A checking account is one of the best ways for teens to learn money management and understand banking basics. While classroom lessons are helpful, nothing compares to real-world experience. With this account, you can give your teen that opportunity while staying involved every step of the way.
We’ve designed this account for teens, but with parents in mind. Your teen will have access to a personal banker who can answer their questions and provide guidance whenever they need it. Plus, the account offers flexibility, including the freedom to use any ATM, so your teen can manage their finances without worrying about additional fees.
Monthly service charge: $0
Minimum opening deposit: $0
Key account features
• Debit card with teen limits1
• Card controls let parents monitor spending, transfer funds, and set limits to promote responsible habits.
• No overdraft fees2
• Access to any ATM (up to $10 in fees refunded3 per statement cycle)
• Account alerts4 and fraud monitoring
Other account features
• Online banking
• Mobile banking app
• Mailed or paperless statement5 (enroll in paperless statements in online banking)
• Mobile wallet
• Check writing
• Learn smart money habits with educational tools available through online banking
Turning 18 unlocks additional VIP perks6
When your teen turns 18, their account will automatically upgrade to our VIP Checking Account, giving them exclusive benefits like enhanced digital banking tools, a new debit card with higher spending limits and optional overdraft protection. Even better, their account will stay service-charge free until they turn 25, so it can grow with them through college and beyond.
See terms and conditions for full account details.
All accounts are subject to approval. VIP Teen accounts must be opened jointly with a parent or legal guardian, with the teen being the primary owner and requires the teen customer to be between the ages of 13-17 at the time of account opening.
1 Daily debit card limit for purchases and withdrawals is $500. ATM withdrawals are limited to $100 a day. Limits may be lowered by calling us at 888-474-7275.
2 Overdraft fees: Overdraft protection is not available on this account. Most transactions will be declined if funds are insufficient. However, certain transactions such as tips added to restaurant charges may result in a negative balance. In these cases, no Non-Sufficient Funds (NSF) fee will be charged.
3 ATM fees refunded for use of an ATM outside of the Park network to cover non-Park bank’s ATM fee and other provider ATM service charge up to $10 per statement cycle.
4 Messaging and data rates may apply for account alerts. Check with your mobile phone carrier for details.
5 Account will default to a mailed statement. Paperless statements can be set up after enrollment in online banking.
6 Account will automatically upgrade to VIP Checking within 60 days after the teen’s 18th birthday, subject to eligibility and applicable terms and conditions.