• Q. 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. That age is usually 18 or 21,…

• 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?

  Looking to set the kids in your life up for a better future? The Stash+ plan includes two Custodial portfolios that allow you to save and invest for them. Learn more about Custodial portfolios here.   Note: The Stash Growth plan does not include any Custodial portfolios. …

• Q. Do funds in the custodial account affect eligibility for financial aid of the beneficiary?

  Yes. A Custodial account may impact an application for college financial aid. If the student owns the account, it counts toward their own net worth. If their legal parent(s) own the account, it counts toward the net worth of the parent(s). …

• Q. Are Custodial accounts protected from creditors and garnishment?

  Custodial accounts may be subject to garnishment from creditors looking to collect a debt owed. For creditors looking to collect on a debt owed by the custodian of the account, the Custodial account does not offer any special protection. As long as the account is under your name,…

• 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. 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.   …

• 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.…

• Q. What are my Stash investment portfolio choices?

  Investing can feel overwhelming if you don’t know where to start. Stash makes things simple with our four investment portfolio options. As each portfolio type serves a different purpose, you may invest in any or all of these. What’s important is that you have options to get to the next level of your investment goals. …

• Q. Age of majority

  The age of majority is when a minor becomes an adult. The age varies by state, but is usually either 18 or 21. After a minor reaches the age of majority, the funds in their custodial account¹ are theirs to use at their own discretion.…

• Q. 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;…

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