transferring money from the teen's outside bank account via electronic funds transfer (EFT) or by depositing a check into the Fidelity Youth™ Account. Teens can also add money to their Fidelity Youth™ Account by trading in gift cards for cash.

    Note: There is generally a $30K annual deposit limit for Fidelity youth accounts.

  • How can a teen request money from their parent through the app?

    Teens can select Transact > Request money in the Fidelity Youth™ app to request money from their parent.

    Requests can only be fulfilled by the parent whose eligible retail brokerage account (i.e. The Fidelity Account® and the Fidelity® Cash Management Account) is linked to the teen's Fidelity Youth Account. Parents must first complete the account linking process and download the Fidelity Youth app before they can transfer money.

    The teen will enter the dollar amount they are requesting and can include a message telling the parent what it's for. A link will be generated to text to their parent. If the parent decides to honor the request in the Fidelity Youth™ app, once the transfer has been sent, the transaction details can be reviewed in the Activity section of the app.

  • Money was transferred to a teen’s account. Why isn’t it showing up yet?

    Once a parent's Fidelity account is linked to their teen’s Fidelity Youth™ Account, money sent by the parent will instantly transfer to the teen. Please note, transfers greater than $500 may take longer to process. Transfers made from external (non-Fidelity) accounts via EFT (electronic funds transfer) or wire may vary in processing time.

  • A parent linked their account to their teen's account but can't transfer money. Why?

    This may be because the teen's Fidelity Youth™ Account is not yet activated. To activate their account, teens must first download the Fidelity Youth app, create a username and password (requires last 4 digits of their SSN), log into the app, and accept the Terms of Agreement.

  • As a parent, why can't I see my teen’s account when I try to transfer money?

    Before transferring money, parents need to link their eligible Fidelity account(s) to their teen's Fidelity Youth™ Account. Parents can do this in the Fidelity Youth app by navigating to Transact > Transfer money, selecting their Fidelity account in the "From" field, and then selecting "Link to your teen’s account" in the "To" field. The account linking process can also be completed onlineLog In Required.

  • Can parents/guardians set up allowance in Fidelity Youth™?

    Parents can send their teen allowance in the Fidelity Youth™ app by selecting Transact > Set up allowance and setting up a recurring transfer. Once the teen turns 18, the allowance feature will stop automatically. Parents can still set up a recurring transfer if they'd like after the teen turns 18.

  • How can a parent/guardian link their trust account to their teen’s Fidelity Youth™ account?

    The parent will need to fill out the Standing Transfer Instructions form (PDF) to set up a link between their Fidelity trust account and their teen’s Fidelity Youth™ Account.

  • Can a parent who didn't open the account, a grandparent, or another family member contribute money to a teen's Fidelity Youth™ Account?

    Anyone other than the parent who opened the Fidelity Youth™ Account can contribute to the teen’s account by writing them a check. The teen can then deposit the check into their account by selecting “Deposit a check” in the Transact menu of the Fidelity Youth app.

Saving and spending

  • How do money buckets work?

    Money buckets allow teens to set aside money for specific things they want to save for while keeping their funds accessible within the same account. For example, a teen could create a money bucket for “Shoes,” which would display as a separate bucket from their default Spending money bucket.

    Teens may create up to five buckets in addition to their default Spending money bucket. Keep in mind that buckets work like subcategories within the Fidelity Youth™ Account, which means parents cannot view their teen’s money buckets.

  • How does automated saving work?

    Automated saving, or “auto-save,” is a feature that allows teens to put a percentage of all incoming money toward a particular money bucket that they have created. Auto-save can be enabled for any bucket other than the default Spending money bucket.

    When setting up auto-save, teens will set a percentage of the money that comes into their account to automatically be allocated to a bucket of their choosing—for example, they could decide to allocate 30% of incoming money towards their “Shoes” bucket. Teens can change the percentage and/or the bucket selected for auto-save at any time. Auto-save can be applied to only one bucket at a time.

  • When a teen spends with their debit card, how does the money come out of their buckets?

    If a teen has set up money buckets, money will always come out of the Spending money bucket first. Teens can specify the order in which money is withdrawn from their other buckets (if they have created multiple buckets) once the Spending money bucket is depleted.

    When auto-save is selected for a given bucket, that bucket will automatically fall to the bottom of the priority order list—meaning it will be the last bucket from which money is withdrawn, should all other buckets be depleted.

    Teens can always reorder their buckets. Any new buckets created after they set their bucket priority order will be added after previously established buckets and before the auto-saved bucket. Auto-save can only be applied to one bucket at a time.

