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 the suggested solutions from the conversation: Main Problem: The user is trying to create a youth Fidelity account for individuals under 18, but they do not have a Social Security Number (SSN) or Social Security card, which is a requirement. Suggested Solution: The Fidelity representative recommends contacting…
Summary of User Issue and Solutions: The main problem reported by the user was confusion over why their settled cash was larger than the amount available to trade after receiving a direct deposit for the first time. Fidelity explained that the discrepancy could be due to funds being committed to open orders, affecting the cash…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: Harrison reported that the option to buy into a Fidelity youth fund was unavailable. Initial Solution: FidelityShawn informed Harrison that Fidelity Youth Baskets had recently launched in the Fidelity Youth App and should be available when the market opens. Follow-up:…
Here’s a summary of the main issue and the solutions discussed: Main Problem: The user is experiencing an error when trying to place an order, prompting them to contact customer support. Potential Solution: Check the Message Center on Fidelity.com for any messages regarding account restrictions. Contact Options: If no information is found, the user can…
Summary of the User’s Problem and Solutions Discussed: The main problem reported by Carlito is that he is unable to purchase the QYLD ETF due to restrictions on his youth account, which does not allow for certain high-risk investments. Fidelity responded that the youth account is ineligible for leveraged and inverse ETFs and other securities…
Summary of User’s Issue and Solutions: Main Problem: The user, Spongy, is unable to sell shares of GoPro due to an error stating their account is not eligible for the order type, despite having multiple lots of the shares. Suggested Solution: Fidelity representative, James, recommends that the user contact customer service to review their account…
Here’s a summary of the main issue and solutions discussed in the conversation: Main Problem: The user, AverageBusinessMan, reported that after completing quizzes on the Fidelity learning center, they were promised rewards but did not receive any. Solution Provided: Fidelity representatives clarified that there are currently no rewards for the quizzes, but rewards may be…
Summary of User’s Issues and Solutions: Main Problem: The user needs to open a youth account for their teen, but the teen does not have a Social Security Number (SSN) or social security card. Solution Provided: The user is advised to contact Fidelity’s 24/7 service team by calling (800) 343-3548 for assistance with the account…
Here’s a summary of the main problem reported by the user and the solutions discussed: Main Problem: Carlito wants to know if dividends from FidFolio baskets are reinvested back into the basket or into the stock that generates the dividend. Solution: Fidelity representatives clarified that currently, dividends received from securities are sent to the core…
Summary: The user inquired whether the Fidelity Youth Account is FDIC and SIPC insured. Fidelity confirmed that the Youth Account is covered by SIPC. Fidelity provided links for more information on safeguarding accounts and details about the Youth Account. Here’s the full thread J 07/14/2023 at 06:57:10 PDT Are youth account fdic and SIPC insured?…
Summary: The user is concerned about whether they can use their mother’s Fidelity account without it affecting her taxes or linking the accounts. Fidelity clarified that the user should not use their mother’s login credentials and cannot trade using her accounts. To manage their own investments, the user needs to open a separate account, as…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user, AverageBusinessMan, inquired whether margin trading is permitted for youth accounts. Solution: Fidelity confirmed that margin trading is not allowed for youth accounts. Additional Information: Youth accounts permit trading of certain publicly traded securities, excluding margin, penny stocks, leveraged or inverse…
Summary of User’s Problem and Solutions Discussed: The main problem reported by the user, flippy, is that they have not received the $50 cash offer after creating a Fidelity Youth Account, despite being told it would be deposited within 10 days. A representative from Fidelity clarified that the $50 award would be deposited within 10…
Summary: The user is unsure if they need to create another account with Fidelity to open an IRA since they currently have a Youth account meant for investing. As the user is under 18, they cannot open a regular IRA themselves. The user’s parents can open a Roth IRA for Kids to manage on their…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user wants to start teaching their 9-year-old son about savings and earnings and is inquiring about opening a youth account. Solution: The Fidelity Youth account is available for teens aged 13-17, so the user can prepare to open one…
Summary: The main problem reported by the user is that their Fidelity Youth account shows an alert regarding their debit card status, preventing them from viewing spending activity, whereas their sibling’s account does not have this issue. A suggested solution is to contact Fidelity associates to review the account and resolve the issue, as they…
Summary: The user is experiencing a low annual percentage yield (APY) with their local bank and is considering using SPAXX for better cash management. Fidelity offers two account types, the Cash Management Account (CMA) and the Brokerage Account, both of which provide debit card access and have no maintenance fees or minimums. SPAXX can be…
Summary of User Issue and Solutions: Main Problem: The user, Richie, did not receive the $50 bonus for opening a Fidelity Youth Account, despite activating the account and waiting longer than 10 days. Solution Steps Provided: Richie was informed that the bonus would be deposited after account activation and that he should contact Fidelity if…
Summary of Main Problem and Solutions: The user, etisagoat21, is seeking help but does not specify the issue. FidelityMarian offers assistance and inquires about the user’s questions regarding the Fidelity Youth account. Here’s the full thread etisagoat21 11/11/2023 at 16:57:27 PST I need help FidelityMarian 11/13/2023 at 07:30:42 PST We are here for you, @etisagoat21!…
Main Problem: The user, El Mencho, is inquiring about the minimum stock price for trading in a Fidelity minor account, specifically noting that penny stocks are not allowed. Solution 1: Fidelity representatives clarified that users can purchase US stocks and ETFs for as little as $1 through fractional shares. Solution 2: Fidelity defined penny stocks…