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Written by Cari Scribner on May 20, 2021
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Fidelity Launches New Youth Investing Account

Fidelity has just unveiled the first of its kind Youth Investing Account, giving teens aged 13 to 17 a way to learn how to spend, save, and invest all in a single account.

These younger teens can trade most US stocks, ETFs, and Fidelity mutual funds in their own accounts. Once the teen opens the Youth Account, they will get a free debit card with no account fees or minimums.

The Youth Account has no subscription fees, no account fees, no minimum balances, and no domestic ATM fees.

The teen is the owner of and has control over the account. They are the sole decision-maker, not the teen's parent or guardian. It is not a joint account or a custodial account.

However, there is one caveat: A parent/guardian must have an existing Fidelity account.

fidelity youth

How To Open A Youth Account

Provide Documentation:

The parent with the existing Fidelity account can work with their teen to answer a few simple questions, provide an image of their Social Security card, plus one additional form of ID.

Download The App:

Once the teen's application and documentation have been reviewed and verified by Fidelity, the teen will receive a notification with instructions to activate their account and download the Fidelity Mobile App to log in.

Fund The New Account

The account can quickly and easily be funded through mobile check deposit, bank transfer, Fidelity’s payment app, and more.

Are There Minimum Or Maximum Balances?

There is no minimum balance requirement. However, Fidelity experts suggest that deposits be limited to no more than $30,000 per calendar year. Fidelity will monitor account deposits and reserve the right to restrict additional deposits and trading capabilities if annual activity exceeds this limit.

What Can Teens Buy And Sell?

The Youth Account allows the teen to buy and sell only certain securities that are publicly traded in the United States.

This includes:

  • Most exchange-listed National Market System (NMS) securities. These include shares issued by large and small public companies listed on an exchange for purchase by the public. The teen can also purchase a fraction of a share of most NMS securities.
  • Shares of Fidelity mutual funds, including Fidelity ZERO expense ratio index mutual funds, Fidelity municipal bond funds, and Fidelity money market mutual funds (including the money market fund used as the account's core position).

fidelity youth parent oversight

How Can Teens Manage Their Debit Card Online?

Teens can manage their debit card online. The service 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. However, these must be set up in the Alert Center on

What Is The Parent’s Responsibility?

A parent/guardian is expected to provide supervision and oversight for their teen's actions. In any instances of expected fraudulent activity on the account, the parent/guardian will be the main point of contact.

The parent or guardian must also:

  • Initiate and approve the opening of the account
  • Retain the ability to close the account and/or cancel the debit card at any time
  • Be an interested party and have "inquiry access," allowing for review of debit card statements and trade confirmations
  • Be designated the "trusted contact" and serve as a point of contact for Fidelity

What Happens When The Teen Turns 18?

Once the teen reaches the age of maturity (currently 18 in most states), the account is eligible to transition to a standard brokerage account. The teen will be prompted to transition their account starting on their 18th birthday. This can be done to transfer assets to a different account or generate a new account number and login credentials.

The teen, as the account owner, will need to agree to a new set of Fidelity documents, including a new account agreement. Once the teen's account transitions, they will also be upgraded to a new brokerage debit card, which will be reflected on the debit card page.

Youth Learning Center

There is also a dedicated Youth Learning Center with materials developed specifically to help teens develop good financial habits, such as sticking to a budget and paying with cash rather than buying on credit.

fidelity youth how it works

About Fidelity

In its history of nearly 75 years in the investment and financial advice arena, Fidelity continues to dominate the market, rolling out new services continuously. It also has an impressive number of team members to serve investors. Fidelity employs more than 40,000 associates who are focused on the long-term success of people like you.

Fidelity has earned some of the industry’s highest accolades.  Fidelity was just rated Best Online Broker in 2020 by Barron's and Investor's Business Daily. It was also named #1 for Order Execution and #1 for Research by in 2020. Keep in mind, this is an extremely competitive field, so taking home these awards is no small feat!

Fidelity has a long list of positive attributes, including:

  • Enormous range of investment choices
  • No account fees, no minimums to open a retail brokerage account
  • $0 commissions for online US stock, ETF, and option trades
  • Fractional Share trading with access to more than 7,000 US Stocks and ETFs
  • Most services available the Fidelity Mobile App
  • Reputation for excellent customer support
  • Online tools and calculators help you understand your spending habits, create a budget and eliminate debt


Fidelity’s brand new program gives teens aged 13 to 17 a way to learn how to spend, save, and invest all in a single account. The new Youth Accounts have no subscription fees, no account fees, no minimum balances, and no domestic ATM fees.

What’s truly ground-breaking here is that the teen is the owner of and has control over the account. They are the sole decision-maker, not the teen's parent or guardian. This gives the teenagers a way to ease into investing, and that’s a positive move.

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Article written by Cari Scribner
Cari Scribner is a career journalist with 20 year’s experience writing for newspapers and magazines. Now a freelance writer, she is also a published fiction writer with more than 15 short stories in literary mags. She recently completed a novel that is on the desk for consideration at two publishing houses. She lives with her two small dogs, Miloh and Lucy, in Upstate NY.

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