No. When your child selects the stock to be purchased, a parent will be asked to open a custodial account through our partner Stockpile. It’s also important to note that there are no transaction fees on buying stock when going through the BusyKid platform, but there is a small fee when selling stock through Stockpile.
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The BusyKid Prepaid Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa USA Inc. All cardholder’s funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions. For more information about the card’s terms and conditions including the Visa® Zero Liability policy click here. The BusyKid Visa® Prepaid Spend Card costs $7.99 when bank account is linked. A $.53 transaction fee will be added to orders using a credit card. There are some additional fees to the BusyKid Spend Card, please see our FAQs for more information.