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July 29, 2010
  
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Teen Checking Delivers Freedom

Keeping your spare change in a piggy bank may be fine when you're a kid, but when you hit those teenage years it's time to find a better place to save money. Teen checking accounts help young adults take a step toward financial independence. Teen accounts provide low-cost, flexible options for getting and managing a first checking account. Many financial institutions, including San Diego County Credit Union, work with teens and their parents to offer checking accounts.

teenFIRST™ checking accounts at the Credit Union are designed to serve teenagers age 16 and 17. Teens may have different reasons for opening their first account: increased earnings from a part-time job, the need for an ATM or debit card for spending flexibility or getting ready for college expenses.

If your teen is ready for an account, we suggest checking out the features and benefits of a teenFIRST checking account, then talking with your teen. As the parent, you will be listed on the account with your teen, but the account is managed by your teen. A first checking account is a great opportunity for your teen to learn how to track their spending and balance their account.

 

 
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