Teen Checking Account

Teen Checking Account

Good Habits Start Young!

Teach them financial independence. Help your teen learn money management skills as they transition into young adults. Learn first-hand banking experience and take advantage of free, interactive financial education resources, and more!

Meet Ross the Robot

Click here to read Ross' story!


Teen Opening Gift
Account Opening Gift

Open a Teen Checking Account and receive your choice of a $10 Apple or Amazon gift card!

Teen Checking Opening Gift
Teen Debit Card
VISA Debit Card

Teens get their own debit cards while parents stay connected with parental controls.

Teen Debit Card
Access to Online and Mobile Banking
Access to Online and Mobile Baking

Teens can experience saving and spending first-hand with our state-of-the-art Online and Mobile Banking.

Youth Quarterly Dividends

Promotional Drawing!

To kick-off our new Youth / Teen accounts, one lucky youth member will win their choice of either:

  • A season pass for 4 family members to Tropicanoe Cove
  • A season pass for 4 family members to Indiana Beach

Become an IFCU youth member before May 31, 2022 and get your name automatically entered into the drawing! Good luck!


The Best Teen Checking Account.

State-of-the-art Mobile App

Birthday gifts, allowance, babysitting money—transferring money to your kid is a snap.

No fees and no minimums

Seriously—there are no monthly service fees or balance requirements.

Debit Card for Teens

Teens get independence, you get peace of mind with parental controls.


Benefits and Features

  • Youth ages 13 - 17 years old are eligible
  • They will receive a sweet account opening gift
  • High-yield Checking Account - Earns monthly dividends. View rate
  • Free debit card with parental controls
  • First 25 checks free (optional)
  • No minimum balance required
  • Access to Online and Mobile Banking
  • Up to 5 free foreign transaction fees - refunded at the end of each month
  • Access to free, fun interactive financial education resources and more
  • Free coin machine access
  • Quarterly mailed Teen Newsletter

Ready to get started?

With your child, stop by any IFCU Branch location with the following:

  1. A deposit of $5 into a Youth Savings Account to become an IFCU member, giving them access to all the benefits of membership! (If your teen already has Youth Savings Account, the initial $5 deposit is not needed)
  2. Parent or guardian valid government-issued photo ID
  3. Social Security Card
  4. Legal guardianship documents (if applicable)
  5. Parent / legal guardian membership (Parent or legal guardian must be an IFCU member or become a member first)

Fun Interactive Financial Education

The Cost of College
The Cost of College
Will you live on campus? Buy a meal plan? Lots of decisions impact your college expense list.
Figure them out with the Banzai Coach:
The Cost of College
Teaching Children About Money
Filling Out the FAFSA
The Free Application for Federal Student Aid (FAFSA) is an application for financial aid made up of scholarships and grants that the government awards to students based on their needs.
Filling out the FAFSA
Teaching Children About Money
Banzai Teen
Banzai Teen gives teens the opportunity to work through real-life financial problems in a safe environment. During the course, the goal is to save money to register for college, but unforeseen challenges make reaching that goal not-so-straightforward!
Banzai Teen

Teen Checking Account Rates

Rates effective May 1, 2022

Account TypeBalancesDividend Paid 4/30/22APY*
Teen Checking (Dividends are compounded and paid monthly)$0.01-$249990.10%0.10%
$25000 and over0.10%0.10%

* Annual Percentage Yield (APY); assumes that dividends remain in the account until maturity.


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Youth Accounts

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