  • What happens if a teen tries to spend more money than they have in their account?

    If a teen tries to spend more money than what is available in their account (specifically, in their cash balance), their debit card will be declined.

    It’s important to note that the total cash balance is available for spending with the debit card, regardless of how that cash is divvied up between buckets. If, for example, a debit card purchase uses up all of the available funds in a teen’s Spending money bucket, money will then be withdrawn from the teen’s other buckets according to the priority order that the teen has specified.

  • How can a teen manage their debit card?

    Card management, including card activation, viewing card limits, managing PINs, locking and unlocking the card, replacing the card, and managing travel preferences can be done through online card management.

  • Can teens add their Fidelity Youth™ Account debit card to a digital wallet?

    Yes! Teens can add their Fidelity Youth™ Account debit card to a digital wallet for a safe, convenient, and easy way to pay. They can set this up through their digital wallet on their mobile device (such as Apple Pay or Google Pay).

Investing, trades, limits

  • What securities is my teen able to invest in?

    Teens can invest in:

    • Fidelity mutual funds
    • Most US stocks
    • Some exchange-traded funds (ETFs)

    Teens cannot invest in:

    • Third-party mutual funds
    • Corporate bonds
    • Municipal fixed income securities
    • Certificates of deposit (CDs)
    • Treasuries
    • REITs
    • Convertibles
    • Leveraged and inverse ETFs
    • Cryptocurrencies
    • FILI Insurance products
    • Penny stocks (stocks valued at $5/share or less)
    • International stocks
    • Foreign currencies

    Additionally, teens cannot engage in options or margin trading or short selling, or participate in a company's IPO.

  • Can my teen trade cryptocurrencies in the Fidelity Youth™ Account?
    No. Due to the increased level of risk associated with cryptocurrencies, Fidelity does not currently offer this option in our brokerage accounts, including the Fidelity Youth™ Account.
  • How can teens get ready to start investing?

    Teens can visit the Learn section of the Fidelity Youth™ app for educational resources to help them get started with investing and build other money skills and habits.

  • What steps does a teen need to take in order to start investing?

    Once the parent/guardian completes the application process and submits the required documents, the teen will receive an email/SMS text with next steps. Note: If all steps are not completed, the account will not be available to receive funds or trade.

    Then, the teen will need to:

    • Download the Fidelity Youth™ app
    • Create a username and password (last 4 digits of teen’s SSN needed)
    • Login and accept the Fidelity Youth Account Terms of Agreement

    Teens can then begin to invest once the account is funded. 

    Note: Before your teen begins investing, please ensure that they are in fact ready to invest. Help them understand that investing involves risk and that they can lose money. Teens can explore the Learn section in the Fidelity Youth™ app for content to help them understand more about investing and finances.

  • How much money do teens need to start investing?

    Teens can start investing with as little as $1 with fractional shares.6

  • Are there any other trade limits? 

    Currently, there are no limits on the number of trades a teen can place (Note: There is generally a $30,000 maximum that can be added to the account annually). However, there are certain rules teens need to follow in order to avoid trading violations. The following are three potential violations to be aware of:

    • A good faith violation is when someone buys a security (like a stock or a fund) and sells it before paying for the initial purchase in full with settled funds. Only cash or the sales proceeds of fully paid for securities qualify as “settled funds.”
    • A freeriding violation is when someone buys securities and then pays for that purchase by using the proceeds from a sale of the same securities.
    • A cash liquidation violation is when someone buys securities and covers the cost of that purchase by selling other fully paid securities after the purchase date. This is considered a violation because brokerage industry rules require you to have sufficient settled cash in your account to cover purchases on the settlement date.
  • Is there a minimum balance for the teen's Fidelity Youth™ Account? Is there an account limit?

    There is no minimum balance requirement. There is a maximum deposit limit of generally no more than $30,000 added to the account per calendar year. We will monitor account deposits and reserve the right to restrict additional deposits and trading capabilities if annual activity exceeds this limit. If more than $30,000 is added annually, the parent and teen will be notified to remove additional funds.

  • Is there a limit on the amount that can be direct deposited from an employer into the teen's Fidelity Youth™ Account?

    There is a maximum deposit limit of no more than $30,000 per calendar year. We will monitor account deposits and reserve the right to restrict additional deposits and trading capabilities if annual activity exceeds this limit.

  • Are there withdrawal limits on my teen's Fidelity Youth™ Account?

    The debit card has daily spending limits (both individual and gross daily) for transactions and cash withdrawals. There are no limits on withdrawals by other means (e.g., check, EFT, wire). Transfer of securities in kind out of the Fidelity Youth™ Account is prohibited.

