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, jce, inquired whether the money in their Fidelity core accounts is FDIC insured. The user received confirmation from another participant that funds are indeed FDIC insured. A Fidelity representative explained that Fidelity offers an FDIC Insured Deposit Sweep…
Summary of User’s Issue and Solutions: The main problem reported by the user is confusion about why the funds from selling stocks went to “available to invest” instead of cash balance. The solution provided explains that funds from sold securities are not immediately available for withdrawal; they need to settle first, which takes two business…
Here’s a summary of the main issue and solutions discussed: Main Problem: Ethan is unable to trade penny stocks with his newly set up Fidelity Youth account. Solution Provided: Fidelity confirms that Youth accounts currently have restrictions on trading penny stocks. Feedback to Developers: Fidelity will pass along Ethan’s feedback for consideration by their developers….
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user is seeking ways for their teen to transfer money out of their account. Solution 1: The teen can transfer funds between their Fidelity Youth account and a linked bank account. Solution 2: They can use a linked debit…
Here’s a summary of the main problem and discussed solutions from the post: Main Problem: Ian A. did not receive the $18 reward for completing the “learn to earn” program in his youth account, despite setting it up a month ago. Suggested Solution: FidelityShawn advised Ian to contact client services for assistance, as the reward…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user, Benji63, is whether they need to file taxes after making less than $100 in 2023, while being a dependent. Fidelity representatives suggested consulting a tax professional for personalized advice regarding tax obligations. They noted that taxes are applicable if securities are…
Main Problem: Users are concerned about potential fees or price differences when purchasing U.S. Treasuries through Fidelity versus the Treasury Direct website. Solutions Discussed: No fees or commissions are charged when purchasing U.S. Treasuries online at Fidelity, including auction and secondary issues, unless a representative places the trade, which incurs a $19.95 commission. A $1…
Summary of User Inquiry and Solutions: Main Problem: The user, Lyr1ca, inquired about how to obtain their physical debit card for a Fidelity Youth account and whether it would be mailed automatically. Solution: Fidelity confirmed that a debit card is automatically created and mailed after the user accepts the final Youth Account agreement. Timeline: The…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user, Lyr1ca, is experiencing issues with their Fidelity Youth account not syncing cash back and “learn to earn” features when added to Quicken. Suggested Solution: Fidelity representative Shawn recommends that Lyr1ca contact their technical support group for assistance with…
Main Problem: The user, Panda, is experiencing repeated failures when trying to access their Youth Account, encountering an error message stating “something went wrong” on both the website and the mobile app. Recommended Solutions: Try completing the sign-up process on the mobile app if the website is not working. If the issue persists, contact a…
Summary of User’s Problem and Solutions Discussed: The main problem reported is that funds deposited via check are not transferring to the user’s cash balance; they remain in the “available to invest” status for an extended period. One reason for the delay is that checks usually have a collection period to ensure they clear, which…
Summary of User Inquiry and Solutions: The user, JohnnyMcJohnFace, is inquiring about the average time it takes for mobile check deposits to settle and become available for withdrawal in a Fidelity Youth Account. Noah Werden suggests that check deposits typically take between 2-7 days to settle after the funds appear in the account. FidelityShawn confirms…
Summary of User’s Issue and Solutions Discussed: Main Problem: The user opened a Youth Account but did not receive the $50 cash promotion that was expected. Solution Offered: Fidelity confirmed that the promotion expired on January 31, 2024, and asked for the account opening date to verify eligibility. Additional Information: Fidelity mentioned that there are…
Main Problem: The user is unable to deposit paper money into their Fidelity Youth account, with multiple attempts at ATMs resulting in transaction denials. Solutions Discussed: Physical cash cannot be deposited directly into brokerage accounts at Fidelity ATMs or branches. Parents or guardians can transfer funds from their Fidelity accounts to the teen’s account. Deposits…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is that their cash balance shows as 0 despite the recent deposit no longer being pending. It was suggested that funds take time to appear in the cash balance and that the user should check if their account value is the…
Summary of User’s Issue and Solutions Discussed: The user is trying to link their Shopify account to their Fidelity Youth account but is unsure which bank to choose and where to find their user ID. To link an eligible external bank, the user must log in with their bank’s username and password or manually enter…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user, TheMaskedBagel, is unable to progress to level 2 in the Learn and Earn program despite completing all lessons and quizzes, as they cannot “close the circle.” Solution 1: Noah Werden suggests that the user must answer all questions…
Summary of User’s Issue and Solutions: The main problem reported is that a user is facing restrictions on day trading within youth accounts. Fidelity suggested that the user send a Modmail through their subreddit for further assistance and follow-up. If the user does not have a Reddit account, they can reach out via private message…
Summary of User’s Issue and Solutions Discussed: Main Problem: The user is unable to enter the full deposit amount when trying to link a new bank account on their youth account, as it only allows them to type two numbers. Solution Steps Provided: Fidelity suggested following specific steps on their website to link a bank…
Summary: The main problem reported by the user, Gentleman, is difficulty in locating the referral code for the Fidelity Youth Account to earn a $10 bonus for referring a friend. One suggested solution is to check the bonus section of the app, specifically where debit card cash back and rewards are displayed. Another user mentioned…