FIRST Checking

Joint Checking Account for Parents with Teens Aged 13 to 17 1

At Bank of Internet USA, we believe it is never too early to begin learning about financial health. Our First Checking account was created to help teach teens real life money management skills. Give your teen the financial freedom he or she wants along with the security of a parental joint checking account.

The Rewards

The First Checking account from Bank of Internet USA is a joint account for an adult with a teen aged 13 to 17 years1 that offers such benefits as:

  • A Visa® Debit Card
  • No monthly maintenance fees
  • A 0.25% APY2
  • Lower daily limits ($100 cash and $500 purchases) than a typical checking account
  • Up to $12 a month in domestic ATM fee reimbursements
  • No overdraft or non-sufficient funds fees

Free Online Banking

The First Checking account includes such as:

Unlimited Online Access

Wherever your teen goes, his or her checking account will follow with access through our online portal and from our mobile app. Your teen's debit card can also be .

Teen Applying for Account with Parent

Is Your Teen Ready for Their First Checking Account?

Take this quick quiz with your teen to test your teen's financial know-how. Whether they're a financial wiz or new to saving, let us help you find ways to help educate your teen on the basics of banking.

Banking for Teenagers

Give your teen the independence of having his or her own bank account, with the security of parental oversight.

A Joint Account

First Checking is a joint account between the parent and teen. It allows you to easily deposit funds into your teen’s checking account while he or she uses the debit card to make purchases.

Learning How to Budget

Your teen will benefit from:

  • Helpful tips to make budgeting easier.
  • Fun ways to learn about important financial topics.
  • Lessons on how to manage their money more effectively.

Teaching Your Teen to Save

Your teen’s first bank account is a great way for him or her to learn the value of hard work and budgeting. Whether the deposits come from a first job or from allowances and holiday gifts, your teen can learn to spend responsibly while beginning to save for a first car, building a college fund, or setting aside money for summer vacation.

Peace of Mind for Parents

Complete Access: This allows for parental monitoring while giving teens the freedom to manage a bank account.

Allowance Payment: Easily set up a regular automatic transfer to pay your teen's allowance.

Security: A debit card with a PIN is safer than cash.

Track Spending: Our mobile banking app means your teen will have account access anywhere.

To learn more about how you and your teen can benefit from opening a First Checking account from Bank of Internet USA, please contact us by phone at 1-877-541-2634 or by email at .