Fidelity Youth^® FAQs

The Fidelity Youth^® Account is a teen-owned brokerage account that lets teens save and invest in one account. Teens can also request a debit card to spend from their account. It is not a joint account or a custodial account. There are no subscription fees, no account fees, and no minimums to open the account¹. The teen is the owner of the account and has control over it (i.e., they are the sole decision maker, not the teen's parent or guardian).

Teens without a smartphone can access their Fidelity Youth^® Account on Fidelity.com.

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 different from 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.² Earnings in a Roth IRA for Kids grow federal tax free; qualified withdrawals are also tax free.³

Parents have certain controls over a teen's Fidelity Youth^® account. They must initiate and approve the opening of the account. They will retain the ability to close the account and/or cancel the debit card at any time, if their teen has one. They will have "inquiry access" to the account as an Interested Party, allowing them to review debit card statements, trade confirmations, and account transactions. The parent/guardian is designated as the "trusted contact" on the account and can be contacted should a situation concerning the teen's welfare arise. However, the parent/guardian of the Fidelity Youth^® Account cannot transact in the account or withdraw money from the account.

The parent of a Fidelity Youth^® Account owner can see their teen's investments, balances, and account activity in the Fidelity Investments^® app, and will receive statements and notifications through the platform or channel used by the parent (e.g. Fidelity.com or via email).

Parents of Fidelity Youth^® Account owners 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.

A teen with a Fidelity Youth^® Account will not have visibility or access into the parent's account.

Teens can only view balances and information pertaining to the following account types:

• Their own Fidelity Youth^® Account
• 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

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 primary Interested Party cannot be made except in cases of death or disability.

You can add an additional parent in the Fidelity Investments^® app (starting in November 2025). To add another parent, the parent on the account will need to:

• Log into the Fidelity Investments^® app
• Navigate to "Profile" and tap 'Contacts'
• Under "Your teen accounts," by "Parent access," tap "Manage"
• Follow the steps to enter additional parent information and validate their identity

Note: Additional parent access can only be granted to parents/guardians who are also Fidelity customers. Granting viewership access to an additional parent does not make that parent an Interested Party.

Additional parent access allows one parent/guardian other than the parent who opened the Fidelity Youth^® Account to view account information and make inquiries to Fidelity.

Once added to the account, additional parents can:

• See their teen's account activity in the Fidelity Investments^® app
• Transfer money into the Youth Account (upon linking their own Fidelity account)

An additional parent cannot:

• Close or transact in the Youth Account
• Cancel or order debit cards
• Withdraw money from the account

In order to remove an additional parent from the account, the teen account owner and the parent who opened the Youth Account need to call Fidelity together at 800-343-3548.

When a teen with a Fidelity Youth^® Account turns 18, their account is eligible to convert to the regular Fidelity brokerage account with expanded features like option and margin trading.

The teen will be prompted to convert their account starting on their 18th birthday. They will have 60 days to do so before their ability to trade and their debit card (if they have one) will be restricted. Once the account is converted, any 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.

The Fidelity Youth^® Account, like other Fidelity brokerage accounts, is 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.

A parent must have some form of retail brokerage relationship with Fidelity to open a Fidelity Youth^® Account for their teen. 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.

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 converts 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.

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

The money in a Fidelity Yout^h® Account belongs 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, money 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.

In March 2026, the Fidelity Youth^® app will be decommissioned (retired) and teens and their parents will only be able to access the Youth Account in the Fidelity Investments^® app or on Fidelity.com. Don't worry—the Youth Account isn't changing. Login details, account information, direct deposits, linked bank accounts, and your debit card will all stay the same. Plus, teens will gain access to more advanced investing tools and features, as well as curated learning content.

This new experience is already available. You can download and start using the Fidelity Investments app (as a teen or parent) to access or view the Youth Account anytime on the App Store or Google Play Store. Teens will see an app experience designed specifically for them.

Please note: While we continue to build out and enhance the new Youth Account experience, there are a couple of features that will not be carried over from the Fidelity Youth^® app to the Fidelity Investments^® app. These include:

• Money buckets and automated savings
• Fidelity Basket Portfolios for Teens

Teens that currently own Fidelity Basket Portfolios for Teens do not need to take any action. They will continue to own all the individual stocks and/or ETFs that were part of their Basket(s), and they'll show up in the account like any other investment. However, the Basket structure and its associated features (such as rebalancing) will no longer be available to teen Youth Account-owners once the Fidelity Youth^® app is retired in March 2026.

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.

If you received an error message when submitting your Fidelity Youth^® Account application, check if you already have an account for your teen, such as a UGMA, UTMA, or a Roth IRA for Kids. If so, your teen's Social Security number and name are registered with Fidelity and you will need to call Fidelity at 800-343-3548 so we can complete the account opening process for you.

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

• Download the Fidelity Investments^® app or to Fidelity.com (if using Fidelity.com, click "Login" and then "Sign up")
• Create a username and password (they will need the last 4 digits of their SSN)
• Log into the app and accept the Terms

If a member of the household works in the financial services industry, we recommend consulting with that company's Legal and Compliance department to find out if you should report the opening of a Fidelity Youth^® Account to that employer.

