It’s never too early to start learning how to handle money! We welcome minor accounts and have a number of resources to help children learn healthy financial habits. Checkout the resources available on our website in the Education & Resources menu.
A Non-Custodial Account for a Minor is one in which the minor has access to the funds in the account. There must be a responsible adult on the account with the minor. This person is legally responsible for any actions taken on the account, including the minor’s.
For children under the age of 12, we offer Safari Accounts. Safari Accounts are for children under the age of 12. The minimum balance in the account is $5 ($1 one-time membership fee required) for the first year. After which, the account must be brought up to a $25 minimum.
Typically, these accounts are limited to savings accounts until the minor turns 16 years of age. At this time a checking account may be opened with a qualified responsible adult. A debit card may be issued on the account, however, it is likely to have restricted deposit privileges and lower spending limits.