How does a minor account work?

Freedom offers a variety of youth account options from birth to age 18. A custodial account allows someone over the age of 18 to control assets on behalf of the minor. These accounts are governed by state UTMA/UGMA laws. Additional types of youth accounts allow some of our younger members to have access to their money as they learn to manage their account. For more details, please see our Youth Accounts page.

Common next steps