By creating a Kids Account, you agree that your intention is to set up the Kids Account as a bare trust for the child, and any activity that occurs within the Kids Account must be for the child’s benefit only. You can’t withdraw any money you’ve deposited and use it for yourself.

A bare trust is a trust that’s set up by a trustee for the sole benefit of the beneficiary. Although the trustee manages and operates the account, the beneficiary holds the right to all money deposited.

In the case of a Kids Account, the adult will set up the trust for the child—who’ll be the beneficiary of the trust. The adult managing the Kids Account will become the trustee of the trust—the person who can manage and operate the account. The trustee must declare that the Kids Account is for the benefit of the child, and will be passed on to them at the date set by the trustee (the transfer date). The child has rights to access the money and investments in the Kids Account on the Transfer Date that can be set by you.

Each deposit into a Kids Account is essentially an irreversible gift to the child.

Read the Kids Accounts Terms and Conditions.

For any questions on the legal structure of a Kids Account, send a message to

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