Download the Schwab app from iTunes®Get the AppClose

Let's chat
Professional answers 24/7
Hi, have questions about our investment products? I can help …
Live chat

Schwab One® Custodial Account

  • Share this page

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?

  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply.1
  • Account minimum: $0
  • $0 online stock and ETF commissions2

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 incurred for contributions up to $15,000 ($30,000 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 $1,050
  • A reduced tax rate on earnings over $1,050
  • 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 (or up to 25), depending on the governing state.

Ready to get started?

Open a Custodial Account

Or, Download Application

Need help? Call

Take the next step.

Open a Schwab One Custodial Account today.

Open a Custodial Account

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.