Copper vs. Axos First Checking [Which Teen Debit Card Is Best?]

It’s important to give your children hands-on money management experience, but you want to take baby steps. Rather than going from 0 to 100, consider giving them some financial freedom with parental safeguards in place. A great way to ease children into financial responsibility is to give them a debit card designed specifically for kids.

But which kids’ debit card is the best? Does Copper or Axos First Checking offer more to its users? And is there an even better option?

You’re in luck. I’ve researched all of the top kids’ debit cards, including Copper and Axos First Checking.

Today, I’m going to detail all the ins and outs of Copper and Axos First Checking to help you make your choice. For each card, I’ll provide an overview, breakdown of costs, and list of noteworthy features. If you’re not completely convinced either card is the best choice, you can keep reading to learn about other competitive kids’ debit cards.

Copper vs. Axos First Checking Comparison

---

Copper Overview

---

• Available: Sign up here

Copper Banking is a fintech app with a prepaid debit card that provides digital banking for minors. While Copper Bank is entirely online, customer deposits are FDIC-insured through their banking partner, Evolve Bank & Trust.

Copper was founded on the belief that kids and teens should have equal access to financial education and should be empowered to learn by doing. Now, the company is on a mission to help children gain real-world experience by giving them access to their money in a way that traditional banks can’t.

The Copper app and debit card teaches your child how to make smart financial decisions by creating a platform where parents and their kids can connect. With the Copper app, you get easy snapshots of your accounts. And with the Copper Debit Card, it’s easy to shop in-store or online, including with Apple Pay or Google Pay.

Plus, users get exclusive access to engaging advice curated by a team of financial literacy experts who provide tips on how to take control of their financial future.

Copper is available to kids age 6 and older. A parent can add up to five kids (and thus five Copper Cards) with each subscription.

Related: 25 Best Jobs for 15-Year-Olds [In-Person + Online]

Copper Plans + Costs

---

Copper has two plans to choose between:

In addition to a monthly fee, other fees may apply. For instance, you will incur a $4.95 fee any time you load cash onto the card via the Green Dot network of retailers. You will also incur a fee for instant debit transfers; the fee is 2.5% of the total amount + 30¢ per transaction.

Related: 7 Best Investments for Kids [Investing for Children]

Copper Features

---

Copper Card

The Copper Card is a Mastercard-branded debit card that can be used for shopping at physical stores or online, as well as for withdrawing cash at more than 55,000 fee-free ATMs. This means your kid can spend virtually anywhere—Mastercard is accepted in more than 210 countries worldwide—with the exception of any vendors flagged for “inappropriate content.”

Parents can put money onto their kids’ Copper Cards for free from their Copper wallet. Parents have two ways of funding their Copper wallet:

• Bank transfer: Transfers from a linked bank account are free and take three to five business days to clear.
• Debit card transfer: These transfers cost 2.5% of the total amount +30¢ per transaction and the money instantly hits accounts.

You can manually initiate transfers or set up Auto-Reload to add money any time funds fall below a predetermined threshold.

Kids with Copper accounts can also send money to each other. So if a sibling borrows money, it’s easy to pay it back.

Cardholders benefit from Mastercard Zero Liability Protection. This means you and your child aren’t held responsible for any unauthorized transactions as long as you used reasonable care to protect the card from loss or theft and promptly reported any fraudulent charges to Copper.

Savings

Copper accounts also have a savings area. Kids can create savings goals and put money away toward those goals. Copper will help that money grow faster by paying interest in any money saved. The annual percentage yield (APY) varies by plan: Copper users get a 2% APY on savings, while Copper + Invest users get 5%.

Parental Controls + Card Limits

Copper has adequate parental controls. Parents get real-time alerts on children’s transactions, so they’re always up-to-date on kids’ spending habits. The adults also have the option to freeze the card at any time to stop spending.

Copper has its own card limits in place as well, including the following restrictions:

• Daily deposit limit (debit card or ACH): $500
• Monthly deposit limit (debit card or ACH) $2,000
• Daily spending/transfer limit: $2,000

You can, of course, instruct your child that you have stricter limits, if you so choose. But no matter what, your kid won’t be able to exceed these limits, even if there’s an emergency.

Copper also has a “merchant shield” so your kids can’t make purchases with any vendors flagged for inappropriate content.

