This offer is valid for Fidelity Brokerage Services LLC ("Fidelity") teen (ages 13-17) customers who open and activate a new Fidelity Youth™ Account on or after 01/24/2022. The teen must create a login and agree to the terms to activate their new account. Offer is limited to one Fidelity Youth™ Account per teen.
Fidelity reserves the right to modify these terms and conditions or terminate this offer at any time. Other terms and conditions, or eligibility criteria, may apply. Before opening a Fidelity Youth Account, the parent should carefully read the account agreement and ensure they fully understand their responsibilities to monitor and supervise their teen's activity in the account.
To receive the $50 bonus award, users must complete the following:
- Qualify for the offer by opening and activating a new, Fidelity Youth Account on or after 01/24/2022.
- Parents or guardian of the teen must open or have their own Fidelity brokerage account to start the account opening process.
- Parent or guardian of the teen must initiate the application process and once completed, the teen will receive instructions on how to activate their account.
- A confirmation will be sent out to the teen once the bonus award has been deposited into the teen's account.
- No further investment or trading is required to qualify for the offer
The bonus award will be deposited directly into the eligible account within 10 calendar days after the teen has activated their account. Amounts deposited by Fidelity in the form of the bonus award will be initially held in the Fidelity Government Money Market Fund, the eligible account’s core position.
You could lose money by investing in a money market fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before opening an account and selecting a money market fund as your core position, read the money market fund's prospectus for policies specific to that fund. A copy of this prospectus will be made available to you during the account opening process.
This offer is nontransferable, limited to one account per individual, limited to $50 per teen. The promotion is not available for any other account types/products. This offer is not valid for non-U.S. residents.
Cumulative bonus awards credited to taxable accounts associated with your teen's social security number or tax identification number, as applicable, including those held at an affiliate of Fidelity, totaling $600 or more within a calendar year will appear on their consolidated Form 1099. You and your teen are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this bonus award and the deposit of the bonus award in your account. Any taxes resulting from the bonus award are your teen’s responsibility.