Beanstox is open to any U.S. resident 18 years or older with an active U.S. bank account. The minimum investment to open an account is $100, and clients have the option of setting up weekly or monthly recurring deposits.
Why is 18 years old the minimum?
In the U.S., anyone under the age of 18 cannot own financial assets, including stocks like ETFs, without a custodian. Although Beanstox currently doesn’t offer custodial accounts for minors, it is on our product roadmap for the future.