Youth Account offer frequently asked questions
What is the current available offer for Youth Accounts?
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. Fidelity reserves the right to modify the terms and conditions or terminate the offer at any time. Other terms and conditions, or eligibility criteria, apply. See terms and conditions for more information.
How long does the $50 promotional offer last?
This offer is available for a limited time and Fidelity reserves the right to terminate the offer at any time.
How does my teen receive the offer?
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.
- 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.
Is my teen eligible for this offer?
Some individuals may not be eligible. Reasons for ineligibility include, but are not limited to:
- 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.
- Please review program terms & conditions for complete rules on eligibility.
How will I know that my teen received their $50 reward?
Your teen will get a push notification on their phone when the $50 reward has been deposited into their account.
I completed my teen's application. When will they get their $50 reward?
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.
If your teen hasn't downloaded the Fidelity Mobile® App to activate their account, encourage them to do so by texting them a link to our app.
I have initiated the opening of a Youth Account for my teen, but they have not yet activated it. Will they receive a $50 reward?
In order for Fidelity to deposit a reward into a Youth Account, your teen must download the Fidelity Mobile® App and agree to our terms of service. If your teen has not yet taken these steps, encourage them to do so by texting them a link to our app.
Can my teen open multiple accounts for multiple rewards?
No, this specific offer is limited to one account per individual.
What are the funding requirements?
There are no funding requirements to receive this reward.
Does my teen have to keep the $50 reward at Fidelity once received?
The $50 reward is theirs to save, spend, or invest however they wish.
Does my teen need to pay taxes on the $50 reward?
You (parent/guardian) or your teen are encouraged to consult with a tax professional about appropriate tax reporting and treatment relating to this offer and the deposit of the reward in your teen's account.
Why is Fidelity giving my teen $50?
We are hoping to help your teen jumpstart their financial journey by helping them learn about money. Using our mobile app, they can access the Youth Learning Center, which is a resource created specifically to help teens learn the basics about saving, spending, and investing.