Investing (Copper + Invest Only)

With Copper + Invest ($7.95 per month), your child also gets access to an easy starter investment platform that uses automatically curated smart portfolios built with their preferences in mind. While I personally prefer self-directed investing (you pick whatever stocks and funds you’d like), smart portfolios allow people with little investing knowledge to start putting their money to work in an effective way. Thus, they’re perfect for children.

Your child is given a questionnaire that helps Copper determine a portfolio based on their age, income, net worth, investment objective(s), and investment horizon. Copper then recommends one of three ETF portfolios—Moderately Aggressive, Aggressive, and Extra Aggressive—made up of thousands of stocks. Parents can review the portfolio to ensure it matches with not just your child’s preferences, but your family’s. (Portfolios can be changed later by accessing the Support chat.)

Your child can begin investing for as little as $1, then add more contributions down the road. Copper will automatically rebalance the portfolio as needed to make sure it always keeps up with your child’s investment preferences.

Allowance

Parents also can pay their kids an allowance using Copper. You have the choice of an automatic allowance or one-time payments when your kids need or request them. (And if you set up an automatic allowance, but your kid hasn’t exactly been on their best behavior, you can skip payments as needed.)

Tasks + Earn

Copper also has a chores feature called Tasks. To teach your kids the concept of earning, you can set up Tasks, such as cleaning, homework, or babysitting. Once the Task is marked as complete, the child gets paid. Tasks can be set up on a one-time basis or made to repeat.

Kids can also get paid through the Earn feature. When they complete surveys, they collect “creds” that can be cashed in for real money. (Parents don’t have to foot this cost—Copper covers it!)

Related: 40+ Ways to Earn Money as a Teenager

RoundUps

Copper’s round-up feature, RoundUps, helps children and teens save money every time they make a purchase. It’s simple: Every purchase is rounded up to the nearest dollar, and the change is put toward your kid’s savings goals. (Example: If your child spends $2.50 on candy,  50¢ will be put into their savings.)

Related: Best Round Up Apps + Savings Accounts

Financial Education + Literacy Development

Copper wants kids to build the financial literacy skills they’ll need to succeed. To help them, it has hired financial literacy experts to develop their literacy development content, including:

• Liz Frazier, Copper’s Executive Director of Financial Education. Frazier is the author of the book Beyond Piggybanks and Lemonade Stands.
• Lily Lapenna, Copper’s Financial Literacy Advisor. Lapenna has been recognized by Queen Elizabeth and the World Economic Forum for her work in personal finance.

Money Moves

Learning financial skills is helpful, but the process isn’t always fun. But Copper keeps things light via its = Money Moves—short videos that are organized into the following categories:

• Debt
• Budgeting
• Investing
• Saving

Each video answers a question children are likely to wonder about, such as “How do debit cards work?” and “What is the lottery?”

Direct Deposit + Divvy

Teens with their own jobs can take advantage of the direct deposit feature. Their paychecks will be instantly deposited into their Copper accounts—and by using direct deposit, they can get paid up to two days early.

Copper also offers a feature called Divvy that allows you to automatically put aside a percentage of each paycheck toward savings and/or investing.

You can sign up for Copper here.

Related: 10 Best Savings Accounts for Kids

Axos First Checking Overview

---

• Available: Sign up here

Axos First Checking is a free joint bank account for teens and adults offered by Axos Bank—an online-only bank with a focus on technology-driven finance.

First Checking offers teens and their parents (or other adult owners of the account) a free debit card, peer-to-peer transfers, direct deposit, bill pay, extensive security features, even interest payments.

The Axos First Checking account comes with a debit card—you can choose either Visa or Mastercard—that you can use to spend in store and online, as well as to withdraw cash. While Axos Bank doesn’t have its own ATM system, Axos offers fee-free access to 91,000 ATMs nationwide, and it reimburses up to $12 in third-party ATM fees every month.

If you’re worried that your (or your teen’s) card is lost or stolen? You can lock and unlock the card from your Axos account. And the card limits cash withdrawals to $100 daily and debit transactions to $500 daily.

Axos First Checking charges zero monthly maintenance fees, overdraft fees, and non-sufficient fund fees. It’s designed for teens between ages 13 and 17 (up to 18 years old in Alabama). And once your teen reaches adulthood, it’s easy to convert to another Axos checking account, giving the newly minted adult full control.

