Managing OnePay Invest for Teens
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In this article
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In this article
How can I monitor the Invest account my teen is an authorized user for?#
You can view your teen's current investments and transaction history at any time.
To view your teen's transaction history:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap on the Invest tile
Tap the settings icon.
Tap Transaction history.
You'll also receive notifications when:
Your teen buys or sells investments
Your teen reaches a weekly purchase or sell limit
Can I set parental controls for my teen?#
Trading controls let you manage how your teen trades in the Invest account for which they are an authorized signer.
You can:
Set a weekly purchase limit
Set a weekly sell limit
Turn your teen's ability to trade on or off
If your teen attempts a trade that would exceed a weekly limit, the trade is blocked.
If you disable trading for your teen on the account they are authorized to use, you as the parent can still place trades in the account. If trading limits have been reached or teen trading is disabled, enabled account features like round-ups and dividend reinvestments will continue to work.
To update your teen's trading controls:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap the settings icon.
Tap Invest settings, then Parental controls.
Once the trading controls are set, your teen can trade within the limits you’ve selected.
How do I place trades for my teen?#
When placing a trade for your teen, the cash will be deducted or deposited into your OnePay deposit account, not your teen’s.
To place a trade on your teen's behalf:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap Invest.
Select Buy or Sell.
Follow the on-screen instructions.
Orders placed during market hours (9:30 a.m.–4:00 p.m. ET) are submitted immediately. Orders placed outside market hours are queued until the market reopens.
How does my teen place a trade?#
When your teen places a trade, the cash will be deducted or deposited into their OnePay deposit account.
To place a trade, have your teen:
Open the OnePay app.
Tap Invest.
Select the investment they'd like to trade.
Tap Buy or Sell.
Follow the on-screen instructions.
Orders placed during market hours (9:30 a.m.–4:00 p.m. ET) are submitted immediately. Orders placed outside market hours are queued until the market reopens.
What additional features are available?#
Depending on availability, you can also manage additional features for the Invest account your teen is authorized to use.
Recurring investments#
You and your teen can schedule and manage recurring investments for your teen.
To manage recurring investments:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap the settings icon.
Tap Invest settings, then Recurring investments.
Set up, edit, or delete recurring investments.
Your teen can manage recurring investments by:
Open the OnePay app.
Tap the Invest tile.
Tap the settings icon.
Tap Recurring investments.
Set up, edit, or delete recurring investments.
Round-ups#
If Round-ups are enabled, eligible debit card purchases are rounded up and the difference is invested in a stock or ETF selected by your teen.
To enable Round-ups, have your teen:
Open the OnePay app.
Tap Invest.
Tap the settings icon.
Tap Round-ups.
Follow the on-screen instructions to select a stock or ETF.
Dividend reinvestment#
For the Invest account your teen is authorized to use:
Cash dividends are added to the Checking balance associated with your teen's profile unless dividend reinvestment is enabled.
If you enable dividend reinvestment, eligible dividends are reinvested into the Invest account.
Changes to dividend reinvestment settings are processed after the market closes and may take up to 24 hours.
Stock lending#
Stock lending is disabled by default for Invest accounts opened for teens.
If you choose to enable stock lending for your teen, any interest earned is added to the Checking balance associated with your teen's profile. Your teen cannot enable stock lending.
To enable stock lending:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap the settings icon.
Tap Invest settings.
Select Stock lending and turn the feature on.
Beneficiaries and trusted contacts#
As the account owner, you can add or update beneficiaries and trusted contacts for the Invest account your teen is authorized to use.
To manage beneficiaries or trusted contacts:
Open the OnePay app.
Tap Teen or Family on the Home tab.
Tap your teen.
Tap the settings icon.
Tap Invest settings.
Select Beneficiaries & trusted contact and follow the on-screen instructions.
How do I close my teen's investment account?#
As the account owner, only you can close the Invest account your teen has access to.
Before closing the account, you'll need to:
Transfer the assets to another brokerage through an eligible ACAT transfer
Transfer the assets to your personal OnePay Invest account, or
Sell the investments and deposit the proceeds into the applicable deposit balance
After the account is closed:
Your teen will no longer be able to view the portfolio or place trades
Your teen will receive a notification explaining that the account was closed and what happened to the investments
If your teen contacts Customer Support about closing the account, they'll be asked to have you contact OnePay.