Teen Checking
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Teen Checking
At OE Federal, your teen can learn to manage money before she learns to drive. Our Teen Checking accounts, complete with special safeguards (like 24/7 transfers and parental access), let your 13 to 17-year-old practice saving and spending in a safe, secure environment.
- Free debit card
- 24/7 parental access
- 24/7 transfers enabled
- Overdraft protection
- Balance status alerts
More Info
Call us at 800.877.4444 to sign your son, daughter, or grandchild up for a Teen Checking Account.
Note: To access mobile deposits, you will need to be at least 14 years old.
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Frequently Asked Questions
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Are there any fees?
There is NO balance requirement or monthly maintenance fee. The Teen Checking is subject to the same fees as a regular Checking account: Returned Deposited Item $25.00, Non-Sufficient Funds $25.00, Courtesy Pay Overdraft $25.00, Stop Payment $25.00, Overdraft Protection Transfer $3.00.
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What are the benefits and requirements associated with this account?
The Teen Checking account is available to minors Ages 13-17. A minimum deposit of $20 is required to open. Dividends are earned after a minimum balance of $2,500. Teens can have a Visa Debit Card to access their funds, as well as Mobile access with Mobile Deposit and Account Transfers. It is recommended that a parent becomes a Joint Owner on this account, to help monitor and assist their child in learning good banking habits.