Accounts & Products

Schwab One Custodial Account

The Schwab One^® Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. It is set up and managed by an adult, and turned over to the child when he or she reaches the age of majority.

What are the fees and commissions?

Monthly service fees: $0
Account minimum: $100
Commissions: $8.95 per online trade;¹ $0 per Schwab ETF online trade in your Schwab account²

There are no fees to open or maintain your account. Other fees may apply; please see Account Pricing.

What are the benefits of a Schwab One Custodial Account?

Every Schwab account comes with investment help and guidance. With this account, you'll also enjoy:

All the benefits of our popular Schwab One brokerage account
No contribution limits
No gift tax for 2013 contributions up to $14,000 ($28,000 per couple) for each beneficiary in a single year
Withdrawals that can be made at any time and for any purpose, as long as it benefits the beneficiary
Tax-free earnings on the first $950
A reduced tax rate on earnings over $950
24/7 service and support

Please note:

All assets are held in the child's name.
20% of the assets will be considered when applying for financial aid.
A custodial account is an irrevocable gift and must be turned over to the child when he or she reaches the age of majority, typically 18 or 21, depending on the state.

Ready to get started?

Download Application

Need help? Call
866-663-5247.

Account fees and commissions

There is no fee to open or maintain a Schwab One Custodial Account.

Minimum opening deposit: $100
Monthly service charge: $0
Equity trade commissions: $8.95 per online trade;¹ $0 per Schwab ETF online trade in your Schwab account²

Want complete pricing details?

Other fees may apply. Learn more about our fees and minimums.

Quick answers to related questions

Have questions about our Schwab One Custodial Account? Here are responses to some of the most common questions we hear. If you have a question about your specific situation that is not answered here, please call us at 866-663-5247.

How do I open this account?

It's quick and easy to open a Schwab One Custodial Account. To get started, download a Custodial Account application or request a Custodial Account application by mail. Or, you can always call 866-663-5247 for assistance.

When can I access my account?

We'll send you your account number as soon as your application is completed and approved. You can use your account number to log in to Schwab.com and manage your account.

Is a custodial account the best way to set up a college fund?

If your primary goal is to offer funds for college, you might want to consider a 529 College Savings Plan or an Education Savings Account, which have specific tax advantages for saving for college. Talk to your tax advisor to find out if it might be right for you.

What if I want to transfer a significant amount of wealth to a child?

If that’s your primary goal, you might want to consider opening a trust account, which can offer you more flexibility, control, and protection than any other type of account.

Applying for a Schwab One Custodial Account is easy.

It's helpful to have the following information on hand before you begin:

Your Social Security number
Your driver's license number
Your employer’s name and address (if applicable)
The contact information, birth date, and Social Security number of the minor
Statement information for funds you may want to transfer

Take the next step.

Open a Schwab One Custodial Account today.

Download a Schwab One Custodial Account application or call 866-663-5247.
Request a Schwab One Custodial Account application by mail.
See all Schwab accounts.

1. Restrictions apply: The $8.95 commission does not apply to foreign stock transactions, large block trading transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.

2. Restrictions apply: Online trades of Schwab ETFs^TM are commission-free at Charles Schwab & Co., Inc. (member SIPC), while trades of third-party ETFs are subject to commissions. Broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. All ETFs are subject to management fees and expenses.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF.

Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc.