Youth account for ages 13 to 17

With online communities, the drama of high school and the latest fashion trends, savings may be the last thing on your teen’s mind. But it’s never been more important to help them become Money$mart and prepared for their future, especially as they start looking ahead to owning a car and going off to college.

• FREE financial seminars through the BALANCE program on important money matters (First Course Module: “Teens and Money”)
• Welcome gift and other incentives
• FREE Parent Authorized Debit Card with Money$mart Checking Account (completion of Balance Checking Account Management required within 30 days of opening checking)
• 24/7 Online Banking Access with E-Statements
• First set of checks is FREE upon request
• Rate rewards after account reaches $500, $1,000, and $1,500
• Money$mart Scholarship available
• Youth Saver Certificate available with higher dividends – initial $25 deposit to open
• First Time Auto Buyer Loan (with parent co-maker and completion of BALANCE's financial education course “Drive Away Happy”)
• Platinum Mastercard with parent selected limit up to $500 (with parent co-maker and completion of BALANCE financial education course “Credit Matters”)

You Monitor their Spending

As the parent or guardian, you can structure the checking account accordingly. Choose the daily ATM withdrawal limit, the daily debit purchase maximum and the daily Point of Sale (POS) amounts––card defaults to $100 POS, $100 debit and $100 ATM. You may also monitor their spending by setting up access to view their account activity through your own Home Banking, Foothill@Home. You can even set up eAlerts to receive either emails or text messages when purchases are made, when a balance reaches a certain point, or other types of activities on that account. 

Help Them Get Money$mart Today!

Opening a Money$mart account only requires an initial $5 deposit. And as they prepare for a higher education, their first car, their prom or other special events, they can help save for it with a Youth Saver Certificate. This account allows additional deposits of at least $25 at any time, up until the they turn 24 years of age.

Discounted First-time Auto Buyer

As talk of driving and owning a car arises, you can be prepared thanks to our discounted First-time Auto Buyer Loan when you co-sign on their first Auto Loan at the Credit Union. The special auto loan is given when your youth has completed the "Drive Away Happy" tutorial and quiz. See below.

Financial Education

	“Teen and Money” course completion required with new Money$mart account.
	“Checking Account Management” course completion required with new Money$mart Checking Account.
	“Drive Away Happy” course completion required with our First Time Auto Buyer Loan.
	“Credit Matters” course completion required with our Platinum Credit Card.

Additional Resources

• Earning and borrowing
• Saving and budgeting
• Spending and using checks
• You'll also find out more about credit unions

*Teen must take the Teens and Money tutorial online. We require a qualified adult joint signer or co-signer (must be a parent or legal guardian). Requirements for loans depend on the type of the loan, age of applicant, as well as GPA, and/or driver's license.