How do I link an investment account to a Fidelity Youth account?
Summary of User’s Inquiry and Solutions:
- Main Problem: The user is inquiring about how to link a Youth Account for funding purposes.
- Solution 1: Parents can fund the Youth Account through check deposits, eligible payment apps, or transfers from linked Fidelity accounts.
- Solution 2: Ensure the Youth Account is properly set up and linked; the teen must agree to the terms via a text message to activate the link.
- Solution 3: The link between accounts becomes active 24 to 48 hours after the teen agrees to the terms, allowing the Youth Account to appear in transfer options.
- Additional Resources: Users can refer to the provided links for detailed FAQs and steps regarding Youth Account funding.
Here’s the full thread
Is it possible to link it? if so, how?
Thank you for reaching out. I’ll be happy to share information.
There are a few methods that a parent may utilize to fund a Youth Account, including check deposit, fund transfers using eligible payment apps, and transfers from eligible Fidelity accounts they own. Specifically for transfers from other Fidelity accounts, they can transfer funds from a Fidelity Brokerage or Cash Management Account (CMA) once the account(s) have been linked to the Youth Account.
If a parent is not showing the Youth Account as an available transfer selection from their Fidelity Brokerage or CMA, they may not have the accounts linked or the Youth Account setup may not be complete. As a bit of background, once the Youth Account is opened, a text message is sent to the teen requesting their agreement to the terms of the Youth Account on the Fidelity mobile app. Fidelity sends an email with steps to register the account and download the mobile app within one to three business days after the teen agrees to the terms. The parent/guardian funding link to the Youth Account from their Fidelity Account is not live until this step is done.
A link to initiate a connection between the two accounts becomes active 24 to 48 hours after agreeing to the terms. Once the link is active, the parent/guardian will see the Youth Account as a destination in their “Transfer to” choices on Fidelity.com and in the mobile app.
Linking Youth Account (login required): https://digital.fidelity.com/ftgw/digital/transfer-link
You can also review the Youth Account FAQs below. There is a section titled “Account funding” that may provide you with some additional information and answers.
Fidelity Youth Account FAQs: https://www.fidelity.com/go/youth-account/faqs
Please let us know if you have additional questions. We’ll be happy to help. 🟢