Related: Best Debit Cards for Teens

Axos First Checking Plans + Costs

---

If you hate fees, you’ll love Axos First Checking, which charges zero monthly fees and avoids a host of other fees. First, a look at the features:

Axos charges no fees for overdrafts, non-sufficient funds, incoming wire transfers, first debit cards (and replacements), or money transfers. The account requires no minimum deposit, nor any minimum balance requirements. And not only do you get access to 91,000-plus fee-free ATMs, but Axos will reimburse you for up to $12 in domestic ATM fee charges every month—so you don’t really have to worry about third-party ATM fees, either.

Axos Bank will charge $5 for customers who prefer paper account statements, and they do have a 1% foreign currency conversion fee. Axos Bank doesn’t charge a fee for cash deposits, but retailers may charge up to $4.95.

Related: Best Prepaid Debit Cards for Kids and Teens [Reloadable]

Axos First Checking Features

---

Below are some of Axos First Checking’s most notable features. Some of these features are geared towards the teens, while others exist to keep parents sane.

Axos First Checking Debit Card

The Axos First Checking account comes with a free Visa- or Mastercard-branded debit card. (You can choose which one during the application.) The card can be used in stores and online wherever the chosen brand is accepted, including internationally.

Perhaps the most noteworthy feature of Axos’s card is its ATM access. Axos Bank allows you to withdraw cash fee-free from 91,000-plus ATMs nationwide. And if you come across an ATM outside of Axos’ network, no problem—it will reimburse up to $12 in third-party operator fees every month. Point-of-sale transactions are limited to $500 per day, while ATM withdrawals are limited to $100 daily.

Card actions such as activating, deactivating, reactivating, ordering a replacement, and sending a travel notification can all be done online.

Security features include active fraud monitoring, two-step authentication, and 128-bit Secure Socket Layer (SSL) encryption.

Parental Controls

Parental controls in Axos First Checking are fairly rudimentary. Parents can monitor their teen’s spending through account alerts received as real-time push notifications, emails, or text messages. They can also track transfers made from the account and lock/unlock the debit card from the mobile app and dashboard.

Related: Best Taxable Brokerage Accounts for Parents and Teens to Invest Together

Cash Deposits

If teens have a tip-based job or receive a lot of cash for celebrations and holidays, they might want to deposit that cash into their accounts. Fortunately, while Axos is an online-only bank, there are still ways to make cash deposits.

Members can log in to the app and use the ATM locator to find ATMs that accept cash deposits. Alternatively, through Axos’ partnership with Green Dot Network®, they can deposit cash at many popular retailers, including:

• ACE Cash Express
• CVS
• Dollar General
• Kroger
• Rite Aid
• Safeway
• Walgreens
• Walmart
• 7-Eleven

Members can instruct the cashier to add the provided cash directly to their debit cards. Usually, the amount has to be between $20 and $500, but some places allow up to $1,500. Axos Bank doesn’t charge a fee for the transaction, but retailers may charge up to $4.95.

Peer-to-Peer Transfers

Axos lets teens make peer-to-peer payments directly from their checking accounts online. Just an email or phone number is needed to send a secure payment. So whether they need to pay a friend back for cash, fast food, or a group activity, it’s quick and easy to settle up.

Earns Interest

Teens earn an interest rate of 0.10% on any money in their account—a nice bonus for doing nothing. While this is an admittedly small annual percentage yield (APY) compared to, say, a high-yield savings account or money market account, it’s still more than you’ll get on your typical checking account (which is nothing).

Direct Deposit + Mobile Deposit

Teens with jobs can easily get their paychecks directly deposited into their accounts. Axos Bank has no minimum direct deposit amount to avoid fees (which isn’t the case with every financial institution).

Do the teen’s grandparents love to write birthday checks? Not an issue. Axos allows free mobile deposits. You can use a mobile device or computer to send money from a check straight into a First Checking account any time of day.

Bill Pay

While parents should always be covering a kid’s essential expenses, it isn’t unheard of for teens to be responsible for some of their nonessential costs. For example, a teen with a job might be asked to pay for their cell phone plan.

With Axos’ free bill pay feature, parents can schedule payments from a primary account to ensure the teen doesn’t miss a cell phone payment. (Note: Only parents, not teens, can access this feature.)

Bill Pay is parent use only.

Easy Transition to Adulthood

Once a teenager reaches adulthood, the account can be converted into a different checking account, such as Essential Checking, Rewards Checking, or CashBack Checking. The parent or original adult on the account can then remove themselves as a joint account owner so the new adult is completely in control.

You can sign up for Axos First Checking here.

