• Q. What is a custodial account?

  What is a Custodial account? A Custodial account allows a parent, guardian, or other family members/friends to open an investing account for a minor. The adult (or custodian) who opens the account manages the investments until the minor reaches the age of majority.…

• Q. Can I open a Stash Invest account for my child?

  Absolutely! You can open a Custodial account¹ for any minor. You invest on behalf of a child in your life, and they can take over when they’re old enough. You can learn more about the process here. You can also name a beneficiary for your regular Invest account using this form.…

• Q. Can I link a custodial portfolio to a different external bank account than my Stash investment and retirement portfolios?

  At this time, you can only link one external bank account to Stash. The external bank account you use for custodial portfolios will need to be the same as the one you use for your Invest and Retire portfolios. If you’d like to learn more about changing your linked external bank account,…

• 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. Withdrawing from your Custodial Portfolio

  As the custodian, you can withdraw money from a custodial account if you need to use it to pay for something that will benefit the minor. You can’t take the money back yourself, or give it to someone else. Some examples of eligible expenses include college or high school tuition,…

• 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. …

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• 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. What are my options for investing the money in my custodial account?

  You can invest in the same stocks and ETFs in your custodial account as you can in your Invest account. Once you transfer money into your custodial account, you are free to invest the money in the custodial account however you’d like.…

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• Q. What type of custodial account does Stash offer?

  Stash offers Custodial Accounts that are called UTMAs (Uniform Transfer to Minors Act) and UGMAs (Uniform Gift to Minors Act) as allowed by state law. How is the account type determined? The account type (UTMA or UGMA) is decided by which state the person opening the account (AKA the Custodian) resides in.…

• 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. 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. Is there a limit to how much I can transfer from my external account to my Stash Invest accounts?

  The current one-time transfer limit from an external bank account to Stash Personal Portfolio/Custodian/Smart Portfolio is $10,000 and from an external bank account to Stash Retire is $6,000.…

• 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.…

• Q. How many custodial accounts can a minor have?

  With Stash, Custodial accounts are only available on the Stash+ plan, which includes two Custodial accounts. However, multiple adults can open Custodial accounts for the same minor.  For more information on Custodial accounts, check out this article on Stash Learn. …

• Q. How Can I Close a Custodial Account?

  In order to close a Custodial account, please contact Customer Support at 800-205-5164 from 8:00 a.m.-8:00 p.m. ET Monday-Friday, and from 10:00 a.m.-6:30 p.m. ET Saturday and Sunday, or email us at support@stash.com.   …

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• 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. Do I have to pay taxes on my Stash Custodial Account investments?

  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.…

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• Q. Can Custodial accounts be garnished?

  In most cases, yes. Very few exemptions to wage garnishment exist, although laws can vary from state to state. Please refer to your own state’s law on this (or consult a legal professional). What does ‘garnishment’ mean? Garnishment is a way for creditors to take money from a person’s wages or bank account as a way of repaying debts owed to them.…

• 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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