  • Can parents withdraw from the teen's account?
    No, parents/guardians cannot withdraw money from their teen's account. Only the Fidelity Youth™ Account owner (the teen) can withdraw money from the account.
  • Can a teen send gifts to tax-exempt organizations?
    Teens may not gift securities from the Fidelity Youth™ Account. However, if a charitable organization accepts debit cards, teens may donate cash from their account.
  • What is the teen's role in proxy voting or corporate actions?

    Teens may participate in corporate actions or proxy voting, as this comes with the territory when investing. However, your teen should work with their parent to decide whether this makes sense for them.

Earning and rewards

  • What money can be earned in the Fidelity Youth™ app?

    Teens can earn money in the app in the following ways:

    • Learn & Earn: Teens can earn $2 per level by completing learning modules within the Learn section of the app.
    • Cents-per-use: Teens will earn a $0.05 reward whenever they use their debit card to buy something. Teens can earn this reward for a maximum of 15 transactions or ($0.75) per day. The following transactions are ineligible for the cents per use reward: cash deposit/withdrawals, return, purchase reversal, cash reversal, return reversal, purchase adjustment, cash adjustment, return adjustment.
  • How does Learn & Earn work in Fidelity Youth™?

    Teens can earn $2 per level by completing learning modules within the Learn section of the app. We believe it’s so important for teens to learn about money that we’re willing to give it away!

    Reward amounts are calculated and deposited to the teen's Fidelity Youth™ Account upon completion of each module. Once teens complete a module and receive their reward for that module, they will no longer be eligible for additional reward dollars for that module if they choose to retake it.

  • What is the cents-per-swipe reward in Fidelity Youth™?

    Teens will earn a $0.05 reward whenever they use their debit card to buy something. Teens can earn this reward for a maximum of 15 transactions (or $0.75) per day.

    Cents-per-swipe rewards are calculated and deposited into the teen's Fidelity Youth™ Account. Eligible transactions are defined as the purchase of goods or services. The following transactions are ineligible for the cents-per-swipe reward: cash deposit/withdrawals, return, purchase reversal, cash reversal, return reversal, purchase adjustment, cash adjustment, return adjustment.

  • How does the gift card cash exchange work in Fidelity Youth™?

    Fidelity has teamed up with CardCash, a third-party company, to allow teens to exchange gift cards for cash. The money will be deposited directly into the teen’s Fidelity Youth™ Account. CardCash has their own Terms and Conditions outlined in the app.

Notifications, statements, and confirms

Debit card

  • Can teens manage their debit card online?

    Yes, online card management is available for card activation, viewing card limits, managing PINs, locking and unlocking the card, replacing the card if lost, stolen, or damaged, and managing travel preferences. Debit card usage alerts (for debit transaction notifications) are also available but must be set up in the Alert Center on Fidelity.com.

  • When will teens receive their debit card?

    Teens will receive their debit card in approximately 7—10 days after they activate their account. To activate their account they must:

    • Download the Fidelity Youth™ app
    • Create a username and password (last 4 digits of teen's SSN needed)
    • Login and accept the Fidelity Youth Account Terms of Agreement
  • Are there any features or limits on the teen's debit card specific to the Youth Account?

    Yes, the debit card is subject to daily transaction limits (both individual and gross daily). Teens can view the daily limits and remaining balance associated with the debit card on the Fidelity debit card page. Daily limits reset each day at 12:00 midnight ET. Daily limits are subject to the Available to Withdraw balance in the account. Domestic and international ATM fees charged by other institutions will be reimbursed.

  • Who should the teen contact if there is an issue with their debit card?

    For debit card issues, teens can contact Fidelity Debit Card Services using the number located on the back of their card or 800-323-5353. When placing the call, the teen should have their debit card number, the last 4 digits of their Social Security number, and their Fidelity account number. If the teen needs assistance, they can consent to allow their parents to join the call to provide instructions or act as the primary point of contact if follow-up is needed.

  • What if a parent doesn't want their teen to have a debit card? Can they still open a Fidelity Youth Account?

    A debit card will automatically be created and sent to the teen when a Fidelity Youth Account is opened. The parent or teen can choose to deactivate the debit card at any time without closing the Youth Account by calling a Fidelity representative at 800-343-3548.

Financial education

  • How can teens learn more and build their money skills?

    Teens can check out the Learn section of the Fidelity Youth™ app, featuring videos, articles, knowledge quizzes, and more on topics like spending, saving, and investing smarter. Teens also earn $2 per level when they complete Learn & Earn lessons.

Ready to get started?