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Q. When can you withdraw money from a custodial account?
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,…
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Q. Will I get in trouble if I take my money out early?
Retirement accounts can have penalties and/or taxes if you withdrawal prior to the age of 59 ½. If you have any questions, please reach out to a tax advisor to review your specific circumstances. Keep it in, let it grow!…
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Q. How much can I withdraw from my Stash banking account?
The maximum you can withdraw from your Stash banking account1 at an ATM or Teller is $1,000 every 24 hours. The daily spend limit is $10,000 per day. Fees may apply. Daily withdrawal and cash limits apply. Please see your Deposit Account Agreement for limits. …
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Q. Can I withdraw money from my Stash Custodial account whenever I want?
A custodial account allows you to make a financial gift to a minor—with “gift” being the keyword here. When you deposit money into a custodial account, it immediately becomes the minor’s property. Custodial accounts, also known as UGMA or UTMA accounts,…
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Q. How long does a withdrawal take from a Smart portfolio?
When you request a withdrawal from your Smart portfolio, we’ll take over. First, we sell off the required amount of holdings to match your withdrawal request. Investment sales are required to satisfy your withdrawal request and may take up to two business days to complete and settle.…
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Q. How much can I withdraw from my smart portfolio?
You can request a withdrawal from your smart portfolio for up to the total value of your Smart portfolio — minus any pending withdrawals. For example, if your Smart portfolio is worth $1,000, you can request a withdrawal for the full balance of $1,000 or any number up to $900.…
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