During the online account opening process for the Fidelity Youth^® Account, you (the parent/guardian) will need to upload an ID for 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, via the "Your Transactions" page on Fidelity.com.

Although you typically only need a Social Security number to open a standard Fidelity brokerage account, Fidelity needs a form of ID for teens to open a Fidelity Youth^® Account in order to comply with anti–money laundering regulations. 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.

Your teen is our customer, and we need their contact 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, if they have one. 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 of the Fidelity Youth^® Account.

As a condition of opening the Fidelity Youth^® Account, both you (parent/guardian) and your teen must consent to electronic delivery of account information.

Fidelity uses email as the primary communication method to notify teen 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 or social media posts).

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.

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

Teens may select Transact > Request money in the Fidelity Investments^® app to request money from their parent. 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, once the transfer has been sent, the transaction details can be reviewed in the Activity section of the app.

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 complete the account linking process before they can transfer money to their teen.

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.

If a parent linked their account to their teen's Fidelity Youth^® Account but can't transfer money, this may be because the teen's Fidelity Youth^® Account is not yet activated. To activate their account, teens must first download the Fidelity Investments^® app, create a username and password (requires last 4 digits of their SSN), log into the app, and accept the Terms.

If a parent can't see their teen's Fidelity Youth^® Account when trying to transfer money, parents should make sure to link their eligible Fidelity account(s) to their teen's Fidelity Youth^® Account. The account linking process can also be completed onlineLog In Required or in the Fidelity Investments^® app.

Parents can send their teen allowance by setting up a recurring transfer in the Fidelity Investments^® app by tapping Transact > Automate > Recurring transfer and selecting their teen's Youth Account in the "To" field.

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.

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 Investments^® app.

There is no minimum balance requirement for the Fidelity Youth^® Account. 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.

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

The debit card for the Fidelity Youth^® Account 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.

Parents cannot withdraw money from their teen's Fidelity Youth^® Account. Only the Fidelity Youth^® Account owner (the teen) can withdraw money from the account.

Teens may not gift securities from the Fidelity Youth^® Account to tax-exempt organizations. However, if a charitable organization accepts debit card payments, teens may donate cash from their account.

Teens can request a debit card in the Fidelity Investments^® app or online. Teens will receive their debit card approximately 7–10 days after they request one.

Online card management is available for Fidelity Youth^® Account 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.

The Fidelity Youth^® Account debit card is subject to daily transaction limits (both individual and gross daily). Your teen can view the daily limits and remaining balance associated with the debit card on the Fidelity debit card page.⁵ Daily limits reset each day at 12:00 midnight ET. Daily limits reset each day at 12:00 midnight ET. Daily limits are subject to the Available to Withdraw balance in the account.

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

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).

Teens can invest in:

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

Teens cannot invest in:

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

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

Due to the increased level of risk associated with cryptocurrencies, Fidelity does not currently offer these securities in the Fidelity Youth^® Account.

Teens can start investing in their Fidelity Youth^® Account with as little as $1 with fractional shares.⁴

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.

Teens with a Fidelity Youth^® Account may participate in corporate actions or proxy voting, as this comes with the territory when investing. However, teens should work with their parent to decide whether this makes sense for them.

In March 2026, the Fidelity Youth^® app will be decommissioned (retired) and teens and their parents will only be able to access the Youth Account in the Fidelity Investments^® app or on Fidelity.com.

As a part of this change, Fidelity Basket Portfolios for Teens and associated Basket investing features are going away.

Teens that currently own Fidelity Basket Portfolios for Teens do not need to take any action. They will continue to own all the individual stocks and/or ETFs that were part of their Basket(s), and they’ll show up in the account like any other investment. However, the Basket structure and its associated features (such as rebalancing) will no longer be available to teen Youth Account-owners once the Fidelity Youth^® app is retired in March 2026.

Current Basket owners may choose to sell their Baskets anytime (but be aware that doing so may trigger a taxable event). In addition, teens can continue to manage, buy more, or rebalance their baskets as usual within the Fidelity Youth^® app until the app is retired.

All standard account-related correspondence will be provided to your teen regarding their Fidelity Youth^® Account (e.g., brokerage account statements, tax report notifications, trade notifications). Debit card usage alerts (for debit transaction notifications) are also available but must be set up by teens in the Alert Center.

Once the teen reaches age 18, the Fidelity Youth^® Account must be converted to a standard Fidelity brokerage account. The assets will stay in the same account and keep the same account number and login credentials.

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 convert their account starting on their 18th birthday and will have 60 days from their birthday to complete the account conversion process before their account is locked.

If the teen has a Fidelity Youth^® debit card, it 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.⁵

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.

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) until it is converted. If the account has not yet been converted 60 days after the teen's 18th birthday, the account will be locked and Fidelity will prohibit deposits and deactivate the debit card, if they have one, until the conversion process is completed.

The teen will always be able to sell their holdings. Until the account is converted, the parent/guardian will remain associated with and will continue to have inquiry access to the account. Once the account is converted, the account owner may update the interested party access to the account if they choose.

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 1-800-343-3548 or using our virtual assistant in the Fidelity Investments^® app.