JetSpace Teen Checking Accounts
Jump Start on Financial Responsibility
Savings accounts are usually children’s first introduction to banking, but as they grow they need to learn other money basics and that includes managing a checking account.
“[Checking accounts] helps them better learn concepts related to money and can give them valuable practice in a safe environment.” — Natasha Campbell, founder and CEO of Lifestyle Success Unlimited, a financial education company in Kissimmee, Florida.
Start preparing your teen for his/her financial life when you make him or her a member of your credit union and open a checking account – this is key to avoid pitfalls later.
Sign your teen (ages 13 – 17) up for a free JetSpace Teen Checking account. Open your teen’s checking account with only $25 and get everything you both need in a checking account:
- FREE VISA Debit Card with 12¢ cash back rewards1
- No monthly fees
- No minimum balance to maintain
- Optional share overdraft transfer2
- Convenience – 24|7 access through Online CyberMAT and Mobile App banking
- Account is co-signed by parent/guardian, who has monitoring rights.
- Teen must complete a three online money management courses in CyberMAT Online Banking to meet account requirement
Note: JetSpace accounts only utilize eStatements and JetSpace members will not receive paper statements in the mail. JetSpace checking accounts do not come with paper checks – JetSpacers can always opt to buy paper checks whenever needed.
1 The credit union reserves the right to determine if transactions processed under the 12 cents a pop cash back program are usual and customary. For transactions that are not usual and customary, they are 1) not eligible for the rewards payment and 2) may result in a loss of debit card privileges and any accrued rewards cash. All transactions under $5.00 do not qualify for the program reward.
2 There is a fee for this service.