Related: Best Teen Checking Accounts [Banks for Teens]

Copper vs. Axos First Checking: Our Editors’ Choice Is …

---

The choice of card might be as obvious as the age of your child. Copper’s minimum age is only six, while Axos First Checking is designed for teenagers, so if your child is under age 13, the choice is fairly clear.

But even if you have a teenager, there are several reasons you may want to pick Copper over Axos First Checking. Both Copper plans offer a much higher APY than Axos First Checking and those who enable roundups can save even faster. Other Copper features missing from Axos First Checking include investing (Copper + Invest only), Divvy, allowance, chores, and cash back.

Still, for some families, Axos First Checking may work better. The most significant benefit to this account is that there are no monthly fees. It also offers free cash reloads (though retailers may charge a fee), which is useful for teens who receive a lot of cash.

If you’re willing to pay for a kids’ debit card, though, Copper’s ample features are likely worth the cost. If you’re interested in trying it out, you can sign up for Copper here.

Related: 26 Best Online Jobs for Teens [Earn Money at Home, Age 13+]

Other Debit Cards for Kids to Consider

---

If you’re still not convinced on Step or GoHenry, you might want to look at these other highly rated options:

Related: 13 Best Money Apps for Teens [Invest, Spend, Budget + Pay]

1. Fidelity Youth^™ Account (Best Free Debit Card With Teen Investing)

---

• Available: Sign up here
• Price: No account fees, no account minimum, no trading commissions*
• Platforms: Web, mobile app (Apple iOS, Android)
• Promotion: Teens get $50¹ on Fidelity^® when they download the Fidelity Youth^™ app and activate their Youth Account; parents get $100 when they fund a new account

Is your teen interested in jumpstarting their financial future? Do you want them to build smart money habits along the way?

Of course you do! Learning early about saving, spending and investing can pay off big when you start on the right foot. And one tool that can help your teen get that jump is the Fidelity Youth^™ Account—an account owned by teens 13 to 17 that’s designed to help them start their money journey. They can start investing by buying most U.S. stocks, exchange-traded funds (ETFs), and Fidelity mutual funds for as little as $1!⁴

Your teen will also get a free debit card with no subscription fees, no account fees³, no minimum balances, and no domestic ATM fees⁵. And they can use this free debit card for teens to manage their cash and spend it whenever they need.

And as for building smart money habits? You and your teen can access your account through the Fidelity Youth^™ app, which has a dedicated Learn tab packed with materials developed specifically to help teens develop good financial habits. Not only will Fidelity’s interactive lessons, videos, articles, tools, and calculators accelerate their learning—but for every level they complete, reward dollars will be deposited into their account to use however they want.

We’ll note that Fidelity Youth^™ Account isn’t a prepaid card nor a banking app, but it’s still strongly worth considering.

Controls parents want and need

A parent or guardian must have or open a brokerage account with Fidelity® to open a Fidelity Youth™ Account. For new Fidelity^® customers, opening an account is easy, and there are no minimums and no account fees.

Parents and guardians have plenty of tools they can use to monitor their teen’s activity: They have online account access, can follow monthly statements and trade confirmations, and can view debit card transactions made in the account.

To make it even easier, you can set up alerts to notify you of trades, transactions, and cash management activity, keeping you firmly in the loop on actions your teen takes across the Fidelity Youth^™ Account’s suite of products.

If your teen has an interest in learning about investing and taking their first steps toward building their financial journey, you should consider downloading the Fidelity Youth^™ app and opening a Fidelity Youth^™ Account. The account comes custom-built for their needs, which will help them become financially independent and start investing for their future.

Read more in our Fidelity Youth^™ Account review.

Related: Best Banking Apps for Kids & Teens [Teen Banking]

2. Greenlight (Best-Rated Debit Card for Teens)

---

• Available: Sign up here
• Price: Free 1-month trial. Core: $4.99/mo. Max: $9.98/mo. Infinity: $14.98/mo. (All plans include cards for up to 5 children)

The Greenlight debit card allows kids to begin spending, but provides parents with peace of mind by giving them control over where their kids can spend money. Parents also can choose to receive alerts that tell them when, and how much, money is spent on the Greenlight debit card.

Greenlight works like a prepaid debit card, allowing you to transfer money onto the card for your child to pay for expenses at approved locations. You can choose how much money to load onto the card, and your child will be cleared to make approved purchases so long as a money balance backs up the card.

