You’re turning into an adult (some-what)! A checking account with a cool nifty debit card is one of the first steps to adulthood. Responsible teens with proper money management can go a long way to financial success in the future. We’re partnering up with your parent (or other responsible family member) to show you the way on how to manage a bank account.
- Must be at least 15 years of age to be eligible for a checking account
- Must have a qualified joint owner (adult, such as a parent) who is also a member at the credit union
- No minimum balance
- Access to mobile and online banking
- Visa® debit card (maximum purchase/withdrawal limit of $300 per day)
The great thing about this account is that it's absolutely FREE!
- No monthly maintenance fee
- No printed statement fee
- No debit card fee
- No overdrawn or overdraft fee
To get started, you can apply online or visit a branch. You’ll need your personal information and provide supporting documents issued by the State (birth certificate, social security card, passport…) along with your School Identification Card. Remember, a qualified joint owner (trusted adult) has to be on the account.
FOR PARENTS (or the trusted joint owner)
- Teach your teen how to use the checking account, such as logging in to eBanking to monitor their balance and spending.
- Make sure you teach them to be CAUTIOUS at all times! They should never share important account information with anyone.
- Encourage them to set-aside money on a regular basis to their savings account. It’s also a good time for you to open a Coverdell Savings account.
- You have the ability to adjust their daily allowable limit on their debit card, with a maximum limit of $300. You can adjust the limit by simply calling us.