Ring in the school year with a teen bank account
By now, we all know the standard back-to-school shopping list: binders, backpacks, gym shoes, etc. But how is your teen preparing for their financial future? We’ve got something to make their back-to-school experience a breeze: the WRCU Teen Account! Designed especially for students ages 13-17, our teen bank account is a secret weapon for teaching them how to handle their own money.
The best part? Parents can tweak debit card limits and utilize MyCardRules to keep tabs on spending and card management. So, if you don’t want your kid spending their entire paycheck at Starbucks, you have the power. Other perks and account features include:
- Teen Savings
- Teen Checking
- VISA debit card
- Save for Something Savings
- Online Banking Account access
- FREE eAlerts on your mobile phone or email
- FREE member seminars
- FREE check writing and balancing tutorial
- White River CU Mobile App
- Online and mobile banking tools
- Minimum opening balance: $25.00
- Monthly service charge: $0
- Additional online resources
Teenage milestones worth saving for
How can you help your teen save responsibly? At White River Credit Union, we understand that teenagers have their sights set on some exciting milestones. Maybe your teen is saving to cruise in their very own car, purchase their first laptop, or simply have the means to enjoy memorable social activities with friends. That’s where the WRCU Teen Account comes in as a trusty companion on their financial adventure.
Our Teen Account is designed to help teenagers make their dreams a reality. With features like “Save for Something Savings,” early savers can earmark funds specifically for their cherished goals. Whether it’s putting aside a portion of their allowance or money from their first part-time job, this option helps teens visualize their progress as they inch closer to that coveted car or laptop. Now, that’s what we call some responsible saving!
Preparing for college with a Teen Account
The road to college is right around the corner for high school juniors and seniors. However, the financial aspects of higher education can be intimidating (for teens and parents alike). A recent survey conducted by Sallie Mae found that 97% of families believed that college represents an investment in their child’s future. However, the survey also revealed that less than half of the participating parents had a concrete strategy for financing their child’s college education. In other words, you’re not alone if you aren’t sure where to start!
While we don’t expect teens to save four years of college tuition by the time they enroll, teen bank accounts can be crucial in helping them gain valuable financial skills before they venture out independently. Here are a few ways teen accounts can help prep your student for those university days:
- Set savings goals for college
- Free financial education resources
- Practice budgeting for loans and financial aid payments in the future
How to apply for a Teen Account with WRCU
Ready to kickstart your teen’s financial journey and prepare for a future filled with exciting possibilities? We make applying for a teen bank account simple! Simply click on schedule an appointment to connect with our team and open a WRCU Teen Account. Our friendly staff will guide you every step of the way – virtually or in person.
Never too cool to save for back-to-school
For more information on WRCU’s Teen Account and how it can benefit you or your teenager, please visit our contact page or chat with our fun-loving crew via call or text at (360) 825-4833. We’re here to support your aspirations and provide the tools you need for straight A’s in financial success.