If your child asks for extra money to get added to the card, you can have them take a photo of the purchase they want to make and receive your approval. This gives you control and allows you to have discussions with your child about why a purchase might be a good or bad idea. And if your child has a job, they can add their own funds to the card as well.

The Greenlight debit card is a good choice for parents looking to teach their kids the importance of saving money and making prudent financial decisions. This financial product can be an effective learning tool for helping kids to understand why saving should be a priority and how to simplify paying an allowance or tracking chores. Greenlight has no minimum age requirements for this card, but recommends starting at age 6 or older.

Greenlight boasts numerous other features, too.

For instance, parents can open an investment account for kids to get their children investing in stocks and exchange-traded funds (ETFs) for the first time.

Greenlight offers monthly savings rewards based on your tier: 1% per annum for Core members, 2% per annum for Max, and 5% per annum for Infinity. You may set up “Parent-Paid Interest” between you and your child. This allows you to foot the bill and pay interest on accounts for up to five kids.

Any Greenlight subscription also lets users qualify for the cash-back Family Cash Card. Parents can add their teenagers as authorized users to this Mastercard help them learn how credit cards function and establish a credit history. This credit card offers the following cash-back rewards:

• 3% cash back when you spend at least $4,000 in a billing cycle
• 2% cash back when you spend at least $1,000 (but less than $4,000) in a billing cycle
• 1% cash back when you spend less than $1,000 in a billing cycle

There is no limit to the cash back that can be earned, and users can also auto-invest the cash-back rewards.

Each monthly Greenlight subscription includes debit cards for up to five kids. Replacement cards cost $3.50 each but are free the first time. If you need to replace your card quickly, you can get express delivery for $24.99. The company also offers a personalized debit card for kids, with your own photo or design, for $9.99.

Read more in our Greenlight card review.

Related: Best Investing Apps for Teens Under 18 [Stock Trading Apps for Teens]

3. Step Banking (Best for Building Credit)

---

• Available: Sign up here
• Price: Free (No monthly fees)

The free Step Visa Card is a unique “hybrid” spending card that functions like a debit card, but also boasts some of the features of a Visa credit card—including the ability to build your teen’s credit history. In our overall review of the best cards for teens, this option truly stuck out as a one-of-a-kind product worth mentioning in this article despite it not technically being a debit card. When we personally tested the product, we found it to be a powerful option to set up teens for a strong financial future.

Parents add money to this FDIC-insured account and can determine how their teen can spend. A regular Step account allows a child to have both a physical spending card as well as a virtual card in the Step app, while a Parent Managed Account only allows the teen to spend via a physical card. Either way, they can use their card anywhere Visa is accepted. Teenagers can also use their cards to withdraw money from more than 30,000 ATMs for free.

And parents needn’t fear that their teen will overdraft—they can’t spend any money they don’t have.

Further, the Step Card comes protected by Visa’s Fraud Protection and Zero Liability guarantee. That means if your teenager’s card gets lost or stolen, or misplaced and fraudulent charges crop up, you can dispute the charges within a certain time frame to avoid liability for paying.

The Step Card also boasts a great savings tool for teens. Any money up to $250,000 saved in a Savings Goal can generate 5% in annual interest (compounded and paid monthly) with a qualifying direct deposit*. And with Savings Roundup, small purchases are rounded up to the nearest dollar figure; that extra money is put toward a savings goal. (Example: Your teen buys a cup of coffee for $2.75; Step rounds up to $3.00 and puts 25 cents toward a goal.)

Step even features an “invest” function that allows teens age 13 and older to buy and sell Bitcoin for a small transaction fee. They can also earn Bitcoin (or cash) rewards when they opt into offers from companies like Hulu, Chick-Fil-A, CVS, and The New York Times. The app is not a pure crypto wallet, however—your kids currently can’t spend Bitcoin directly at vendors.

One of the most unique and powerful features of the Step card is its ability to build your teenager’s credit history. With this optional feature, Step will report the past two years’ worth of information—transactions, payment history, and more—to the credit bureaus when your teen turns 18. That can greatly improve their chances of starting adult life with a better credit score, which can help lower the cost of things like student loans and auto insurance.

Lastly, Step is absolutely free: No monthly fees, no subscription fees, no account minimum fees, and no ATM fees within Step’s network of 30,000+ ATMs.

Related: Best Teen Credit Cards for Building Credit

4. Revolut <18 (Best for Parent-Paid Bonuses)

---

• Available: Sign up here
• Price: No monthly fees

Revolut <18 is a prepaid debit card for kids designed to teach them money skills for life. Aimed at building healthy money habits from an early age, the unique, customizable card empowers parents to have full insight into their kids’ card activity through providing instant spending alerts and parental controls.

