Youth & Teen Money Account Watch

Why this is recommended

A subscription app that raised its family fee to $15 a month, a custodial account that transfers control at 18 in one state and 21 in another, or a $500 youth savings match are decisions worth more than the membership, made once and rarely revisited.

What the Tab covers

Who it is for

Parents of children aged 8 to 20, and the grandparents opening the accounts.

When it runs

Families talk money on the weekend; banks and apps post changes during the week

Scope

Greenlight, GoHenry, Step, Acorns Early, Copper, BusyKid, FamZoo, Chase First Banking, Capital One MONEY, Fidelity Youth, Schwab and Vanguard custodial accounts; UTMA and UGMA age-of-majority rules by state; kids' Roth IRA and 529-to-Roth rules; youth savings rates, promotions and matches at banks and credit unions; teen credit-building and authorized user products; state financial literacy course requirements; FTC and COPPA actions against youth finance apps

Suggested task

The objective your Tab starts with. You can edit every line of it once the Tab is yours.

Teen debit card and allowance app fee and feature changes, custodial and youth brokerage account rule changes, kids' Roth IRA and 529-to-Roth rollover guidance, teen credit-building products, youth savings rate promotions and matching programs, financial literacy graduation requirements by state and app privacy and safety actions, with the app or rule first.

Track money accounts and rules for US children and teens. Report only confirmed, source-backed items from the last 7 days: fee, plan and feature changes at Greenlight, GoHenry, Step, Acorns Early, Copper, BusyKid, FamZoo, Chase First Banking, Capital One MONEY, Fidelity Youth and the custodial accounts at Schwab and Vanguard; UTMA and UGMA age-of-majority and transfer rule changes by state; IRS guidance on kids' Roth IRAs, earned income and 529-to-Roth rollovers; youth savings account rates, promotions and matching programs of $50 or more at banks and credit unions; teen credit-building and authorized user product changes; state financial literacy graduation requirements taking effect; and FTC, COPPA and state actions against youth finance apps. Prefer app and bank pages, IRS, state legislatures, the FTC and established family finance reporting; ignore influencer promotions and unverified reviews. Put the app, bank or state first in the title with the fee or amount. Use high severity for a fee increase over 25 percent, an age-of-majority change, or a privacy enforcement action. Return no more than 6 findings. Push each as a finding with a title, a two-sentence summary, sections for what changed, who it affects, what to do, the date, and the source link. If nothing qualifies, push nothing and submit the run receipt.