Discover resources for managing Fidelity youth accounts, including setup, account controls, and guidance on financial education for young users.
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user, tonty, encountered issues with their verification info not syncing while trying to create a basic brokerage account. Solution: Tonty found that the account creation process worked successfully using the app instead of the website. Here’s the full thread…
Here’s a summary of the main problem and solutions discussed: Main Problem: The user is seeking guidance on how to submit documents, specifically a photo ID, for a youth account using a mobile device. Solution: If using the Fidelity Youth app, the user should look for a banner on the Home page to upload documents….
Summary of User Issue and Solutions: The main problem reported by the user is an error message stating, “Enrollment for biometric authentication is currently not working,” which persists despite uninstalling the app and trying to enable the settings. A suggested solution is to contact the Technical Support team for troubleshooting assistance. Technical support is available…
Summary: The main problem reported by the user is uncertainty about whether there are fees for withdrawing money from a core position in a Fidelity account, and concerns about the difficulty of accessing funds compared to a regular bank account. Fidelity confirmed that there are no fees for transferring funds to or from the account….
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: Richie is unable to order a debit card online due to a restriction on his Fidelity youth account and is unsure if he or his mom needs to handle the request. Solution 1: A Fidelity debit card is automatically created…
Summary of the user’s inquiry regarding credit scores and youth accounts: Main Problem: The user is concerned about whether using a Fidelity Youth Account impacts their credit score. Solution: Debit cards associated with the Fidelity Youth Account do not affect credit history or credit scores, as they are not credit cards. This clarifies that the…
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…
Summary of the conversation: Main Problem: The user, Kezen Mox, is unable to find the “Learn” feature in the Fidelity Youth App despite having the app ready. Solution 1: The feature is only available to minor account holders; the user should ensure they are using the app for minors. Solution 2: Troubleshoot by uninstalling and…
Summary of User’s Issue and Solutions Provided: The main problem is that Rani’s parents are unable to find instructions on how to transfer money to her Fidelity Youth Account. Parents can transfer money by logging into Fidelity.com, selecting “Accounts & Trade,” and then “Transfer.” Rani can request money through the Fidelity Youth app by selecting…
Summary of User Issue and Solutions: The main problem reported by the user, NightMare, is the absence of the referral option on their Fidelity youth account, limiting them to only two earning options (gift card and learn to earn). Fidelity representative, Emilio, explained that the referral feature has been temporarily removed as they work on…
Summary of User’s Issue and Solutions: The main problem reported was that the user wanted to set up recurring transfers from their savings account to Fidelity but could only configure transfers from their checking account. The user initially linked their bank account but was uncertain if transferring from savings was possible due to identical routing…
Main Problem: The user is unsure if their 529 college savings plan is insured and has concerns about funding it correctly as a non-owner. Solutions Discussed: Fidelity confirmed that units of the Fidelity 529 college savings plans are protected by the Securities Investor Protection Corporation (SIPC). The user can fund the 529 plan through mailed…
Summary of User Concerns and Solutions: Main Problem: The user, Jgamer2iscool, is experiencing a delay in receiving their debit card, which has been pending for over two weeks and is causing inconvenience. Solution Provided: FidelityCaitlin suggests checking the “Manage Debit Cards” page on Fidelity.com to track the shipment status and offers the option to submit…
Summary of User’s Issue and Solutions Discussed: The main problem reported by Bren is that they have not received the $50 bonus promotion for their youth account even after 17 days of opening it. Fidelity responded by asking Bren to reach out through Modmail on their subreddit for further assistance. Alternatively, if Bren does not…
Main Problem: The user is confused about whether extended hours trading is available for minor accounts and is unclear about receiving a warning regarding a Good Faith Violation when placing trades. Solution for Extended Hours Trading: Fidelity confirmed that extended hours trading is not available for Fidelity Youth accounts. Explanation of Good Faith Violation: The…
Summary of User Inquiry and Response: The user, wallstready, inquired whether Fidelity provides ATM fee refunds for the gold card linked to their brokerage account. Fidelity’s response clarified that ATM fee reimbursement is generally available for the Fidelity Cash Management Account (CMA) but is limited for the gold card linked to a brokerage account. ATM…
Summary: The main problem reported by the user is the misleading “available to invest” value, which can lead to confusion and warnings when trying to invest with unsettled funds. Fidelity explains that it generally takes 2-6 business days for deposited funds to fully collect in the account, and that stocks and ETFs take two business…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user is unsure whether to select “checking account” or “savings account” when linking their Fidelity Youth Account to PayPal. Solution: It is recommended to select “checking” as the account type when linking the Fidelity Youth Account to PayPal. Additional Note: Users…
Summary of User Inquiry and Solutions: The user is seeking information on the capital gains threshold required to file a tax return for a youth account. Fidelity suggests consulting with a tax professional to get accurate guidance, as the required amount can vary. Any capital gains will be reported on a 1099 form, which can…
Here’s a summary of the user’s issue and the solutions discussed: Main Problem: The user wants to know if they can deposit cash into a youth account at an ATM. Solution: Fidelity cannot accept cash deposits at ATMs or branches. Alternative Solutions: Fidelity offers various other deposit methods for funding accounts, which can be reviewed…