You can choose to freeze the card, set controls on how they use the cards online and with contactless payments through your Revolut app. Further, you can set spending limits on how much your child can use with the prepaid card.

Parents use the card and accompanying app to teach kids about earning, budgeting, saving and even investing money (depending on the plan chosen). You can also use the card to manage chores and allowance, set savings goals as a family and help your children manage their money.

And if your child did something deserving of a reward? You can send parent-paid bonuses when they complete specific tasks. Simply add money to their digitized piggy bank through the app. You can send and receive money in seconds through Revolut’s Payments feature, which allows instant transfers between account holders and also global transfers at transparent rates.

Of note: You must have a personal Revolut account before you can open a Revolut <18 account for your children. You can add up to five Revolut <18 accounts per parent account.

To learn more about Revolut <18, consider visiting their site and opening an account for yourself and your child.

Related: Best Credit Cards for Kids [Start Building Credit Early]

5. Current (Great No-Monthly-Fee Teen Card)

---

• Available: Sign up here
• Price: Free (No monthly fees)

The Current mobile banking app is designed with families in mind. It offers both adult and teen accounts, with the latter acting like prepaid debit cards that parents load for their children.

Current allows you to track your teen’s spending in real-time, set limits on how much your children can spend, and even block specific merchants on its Visa-enabled debit cards. You also get the peace of mind that comes with knowing your children’s money is safe because it’s not cash—no temptations, just a tool parents can use to help teach teens financial responsibility and sound money management skills.

Among Current’s features:

• No minimum required balances, no fees on transfers to other Current accounts, and no hidden fees.
• Create Savings Pods, or Giving Pods, that allow you to save up for various goals.
• Round-Ups allow you to round up purchases to the nearest dollar amount and store the difference in Savings or Giving Pods.
• Buy and sell more than 30 different cryptocurrencies with zero trading fees.

Teens will love easy allowance deposits, a card they can use in stores or online, instant gas hold removals when buying gas, and access to more than 40,000 fee-free Allpoint ATMs nationwide. They’ll also have the opportunity to learn about financial responsibility and financial independence through Current’s Budgets feature, which allows them to track their spending and even receive alerts when they get too close to (or exceed) a predetermined limit.

Current doesn’t specifically state a minimum age requirement, but the company’s marketing suggests teens are the target audience. Still, you might be able to open an account for a younger child.

Related: Best Investments for Beginners

What Is a Debit Card for Kids?

---

Children generally can’t open their own bank account until they reach the age of majority in their state—often 18 years old. Thus, parents often look for other paths, such as opening a sub-account from their own bank account so they can provide their children with a card to use. In that event, your child likely will need to be at least 13 years old before receiving a card.

Unfortunately, these accounts might not come with the custom spending controls, parental oversight, or feature-filled mobile apps provided by many new debit cards for kids. These new apps provide numerous controls over your children’s spending, including spending notifications, limiting where your child can use the card, and even allowing you to quickly lock and unlock the card. And in many cases, you simply fund your child’s debit card, so it effectively functions as a prepaid debit card.

Traditional banks or prepaid debit cards might not allow you to do this beyond keeping the account balance at a certain level.

Related:

• Best Credit Cards for Teens [Build Credit]
• 4 Best Ways to Save Money for Kids [Children’s Savings Plans]
• Should You Open a Child Bank Account with a Debit Card?

---

Terms and Conditions for Fidelity Youth™ Account

The Fidelity Youth™ Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.

* $0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.

¹ Limited Time Offer. Terms Apply. Before opening a Fidelity Youth™ Account, you should carefully read the account agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen’s activity in the account.

² The Fidelity Youth™ app is free to download. Fees associated with your account positions or transacting in your account apply.

³ Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.

⁴ Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $0.01. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00).

⁵ Your Youth Account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement will be credited to the account the same day the ATM fee is debited. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account. The Fidelity® Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other, and Fidelity is not affiliated with PNC Bank or BNY Mellon. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc.

⁶ Venmo is a service of PayPal, Inc. Fidelity Investments and PayPal are independent entities and are not legally affiliated. Use a Venmo or PayPal account may be subject to their terms and conditions, including age requirements.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

---

Step Disclaimer

Disclaimer: Step is a trademark of Step Mobile, Inc.