Opening a Custodial Account
Looking to invest in the future of the child or children in your life? Stash offers a type of investment account geared specifically towards children under age 18. This is called a Custodial account. Any minor under age 18 or 21 (depending on your state; more information here) is eligible for a Custodial account.
Minors who hold a green card or visa and are not U.S. citizens can receive money from a Custodial Account.
The Stash+ plan includes two Custodial accounts; however, minors can have more than two Custodial portfolios opened in their name. Multiple adults can contribute to the same Custodial account as well. You do not have to be related to the minor to open a Custodial account for them.
You can open a Custodial portfolio for a minor if you:
- Are 18 years of age or older
- Have an open Personal Brokerage account
- Make a minimum deposit of $1 to the Custodial account
“Kids Portfolio” is a custodial UGMA / UTMA account. Money in a custodial account is the property of the minor. This type of account is a Non-Discretionary Managed account.
Related questions View all Custodial
-
Q. Managing Your Stock-Back® Debit Card
Stash makes managing your Stock-Back® Debit Mastercard® easy. You can order a new card, activate your card, How can I order a new card? You can easily order a replacement Stock-Back® Card1 24/7 right from your Stash account.…
-
Q. Securities Lending
Securities lending is a kind of investment activity that allows whole-share owners of securities to earn extra income by loaning out their shares. Partial share owners are not eligible for securities lending. The owner of the whole-share (the lender) loans their securities to a financial institution,…
-
Q. Linking your External Bank Account with Micro-deposits
Looking for an easy way to transfer money on and off of Stash? Link your external bank account to your Stash account! There are two ways to link your external bank account to Stash: Login to your external bank account from the Stash website [learn more here] Request micro-deposits into your external bank account [keep reading below for more info] Micro-deposits are two small amounts (usually less than $0.50) that Stash deposits into your external bank account.…
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.
Ask your question
