The best banks for teenagers – The Best Bank can provide services such as free of charge, provide online bank features that can be accessed via mobile phone, access to ATM, and features that can make it easier for teenagers to save money in the bank.
Bank accounts for teenagers or students are usually in the form of checking savings that generally offer fairly low fees and special features for the needs of teenagers or students. Bank accounts for teenagers or students are usually in the form of checking savings that generally offer fairly low fees and special features for the needs of teenagers or students. Some well-known banks offer special accounts for teenagers, such as high school and college students.
Best Bank For Teenager Account
The best banks can make it easier for you to sign up, save, withdraw money and manage a bank account from anywhere. The following are some of the best banks for teenagers that provide special services for teenagers and students that you should try.
1. Chase Bank
Chase bank can be used by teenagers between 13 – 24 years old and without a monthly fee. A monthly payment will be charged when you graduate from school for $6. The minimum balance for chase bank is $0, so there is no minimum balance if a teenager registers at this chase bank.
Advantages of chase bank
- Special bank accounts for teenagers and students.
- There are no fees or minimum balances.
- It can be accessed at all ATMs.
- Can be accessed in the mobile app.
- You can get cashback credit cards for students and teenagers.
Chase Bank is the largest bank in the United States. Chase bank atm is also available in large and small cities. Chase Bank mobile app is also very easy to use by teenagers to manage bank accounts online.
Read Also : 7 Ways to Make a Lot of Money While Sleeping
2. Capital One Bank
Capital one bank is a bank specifically for teenagers under 18 years old. Capital one bank provides some necessities for teens, such as free checks, debit cards, and mobile bank apps.
Advantages of Capital One Bank
- There is no minimum balance in the bank account.
- You can access the ATM.
- It can be managed with a mobile bank app.
- It can be controlled by a parent’s account.
- Interest rates are higher than other current accounts.
Capital one bank is the largest in the united states and can register from 8 to 18 years old. Capital one bank also provides large interest rates for current accounts. Parents can also give control to their teenager’s bank account. Parents can restrict, block, and set account alerts.
3. US Bank
U.S. Bank offers checking accounts with debit cards for teens aged 18 and over. Usually, U.S. Bank is used by students, and U.S. bank is already working with several campuses in the United States.
Advantages of US Bank
- There is no account fee.
- Free bank account check for the first time.
- There are already banking programs available at several major campuses.
U.S. Bank already has more than 3,000 branches across the U.S. checking accounts at U.S. banks are only available to teens 18 and older, and teens can gain access to a checking account at no extra cost with a debit card.
Read Also : 7 Ways On How To Earn Money At Home
4. Bank Of America
Bank of America is one of the oldest banks in the U.S. and already has 4,000 bank centers and 17,000 ATMs spread across the U.S. Teenagers between the ages of 18 and 24 can use this bank as a place to keep money safe. Bank of America also provides important features such as being able to deposit through the mobile bank app and transfer money through the mobile bank app.
Advantages of Bank Of America
- Bank account protection.
- Can budget financially.
- no monthly fee.
How to open a bank account for teenagers
Creating a bank account can be done online or offline. If you choose to come directly to the bank, you must prepare some important documents such as:
- ID Card / Pasport / License
- Their Social Security numbers
- School ID
If the conditions for opening a bank account have been met, you can come directly to the bank and open an account for teenagers or students. Some banks will require you to deposit some money to open a bank account.
That’s the best bank for teenagers you can try. In choosing a bank account, you are required to know in advance the advantages and disadvantages of the bank so as not to feel aggrieved in the future.