Can I buy stock for a child without a custodial account?
Yes. Beestow skips the custodial account entirely — no paperwork, no account minimum. You send a market-linked gift in about 60 seconds, and a parent or guardian helps the child claim and redeem the cash value when ready.
How is this different from a custodial (UTMA/UGMA) account?
A custodial account requires opening and funding a brokerage account locked to the child until 18 or 21, often with ongoing fees. A Beestow gift is a prepaid gift linked to a stock's market performance — claimed in minutes, redeemable to any bank or brokerage, with no lock-up.
Who claims the gift for a young child?
A parent or guardian creates a free account and claims on the child's behalf, then decides when to redeem the cash value.
Do I need the child's account details to send?
No. You only need an email, a phone number, or a printed QR code. No brokerage details are required to send.
How much does it cost?
Gifts start at $20 plus a small flat service fee shown upfront. No ongoing fees that chip away at the gift.
What if the stock drops?
The cash value is based on the live price at the moment they choose to redeem — not when you send it. Gifts never expire, so they can wait for a recovery.