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. How are custodial accounts taxed?
Tax rules for custodial accounts can be complex. Whether there will be taxes owed on a Custodial Account depends on your unique tax situation. You should consult a tax professional (like an accountant) for answers to specific questions about your specific tax needs.…
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 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. How Can I Close a Custodial Account?
In order to close a custodial account, please contact customer support at firstname.lastname@example.org.…
Q. What is the age of majority?
The age of majority is when a person legally becomes an adult. This can vary by state, but is usually either 18 or 21. This is the age when funds in a custodial account¹ can be turned over to the minor.…
Q. What are my Stash investment portfolio choices?
Investing can feel overwhelming if you don’t know where to start. It’s why Stash makes things simple with its four investment portfolio options: Investing simplified: Personal Portfolio: Stash’s Personal Portfolio is intended to combine a high degree of flexibility on your part,…
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