The app and debit card that help teens learn about money

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.


And for a limited time when you open a Fidelity Youth Account for your teen, they will get a $50 reward.* Learn more


An account where teens can save, spend, and invest

A first of its kind—the Fidelity Youth Account is owned by teens 13 to 17 and built to help them learn about money. 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.1

Free debit card

Teens get a free debit card, with no subscription fees, no account fees, no minimum balances, and no domestic ATM fees.2


Empowering teens with education

Teens can access a financial curriculum made just for them—so they can learn about saving, spending, investing, and more.

Save early

Investing can help teens take advantage of compounding early to help them grow their money over time.


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

Here's how to open a Fidelity Youth Account for your teen

  • If parent does not have a Fidelity account

    1. Find an account for yourself

    To open an account for your teen, parent or guardian must have a Fidelity account first. You can open accounts for yourself and your teen with no account fees and no minimums.


    2. Open an account for your teen

    Once you have your own account, you can open one for your teen.


    3. Your teen must activate the account

    Once you've completed the application and identification documents have been verified, your teen will need to download the Fidelity Mobile® App and activate their account. This step is necessary to complete the account opening process and deposit money.

    Why do I need to open an account?
  • If parent has an existing Fidelity account

    1. Open an account for your teen

    If you already have an account for yourself, start here to get your teen's account started.


    2. Your teen must activate the account

    Once you've completed the application and identification documents have been verified, your teen will need to download the Fidelity Mobile® App and activate their account. This step is necessary to complete the account opening process and deposit money.

Ongoing parental oversight

It's no secret that teens learn by doing for themselves. But it's important for you to provide ongoing guidance, as parents are responsible for their teen's account activity. The parent/guardian who opens an account for their teen can:


  • Review activity online and through monthly statements and trade confirmations
  • Set up alerts to see trades and transactions
  • Close the account or cancel the debit card at any time

At age 18, the teen's account will be transitioned to a retail brokerage account for free.


Learn more about oversight

Invest in something you

You don't need a ton of cash to start investing. With fractional shares you can start with just a buck. Think of it like buying a slice of pizza instead of the whole thing. But better, because you'll own a piece of the company instead.

The card for your

Make purchases. Take out cash. With your Fidelity debit card, spend bread how you like. Unlike some other cards, we don't charge a fee—and we'll reimburse any domestic ATM charges. Plus, it works with your favorite payment apps.

IN-APP

Financial literacy for teens

Learning about money can help teens feel empowered to make good financial decisions. So we've created a library of educational content to help them get smarter about the topics of saving, spending, and investing.


Teens with a Youth Account can find our Youth Learning Center in the app—or visit our Teens and money page.

WEBCAST

Raising money-smart kids

Created just for parents, this webcast can help you break down complicated financial ideas for the kids, teens—and even young adults—in your life. This 3-part video starts with the very basics on how money works, explores financial literacy, and provides an intro to the fundamentals of investing.


Learn more

LEARNING CENTER

Talking to your kids about money

It's not always easy to talk about money—even with family. So we've created a series of articles that can help facilitate money conversations with kids.


Learn more

Learn about other account options for saving & investing for a child


View all account types

Why Fidelity

Leader in value

Industry-leading value, with $0 commissions for online US stock trades, and no minimums to open an account.

Rated #1 by Forbes

Fidelity has been rated Best Online Broker 2021 by Forbes.

Decision-making tools

Powerful tools and research that can help you make more-informed financial decisions.


Ready to get started?


Get in touch

Contact us to get help.