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When it comes to smart money management and saving, the earlier the better. Kinetic Credit Union is excited to offer Teen Checking Accounts! Now you can start your teen, 13-17 years old, off on the right foot financially. This account allows your teenager to begin building smart money management skills safely and securely.
Benefits of a Teen Checking Account
With Kinetic Credit Union’s Teen Checking Account, you and your teen can manage and monitor the account via free online banking or the mobile app. CardValet allows the account owner to monitor your teen’s spending with spending alerts following each transaction. You can also set and control limits on where and how much your teen can spend in one place. CardValet allows you to teach the importance of money management, saving, and spending in a secure way.
Not only does the Teen Checking Account offer careful monitoring, but it also provides overdraft protection from the linked saving account on up to 6 overdraft withdrawals per month, so you don’t have to pay extra for those accidental learning experiences. You can also easily transfer funds from your Kinetic checking account to your teens, whether it’s a one-time transfer or a recurring payment like a weekly allowance.
Your teen will receive a free VISA Debit Card with access to their money at 30,000 ATMs nationwide with no withdrawal fee with their new checking account. In addition, with each transaction, you teen will earn points on merchandise, gifts card, and travel through ScoreCard Rewards. Each debit card is also compatible with popular digital wallets such as Apple Pay, Samsung Pay, Google Pay, and several other payment apps such as Venmo, Paypal, and Cash App.
Teen Checking Account Eligibility
The Kinetic Credit Union Teen Checking Account is available for all members between the ages of 13 through 17 years old. The account must have a legal adult owner who is over the age of 18 and a current Kinetic Credit Union member in good standings. The account owner will be jointly and severally liable to the credit union for all transactions on the account.
At the age of 18, the account will automatically be converted to the Kinetic Checking account.
Grow Your Financial Knowledge
Teaching your children healthy spending and budgeting habits early will set them up for financial success that will stick with them for the rest of their lives. To help you out, Kinetic Credit Union also offers free financial education through the Smart Step Financial Education Program. This unique program offers personalized learning experiences to help you plan around your individual financial situation and goals.
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Money management is a necessary skill to set yourself up for success down the road. Starting your teen off on the right foot while their young will prove itself invaluable as they transition into adulthood and financial independence. Kinetic Credit Union’s Teen Checking Account is a perfect solution!
To learn more and get your teen started on the right path to money management, call us today at 706.320.8575 or visit any Full-Service Kinetic Branch.