The Stockpile app can be downloaded at the App Store or on Google Play.īrokerage accounts have no minimum initial investment, or account balance requirements. That means that if the gift card recipient is a minor, a custodial account will need to be opened for them by the parent or guardian. resident or citizen, and at least 18 years of age. Stockpile Features & FeesĪgain, Stockpile enables you to purchase stock gift cards on their platform, but they also serve as a broker to hold the shares. In fact, Stockpile offers an opportunity to purchase shares or fractional shares of more than 1,000 stocks and ETF’s. The gift card will typically indicate stock in a specific company, or the recipient has the option to use it to purchase a different one.
Instead of taking the security itself and heading home, it’s held with Stockpile. The difference with Stockpile is that the recipient isn’t purchasing merchandise that can be carried out of the store, but a financial security. You give a gift card for a flat amount, and the recipient is able to use it anyway he or she likes through the gift card provider. It’s like buying a gift card at Amazon or a department store. Stockpile also serves as an investment broker, allowing the recipient to hold the share(s) or fractional shares on the platform. For example, if a stock price is $100, and you give a gift card of $75, the recipient will be able to purchase three-quarters of one share. But since a specific stock price is unlikely to fit neatly within a specific dollar amount, Stockpile enables the recipient to purchase fractional shares. You purchase gift cards for flat amounts (more on that below). It’s giving the gift of stock in the easiest way possible. Rather than purchasing the stock directly to give as a gift, you instead purchase a gift card that will be used for the purchase of a specific stock. After all, most companies and brokers no longer issue stock certificates. It avoids the hassle of having to purchase a single stock, which is extremely difficult to do today. The gift cards can be purchased and redeemed on the Stockpile platform.
Stockpile is an app and online broker that also offers gift cards that can be used for the purchase of both stocks and exchange traded funds (ETFs). If you’re tired of gifting toys, clothes, or savings bonds, this can be a welcome change. government savings bonds, except that you’re giving an opportunity to purchase stock in specific companies. Looking for a gift idea, but not sure exactly what to buy? Now you can give the gift of stock.
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