Fidelity Youth®

Fidelity Youth® is an app designed specifically for teenagers to help them learn how to make, manage, and invest their own money. It offers various features and tools to assist teens in becoming financially independent and responsible individuals. The app is free to download and has no subscription fees, account fees, or minimum balance requirements, making it accessible to all teens.

The "Make" feature of Fidelity Youth® allows teens to request and receive money from their parents or guardians. They can also set up direct deposits to easily receive their paychecks and exchange unwanted gift cards for cash that they can save or invest. This feature helps teens get started in making their own money and teaches them the value of earning and managing their finances.

The "Manage" feature of Fidelity Youth® helps teens learn how to save and manage their money effectively. They can organize their money into customizable buckets and set rules to save automatically. This feature also provides teens with their own debit card, giving them a sense of financial independence and responsibility.

The "Invest" feature of Fidelity Youth® encourages teens to start investing early and put their money to work. The app's learning center provides tools and tips to educate teens about investing, and they can start investing with as little as $1. This feature also offers the only investment account that teens can own themselves, giving them a sense of ownership and control over their finances.

For parents or guardians, Fidelity Youth® offers features to help them guide and support their teen's financial learning. They can track their teen's saving and spending habits, send money between accounts, and set up recurring allowance payments. They can also view their teen's account activity and close their debit card or account at any time. The app also provides 24/7 support and a customer protection guarantee for added peace of mind.

In summary, Fidelity Youth® is a valuable tool for teenagers to learn about financial management and investing. It offers a user-friendly interface and various features to assist teens in becoming financially responsible individuals. With the support and guidance of their parents or guardians, teens can use this app to develop a sense of financial independence and make smart decisions with their money.