Q. What is the minimum deposit to open a custodial account?
If you’ve got a dollar, you can open a custodial account. The minimum deposit to open an account is only $1. Want to learn more about investing in your custodial account? We’ve got you covered. If you’d like to learn more about custodial accounts,…
Q. What if I need more custodial accounts than what is included in the Stash+ subscription?
With Stash+, you automatically get access to two Custodial accounts. At this time, you are unable to add more than two Custodial accounts. Still have questions about custodial accounts? We’ve got you covered. …
Q. Who can contribute money to a custodial account?
Each Custodial Account has a single custodian — the person who opened the account on behalf of the minor. The custodian can contribute to the account at any time. Custodians can also share a link that allows other people to give a gift directly to a beneficiary’s custodial account.…
Q. Are Custodial accounts protected from creditors?
In the event of a bank failure or takeover, custodial accounts are FDIC insured. This means that if anything happens to Stash, our custodian Apex, or the wider banking system, your custodial account is safe from creditors. A custodial account is a kind of irrevocable trust.…
Q. What happens when the beneficiary reaches age of majority?
The age of majority generally varies between 18 and 21 years of age and is determined by the state law of the custodian’s state of residence. Once a child reaches the age of majority, the funds are directly available to them to use at their own discretion.…
Q. What are the investment options for a custodial account?
Your investment options for a custodial account are going to match your risk profile. That means that you’ll see the same investment options on your Custodial account as your Invest account.…
Q. Who is eligible for a custodial account?
Any minor under the age of majority (18 or 21 depending on the state) can be a beneficiary of a Stash Custodial Account. Minors who hold a green card or visa and are not U.S. citizens can receive money from a Custodial Account.…
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