Can I buy stock for a child without a custodial account?
Not shares — but you may not need them. A Beestow gift isn't stock: it's a gift whose value is linked to a stock's market price, so there's no custodial account, no paperwork, and no account minimum. You send it in about 60 seconds, and a parent or guardian claims it and transfers the cash value when they're ready. If owning actual shares is the point, a custodial account is the right tool.
How is this different from a custodial (UTMA/UGMA) account?
A custodial account is a brokerage account opened in the child's name that an adult manages until they turn 18 or 21, often with ongoing fees. A Beestow gift isn't an account — it's a gift whose value moves with a stock's market price. A parent or guardian claims it in minutes and transfers the cash value to any bank or brokerage when they're ready.
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 gift's value follows the stock's price, so it can go down as well as up. The cash value is set at the moment they redeem, not when you send it — and gifts never expire, so they choose the timing.